CHINA HRC: Overseas buyers seeking position cargoes amid high export offers

China's domestic hot-rolled coil prices were largely stable on Thursday August 13, while overseas buyers have started to seek out cheaper position cargoes.

Domestic
Eastern China (Shanghai): 4,040-4,060 yuan ($582-585) per tonne, widening upward by 10 yuan per tonne
Several Shanghai-based traders said transaction prices of 4,040-4,050 yuan per tonne were the most dominant during the day, the same as a day earlier.

But a few sellers were able to secure orders at 4,060 yuan per tonne in the afternoon amid rising futures....

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