As of September 26, average cold rolled coil (CRC) prices in the Chinese domestic market edge down on week-on-week basis, while transaction activity in the overall market has been at low levels. Average cold rolled product prices in the local Chinese market are presented in the following table.
During the given week, ferrous metal futures prices have edged down, exerting a negative impact on CRC prices. As end of the month and National Day holiday (October 1-7) approach, traders have been willing to sell at lower prices to bring in cash ahead of the holiday. It is expected that CRC prices in the Chinese domestic market will move sideways in the coming week.
Product name |
Spec. |
Quality |
City |
Steel plant/origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Thin CRC |
1.0 mm x 1,250 mm x C |
ST12 |
Shanghai |
MaSteel |
4,860 |
707 |
↓20 |
Tianjin |
Tangshan Steel |
4,860 |
707 |
↑10 |
|||
Lecong |
MaSteel |
4,890 |
712 |
↓40 |
|||
Average |
- |
4,870 |
709 |
↓17 |
|||
Thin CRS |
1.0 mm x 1,250mm x 2,500 mm |
ST12 |
Shanghai |
Anshan Steel |
4,950 |
721 |
↓100 |
Tianjin |
Anshan Steel |
4,990 |
726 |
0 |
|||
Lecong |
Anshan Steel |
5,060 |
737 |
↑80 |
|||
Average |
- |
5,000 |
728 |
↓7 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = 6.87 RMB