Chinese domestic CRC prices edge up slightly

Wednesday, 24 July 2019 14:51:32 (GMT+3)   |   Shanghai
       

During the week ending July 24, average CRC prices in the Chinese domestic market have edged up slightly, with transaction activity in the overall market being 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, Chinese producers’ outputs of CRC have decreased, providing support for domestic CRC prices, while the demand from downstream users has not seen any improvement. However, market players expect to see better demand in late August and September. It is expected that CRC prices in the Chinese domestic market will move up in the coming week.

Product name

Spec.

Quality

City

Steel plant/origin

Price (RMB/mt)

Price ($/mt)

Change (RMB/mt)

Thin CRC

1.0 mm x 1,250 mm x C

ST12

Shanghai

MaSteel

4,260

619

↑10

Tianjin

Tangshan Steel

4,260

619

↑70

Lecong

MaSteel

4,290

624

↓10

Average

 -

4,270

621

↑23

Thin CRS

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

ST12

Shanghai

Anshan Steel

4,310

626

↑10

Tianjin

Anshan Steel

4,500

654

↑70

Lecong

Anshan Steel

4,350

632

↓10

Average

 -

4,387

638

↑23

 

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

$1 = 6.88 RMB


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