During the week ending August 10, the Chinese domestic cold rolled coil (CRC) market has continued its rising trend, 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 following table.
During the given week, the rising trend of ferrous metal futures prices in China has provided support for CRC prices in the domestic spot market. Bullish sentiment continues to prevail in the CRC market, exerting a positive impact on the price trend. It is thought that CRC prices in the Chinese domestic market will likely edge up 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 | 3,200 | 483 | ↑50 |
| Tianjin | Tangshan Steel | 3,150 | 475 | ↑80 | |||
| Lecong | MaSteel | 3,300 | 498 | ↑120 | |||
| Average | - | 3,217 | 485 | ↑83 | |||
| Thin CRS | 1.0 mm x 1,250mm x 2,500 mm | ST12 | Shanghai | Anshan Steel | 3,270 | 493 | ↑10 |
| Tianjin | Anshan Steel | 3,500 | 528 | ↑70 | |||
| Lecong | Anshan Steel | 3,450 | 520 | ↑20 | |||
| Average | - | 3,407 | 514 | ↑33 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = 6.63 RMB