Chinese domestic CRC prices increase

Wednesday, 10 April 2019 16:11:50 (GMT+3)   |   Shanghai
       

During the week ending April 10, average cold rolled coil (CRC) prices in the Chinese domestic market have moved up, while transaction activity in the overall market has been at medium 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 in China have risen significantly, providing solid support for domestic CRC prices. However, following the rapid rises in CRC prices, market players have been more cautious and have not been eager to conclude purchases at the higher price levels. It is thought that CRC prices will likely fluctuate within a limited range around the current high levels 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

4,360

649

↑20

Tianjin

Tangshan Steel

4,370

650

↑60

Lecong

MaSteel

4,470

665

↑30

Average

 -

4,400

655

↑37

Thin CRS

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

ST12

Shanghai

Anshan Steel

4,520

673

↑40

Tianjin

Anshan Steel

4,520

673

↑60

Lecong

Anshan Steel

4,660

693

0

Average

 -

4,567

680

↑33

 

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

$1 = 6.72 RMB


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