Local Chinese CRC market still on downtrend amid slow activity

Wednesday, 19 June 2013 15:52:51 (GMT+3)   |   Shanghai
During the week ending June 19, cold rolled coil (CRC) prices in the Chinese domestic market have continued to drop down, indicating a slight decline after the sharp decreases seen in the previous week. Average CRC prices in the local Chinese market can be viewed in the SteelOrbis price reports section.

During the past week, transaction activity has been slower than it was before last week's Dragon Boat Festival holiday (June 10-12), as buyers have been wary in their approach to the market. In the post-holiday period, new cold rolled coil supplies have been arriving in the market in large volumes, resulting in greater pressure on prices. As regards the coming period, it is expected that domestic CRC prices will maintain their weak trend.


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