Chinese domestic CRC prices increase

Wednesday, 13 February 2019 16:01:44 (GMT+3)   |   Shanghai
       

During the week ending February 13, average cold rolled coil (CRC) prices in the Chinese domestic market have moved up, 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, import iron ore prices for China have indicated big rises, exerting a positive impact on CRC prices in the domestic spot market. Sentiment in the market is upbeat after the long holiday and CRC suppliers are inclined to offer higher prices to test whether buyers will accept. However, some buyers have not returned to the market yet after the holiday. It is expected that CRC prices in the Chinese domestic market will rise slightly in the coming week.

Product name

Spec.

Quality

City

Steel plant/origin

Price (RMB/mt)

Price ($/mt)

Change (RMB/mt)

(30.01.2019)

Thin CRC

1.0 mm x 1,250 mm x C

ST12

Shanghai

MaSteel

4,240

627

↑60

Tianjin

Tangshan Steel

4,200

621

↑30

Lecong

MaSteel

4,340

642

↑50

Average

 -

4,260

630

↑47

Thin CRS

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

ST12

Shanghai

Anshan Steel

4,330

641

↑60

Tianjin

Anshan Steel

4,450

658

↑30

Lecong

Anshan Steel

4,390

649

↑50

Average

 -

4,390

649

↑4

16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = 6.76 RMB


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