During the week ending July 18, average hot rolled coil (HRC) prices in the Chinese domestic market have continued their uptrend, while transaction activity in the market has been at medium levels. Average HRC prices in the local Chinese market are presented in the following table.
During the given week, inventory level in hot rolled coil market has decreased, providing certain support to HRC prices. Meanwhile, major steel producers have increased their prices, boosting HRC prices in the spot market. At the same time, steel futures market has seen an overall uptrend, also exerting a positive impact on HRC prices in spot market. It is thought that HRC prices in the Chinese domestic market will likely maintain the uptrend in the coming week.
|
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 |
3,820 |
565 |
↑20 |
|
Tianjin |
Ansteel |
3,760 |
556 |
↑80 |
|||
|
Lecong |
Liuzhou Steel |
3,870 |
572 |
↑110 |
|||
|
Average |
- |
3,817 |
565 |
↑70 |
|||
|
Thin HRC |
2.75 mm x 1.,250 mm x C |
Q235B |
Shanghai |
Ansteel |
3,900 |
577 |
↑250 |
|
Tianjin |
Tangshan Steel |
3,830 |
567 |
↑80 |
|||
|
Lecong |
Lianyuan Steel |
3,930 |
581 |
↑120 |
|||
|
Average |
- |
3,887 |
575 |
↑150 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.76