During the week ending January 11, the Chinese domestic cold rolled coil (CRC) market has indicated a slight rising trend, while transaction activity in the overall market has been better than in the previous week and is currently at low-to-medium levels. Average cold rolled product prices in the local Chinese market are presented in the following table.
During the given week, average CRC prices have moved on a slight rising trend. Most buyers believe that domestic CRC prices are at relatively high levels after previous significant increases and are unwilling to purchase at these price levels. Accordingly, they mostly prefer to maintain a wait-and-see stance. As the current peak season for the automotive and home appliance sectors may not continue after the Chinese New Year holiday, it is unclear whether CRC prices can remain at such high levels. It is thought that CRC prices in the Chinese domestic market will likely move sideways in the coming week.
| Product name | Spec. | Quality | City | Steel plant/origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
| Thin CRC | 1.0 mm x 1,250 mm x C | ST12 | Shanghai | MaSteel | 4,880 | 704 | 0 |
| Tianjin | Tangshan Steel | 4,520 | 652 | ↑90 | |||
| Lecong | MaSteel | 4,800 | 693 | 0 | |||
| Average | - | 4,733 | 683 | ↑30 | |||
| Thin CRS | 1.0 mm x 1,250mm x 2,500 mm | ST12 | Shanghai | Anshan Steel | 4,860 | 701 | ↑10 |
| Tianjin | Anshan Steel | 5,150 | 743 | 0 | |||
| Lecong | Anshan Steel | 4,800 | 693 | 0 | |||
| Average | - | 4,936 | 712 | ↓3 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = 6.93 RMB