In the week ending June 9, average hot rolled coil (HRC) prices in the Chinese domestic market have indicated a downward movement, while transaction activity in the overall market has been slack. Average HRC prices in the local Chinese market are presented in the table below.
During the given week, although inventories in the market have been at low levels - with some specifications in short supply - as several HRC producers have been carrying out maintenance works this month, HRC prices have still indicated gradual decreases. Meanwhile, bearish sentiment prevails among traders, contributing to slack purchasing activity. It is expected that HRC prices in the Chinese domestic market will indicate a slight downtrend in the coming week.
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 |
2,360 |
380 |
↓20 |
Tianjin |
Tangshan Steel |
2,340 |
377 |
↓40 |
|||
Lecong |
Liuzhou Steel |
2,480 |
399 |
↓10 |
|||
Average |
- |
2,393 |
385 |
↓23 |
|||
Thin HRC |
2.75 mm x 1.,250 mm x C |
Q235B |
Shanghai |
Tangshan Steel |
2,430 |
391 |
↓30 |
Tianjin |
Tangshan Steel |
2,500 |
403 |
↓70 |
|||
Lecong |
Lianyuan Steel |
2,600 |
419 |
0 |
|||
Average |
- |
2,510 |
404 |
↓33 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.21