Spot prices for hot-rolled coil in China edged lower on Friday November 5, while futures prices set a new nine-month low.
Domestic
Eastern China (Shanghai): 4,960-5,000 yuan ($775-781) per tonne, widening downward by 20 yuan per tonne
Northern China (Tangshan) weekly assessment: 5,030-5,090 yuan per tonne, down by 260-270 yuan per tonne
Spot HRC prices in eastern China ended the week down by 340-370 yuan from last Friday's 5,330-5,340 yuan per tonne.
The most-traded HRC contract on the Shanghai Futures Exchange slipped to an intraday low of 4,470 yuan per tonne in overnight trading, which is the lowest since February 8.
For the week, the contract shed 434...