During the week ending September 14, average prices of Chinese domestic cold rolled coil (CRC) has remained stable compared to previous week, though prices have seen various trends in different regions, while transaction activity in the overall market has been at low levels. Average cold rolled product prices in the local Chinese market are presented in the table below..
During the given week, the downtrend in ferrous metal futures prices has exerted a negative impact on CRC prices, though in different regions the prices have seen various trends. Meanwhile, the Mid-Autumn Day holiday (September 15-18) is approaching, slackening demand for CRC. It is thought that CRC prices in the Chinese domestic market will 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 | 3,450 | 517 | ↓30 |
Tianjin | Tangshan Steel | 3,460 | 519 | ↑40 | |||
Lecong | MaSteel | 3,460 | 519 | ↓10 | |||
Average | - | 3,457 | 518 | 0 | |||
Thin CRS | 1.0 mm x 1,250mm x 2,500 mm | ST12 | Shanghai | Anshan Steel | 3,510 | 526 | ↑10 |
Tianjin | Anshan Steel | 3,750 | 562 | ↑50 | |||
Lecong | Anshan Steel | 3,510 | 526 | ↓60 | |||
Average | - | 3,590 | 538 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = 6.67 RMB