During the week ending June 19, average CRC prices in the Chinese domestic market have moved down, 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, CRC prices have moved down as market participants have mostly held a pessimistic view of the prospects for the future market trend. Currently, inventories in the CRC market are at relatively low levels, which will ease the downward pressure on CRC prices. It is expected that CRC prices in the Chinese domestic market will edge down slightly 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 |
4,120 |
597 |
↓60 |
|
Tianjin |
Tangshan Steel |
4,020 |
583 |
↓80 |
|||
|
Lecong |
MaSteel |
4,160 |
603 |
↓30 |
|||
|
Average |
- |
4,100 |
594 |
↓57 |
|||
|
Thin CRS |
1.0 mm x 1,250mm x 2,500 mm |
ST12 |
Shanghai |
Anshan Steel |
4,280 |
620 |
↓100 |
|
Tianjin |
Anshan Steel |
4,230 |
613 |
↓80 |
|||
|
Lecong |
Anshan Steel |
4,250 |
616 |
↓60 |
|||
|
Average |
- |
4,253 |
616 |
↓80 |
13 percent VAT is included in all prices and all prices are ex↓warehouse.
$1 = 6.90 RMB