21
Jul
12:31
HRC futures lag behind rebar on inventory divergence
Amid continuing volatility, Chinese hot rolled coil futures once again lagged behind rebar due to weekly inventory changes, which confirmed the relative weakness of the former's demand recovery, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 1/t higher than Wednesday at CNY 3,831/t ($568/t), and the same contract for HRC closed down CNY 11/t at CNY 3,810/t.
Rebar inventories expanded th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous