Chinese domestic CRC prices increase

Wednesday, 30 January 2019 17:00:57 (GMT+3)   |   Shanghai
       

During the week ending January 30, average cold rolled coil (CRC) prices in the Chinese domestic market have edged up, 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, import iron ore prices have moved up significantly due to the dam collapse in Brazil, providing support for CRC prices from the cost side. However, demand has been quiet as most market players have left the market ahead of the Chinese New Year holiday (February 2-10). It is expected that CRC prices in the Chinese domestic market will move sideways in the coming week and will move upwards after the holiday. 

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

4,180

622

↑30

Tianjin

Tangshan Steel

4,170

621

↑10

Lecong

MaSteel

4,290

638

↑20

Average

 -

4,213

627

↑20

Thin CRS

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

ST12

Shanghai

Anshan Steel

4,270

635

↑50

Tianjin

Anshan Steel

4,420

658

↑10

Lecong

Anshan Steel

4,340

646

↑20

Average

 -

4,343

646

↑27

 

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

$1 = 6.72 RMB


Most Recent Related Articles

Some Izmir-based Turkish mills further reduce ship scrap purchase prices

CEBID: Turkish steel pipe output expected to increase in 2020

Japan's new ship export orders fall in 2019

Domestic rebar prices in Taiwan - week 4

Taiwan’s basic metal export orders down 14.6 percent in 2019