Chinese domestic CRC prices edge up slightly

Wednesday, 23 January 2019 16:18:51 (GMT+3)   |   Shanghai
       

During the week ending January 23, average cold rolled coil (CRC) prices in the Chinese domestic market have moved up slightly, while transaction activity in the overall market has been at low-to-medium levels. Average cold rolled product prices in the local Chinese market are presented in the following table. 

During the given week, HRC futures prices at Shanghai Futures Exchange (SHFE) have rebounded, exerting a positive impact on the domestic CRC market. Demand for CRC has been slack due to the approach of the Chinese New Year holiday (February 2-10), though certain traders have been seeking to build up some stocks 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

4,150

611

↑30

Tianjin

Tangshan Steel

4,160

613

↑40

Lecong

MaSteel

4,270

629

↑20

Average

 -

4,193

618

↑30

Thin CRS

1.0 mm x 1,250mm x 2,500 mm

ST12

Shanghai

Anshan Steel

4,220

622

↑40

Tianjin

Anshan Steel

4,410

649

↑40

Lecong

Anshan Steel

4,320

636

↑20

Average

 -

4,317

636

↑33

 

16 percent VAT is included in all prices and all prices are ex-warehouse.

$1 = 6.79 RMB


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