Spot prices for hot-rolled coil in China extended their losses on Tuesday November 9, with ferrous prices falling across the board after a major coal supplier again lowered spot thermal coal prices.
Domestic
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Eastern China (Shanghai): 4,900-4,950 yuan ($766-774) per tonne, down by 10-50 yuan per tonne,
The most-traded HRC contract on the Shanghai Futures Exchange edged lower in choppy trading on Tuesday, marking the fourth straight trading day of losses.
Futures prices for ferrous metals - including rebar, HRC, coke, coking coal and iron ore -all weakened on the day, with the most-traded thermal coal contract on the Zhengzhou Commodity Exchange slipping for a second straight day.
The broad-based losses came after...