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


Similar articles

Flat steel prices in local Taiwanese market - week 13, 2024

28 Mar | Flats and Slab

European HRC prices keep falling, demand still shows signs of fatigue

28 Mar | Flats and Slab

Vietnam’s Hoa Phat and Formosa seek AD investigation on Chinese HRC

28 Mar | Steel News

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

UAE’s HRC market still sluggish, offers from India fall slightly

27 Mar | Flats and Slab

Import HRC prices in Vietnam retreat again due to slump in China

27 Mar | Flats and Slab

Vietnam’s Hoa Phat produces nine millionth mt of HRC

27 Mar | Steel News

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

HRC consumption in Mexico up 30.6 percent in January

26 Mar | Steel News

Local HRC prices sink further in Turkey

26 Mar | Flats and Slab