China HR sheet/coil daily recap September 30
On Friday, most traders stopped quoting prices in the Shanghai hot rolled sheet and coil (HRS&C) market due to the upcoming holiday.
5.75mm*1500*C SS400 was steady at RMB 3150/ton ($388), 2.75mm*1250*C SPHC was stable at RMB 3800/ton ($469), and
Thailand origin 1.8mm*1250*C SPHC was RMB 4100/ton ($506).
For details, please see the following:
Medium HRS&C* In the morning, most medium and smallscale traders made no price quotations, while some leading traders still kept their prices stable. Prices of Tangshan Steel and Benxi Steels 5.5-11.5mm SS400 products were in the range of RMB 3150-3200/ton ($388-395).
Shagangs 5.5mm*1250*C Q235B was stable at RMB 3130/ton ($386).
A majority of traders stopped doing business in the afternoon. There was a distinct lack of activity today.
Notable prices remained unchanged: Lianyuan Steel 5.5-7.5mm Q235B was RMB3150/ton ($388), Benxi Steel 4.75-7.5mm SS400 was RMB 3150/ton ($388), and Tangshan Steel 5.75-11.5mm SS400 was RMB 3150/ton ($388).
Thin HRS&C** Prices of thin products remained unchanged. Notable prices were Zhujiang Steel 1.5mm ZJ330B (Finished Coils) at RMB 4200/ton ($518). Zhujiang Steel 1.75mm ZJ330B (Finished Coils) at RMB 4050/ton ($499), and Zhujiang Steel 1.85mm ZJ330B (Finished Coils) at RMB 3900/ton ($481).
Prices of Shanghai No.1 Steel Plant, Meishan Steel and Lianyuan Steels products also showed no changes Shanghai No.1 Steel Plants 2.75mm SPHC was at 3800/ton ($469); Meishan Steels 2.75mm SPHC was at RMB 3800/ton ($469) and 2.75mm Q235B was RMB 3700/ton ($456); Lianyuan Steel 2.0mm Q235B was RMB 3980/ton ($491).
Prices of imported products were unchanged. For products imported from
Thailand and
Malaysia, 1.8mm SPHC was RMB 4100/ton ($506) and 2.0mm SPHC was RMB 4000/ton ($493).
MMK (
Russia) 2.0mm 08YU was at RMB 4000/ton ($493) and 1.8mm08YU was RMB 4150/ton ($512).
* For coil which has no indication of width and length, it is regarded as 1500*C
** For coil which has no indication of width and length, it is regarded as 1250*C
SteelOrbis Shanghai