CHINA HRC: Trading activity slows following NDRC comments

摘要

Chinese hot-rolled coil prices rose on Thursday March 25, but trading activity slowed in the afternoon after China’s National Development & Reform Commission (NDRC) said that that there was no basis for bulk commodity prices to increase in the long term. ? Eastern China (Shanghai): 5,110-5,130 yuan ($784-787) per tonne, up 50-60 yuan per tonne Spot sellers raised their prices after HRC futures strengthened in the morning, but trading activity fell in the afternoon after local media reported the NDRC as saying that there had not been any change in the supply-demand dynamics of bulk commodities to cause prices to increase. The commission was responding to talk of a global inflation in the market.