During the week ending December 6, average hot rolled coil (HRC) prices in the Chinese domestic market have indicated an upward trend, while transaction activity in the overall market has improved and is now at medium levels. Average HRC prices in the local Chinese market are presented in the following table.
During the given week, inventory levels of HRC in spot market has been lower compared to the previous week, providing support for domestic HRC prices. Due to environmental protection measures in northern China, steelmakers in the region have been required to limit their production activities. Meanwhile, the steel futures market has indicated sharp fluctuations, influencing HRC prices in the spot market. It is thought that in the coming week HRC prices in the Chinese domestic market may move on a stable trend or may indicate a slight uptrend if supported by the trend of the steel futures market.
| Product Name | Spec. | Category | 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 | 3,610 | 525 | ↑60 |
| Tianjin | Ansteel | 3,560 | 517 | ↑80 | |||
| Lecong | Liuzhou Steel | 3,720 | 541 | ↓30 | |||
| Average | - | 3,630 | 528 | ↑37 | |||
| Thin HRC | 2.75 mm x 1.,250 mm x C | Q235B | Shanghai | Ansteel | 3,900 | 567 | ↑260 |
| Tianjin | Tangshan Steel | 3,800 | 552 | ↑110 | |||
| Lecong | Lianyuan Steel | 3,800 | 552 | ↓30 | |||
| Average | - | 3,833 | 557 | ↑113 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.88