During the week ending December 18, the Chinese domestic cold rolled coil (CRC) market has mostly moved on a sideways trend. Average CRC prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
Demand in the local Chinese CRC market has improved, while prices have remained at relatively low levels. On the one hand, some traders are seeking to sell off inventories to avoid tightness of liquidity towards the end of year. On the other hand, other traders are maintaining a wait-and-see stance and hope to raise their CRC prices. As regards the coming week, it is thought that Chinese domestic CRC prices may indicate a slight rebound, though the upward movement will be limited by the increase observed on the supply side.