In the week ending September 22, average hot rolled coil (HRC) prices in the Chinese domestic market have indicated a declining trend, while transaction activity in the overall market has remained at low levels. Average HRC prices in the local Chinese market are presented in the following table.
During the given week, large HRC traders in China have been selling less than 1,000 mt per day, with medium-size and small traders selling just around 300-500 mt per day. Since the Mid-Autumn Festival (September 26-27) and National Day Holiday (October 1-7) are approaching, most traders will try to lower their inventory levels in order to avoid risks. It is thought that HRC prices in the Chinese domestic market will likely move on a stable trend in the coming week as there will only be three working days.
| Product Name | Spec. | Category | 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 | Tangshan Steel | 1,910 | 300 | ↓10 |
| Tianjin | Tangshan Steel | 1,970 | 309 | ↓30 | |||
| Lecong | Liuzhou Steel | 2,020 | 317 | ↓60 | |||
| Average | - | 1,966 | 309 | ↓33 | |||
| Thin HRC | 2.75 mm x 1.,250 mm x C | Q235B | Shanghai | Tangshan Steel | 2,080 | 327 | ↓30 |
| Tianjin | Tangshan Steel | 2,120 | 333 | 0 | |||
| Lecong | Lianyuan Steel | 2,200 | 345 | ↓60 | |||
| Average | - | 2,133 | 335 | ↓30 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.37