During the week ending March 21, average hot rolled coil (HRC) prices in the Chinese domestic market have indicated slight fluctuations, with slight decreases for thick specifications and minor upticks for thin specifications, while transaction activity in the overall market is currently at medium levels. Average HRC prices in the local Chinese market are presented in the following table.
During the given week, the small decreases seen in HRC futures prices in China have exerted a negative impact on HRC prices in the Chinese domestic market. Meanwhile, the recent increases in arrivals of new supplies in the market have also had some negative influence on domestic HRC prices. As for the coming week, liquidity is expected to be tighter approaching the end of the month, while it is expected that HRC prices in the Chinese domestic market will continue their fluctuating trend, with both slight upticks and downticks in prices likely.
| Product Name | Spec. | Quality | City | Steel Plant/Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Medium HRC | 5.75 mm x 1,500 mm x C | Q235B/SS400 | Shanghai | Ansteel | 3,620 | 525 | ↑20 |
| Tianjin | Ansteel | 3,640 | 528 | ↓30 | |||
| Lecong | Liuzhou Steel | 3,730 | 541 | 0 | |||
| Average | - | 3,663 | 531 | ↓3 | |||
| Thin HRC | 2.75 mm x 1.,250 mm x C | Q235B | Shanghai | Ansteel | 3,830 | 555 | ↑120 |
| Tianjin | Tangshan Steel | 3,710 | 538 | ↓30 | |||
| Lecong | Lianyuan Steel | 3,790 | 549 | ↓50 | |||
| Average | - | 3,776 | 547 | ↑13 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.90