CHINA HRC: Prices rebound on optimistic sentiment for new year economy

摘要

China’s hot-rolled coil prices rebounded on Friday January 15 after the futures market rallied, with sources saying that market participants are optimistic on the economic outlook for the new year. - Eastern China (Shanghai): 4,550-4,560 yuan ($704-705) per tonne, up 20-30 yuan per tonne - Northern China (Tangshan) - weekly assessment: 4,360-4,410 yuan per tonne, down 40 yuan per tonne Trading activity picked up on Friday amid price gains, several Shanghai-based traders told Fastmarkets. Sellers there were able to win deals at higher prices on improved sentiment after the futures market rallied.