Chinese spot HRC prices dip; futures jump in final trading hour

Spot prices for hot-rolled coil in China continued to edge lower on Friday November 19, while futures prices rose sharply in the last trading hour before the closing bell.

Domestic
Eastern China (Shanghai): 4,630-4,680 yuan ($725-733) per tonne, down by 20 yuan per tonne
Northern China (Tangshan) weekly assessment: 4,600-4,650 yuan per tonne, down by 280-300 yuan per tonne
Spot HRC prices in eastern China ended the week down by 130 yuan from last Friday's 4,760-4,810 yuan per tonne.

The most-traded HRC contract on the Shanghai Futures Exchange jumped to an intraday high of 4,506 yuan per tonne in the last trading hour before closing on...

Monetary-driven precious metals outperform major base metals

Gold stocks hit by plunging equities markets

Gold stocks down as metal and equities momentum fades

Another Kazatomprom guidance announcement shakes uranium price

Major monetary drivers still supporting gold