Chinese domestic CRC prices edge down

Wednesday, 26 September 2018 17:33:11 (GMT+3)   |   Shanghai
       

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


Similar articles

Flat steel prices in local Taiwanese market - week 13, 2024

28 Mar | Flats and Slab

Ex-India HDG and CRC prices edge down, trade remains in doldrums

28 Mar | Flats and Slab

Ex-China CRC offer prices fail to recover amid futures price drop

27 Mar | Flats and Slab

CRC consumption in Mexico up 23.4 percent in January

26 Mar | Steel News

CRC import price offers stable in Brazil

25 Mar | Flats and Slab

Indian CRC prices stable amid thin trading and negative manufacturing outlook

25 Mar | Flats and Slab

Stocks of main finished steel products in China down 0.6 percent in mid-March

25 Mar | Steel News

US flats source believe HRC prices are “at or near the bottom”

22 Mar | Flats and Slab

Romania’s sole flats mill cuts HRC prices, raises HDG and PPGI prices

22 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 12, 2024

21 Mar | Flats and Slab