During the week ending February 3, average cold rolled prices in the Chinese domestic market have moved on a stable trend, while transaction activity in the overall market has been at low levels. Average cold rolled coil (CRC) prices in the local Chinese market are presented in the following table.
During the given week, most downstream users have exited the market ahead of the Chinese New Year holiday (February 8-14), resulting in quiet transaction activity. It is expected that local CRC prices will continue their stable trend ahead of the holiday, though they will likely indicate a slight uptrend after the holiday as sentiment is upbeat as regards the prospects for the post-holiday market.
| 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 | 2,850 | 433 | 0 |
| Tianjin | Tangshan Steel | 2,650 | 403 | 0 | |||
| Lecong | MaSteel | 2,770 | 421 | 0 | |||
| Average | - | 2,757 | 419 | 0 | |||
| Thin CRS | 1.0 mm x 1,250mm x 2,500 mm | ST12 | Shanghai | Anshan Steel | 2,690 | 409 | 0 |
| Tianjin | Anshan Steel | 3,020 | 459 | 0 | |||
| Lecong | Anshan Steel | 2,630 | 400 | 0 | |||
| Average | - | 2,780 | 422 | 0 |
All prices are ex-warehouse and include 17 percent VAT.
$1 = RMB 6.58