Chinese domestic CRC market moves on rising trend

Wednesday, 13 January 2016 14:13:12 (GMT+3)   |   Shanghai
       

During the week ending January 13, average cold rolled prices in the Chinese domestic market have mostly indicated a rising trend, while transaction activity in the overall market has been at decent levels. Average cold rolled coil (CRC) prices in the local Chinese market are presented in the following table.

During the given week, cold rolled producers have received plenty of orders from the downstream automotive industry, providing support for the upward movement of CR product prices. In the given week, producers decreased deliveries of cold rolled coil (CRC), while they increased their deliveries of cold rolled sheet (CRS), resulting in some fluctuations of prices during the week. It is thought that cold rolled product prices in the Chinese domestic market will likely move sideways in the coming week. 
 
Product name Spec. Category 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 2,880 438 110
Tianjin Tangshan Steel 2,600 406 100
Lecong MaSteel 2,770 421 170
Average  - 2,750 418 40
Thin CRS 1.0 mm x 1,250mm x 2,500 mm ST12 Shanghai Anshan Steel 2,730 415 30
Tianjin Anshan Steel 2,910 442 250
Lecong Anshan Steel 2,630 400 30
Average  - 2,757 419 103
 
 
All prices are ex-warehouse and include 17 percent VAT.
 
$1 = RMB 6.58


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