With supplies of thin HRC specifications on the short side in the past week, prices of the materials in question have risen by very slight margins. Meanwhile, declines in HRC futures prices have exerted negative pressure on the HRC spot market, though any decreases in spot market prices have been limited due to the lower volumes of supplies arriving in the market. As for the coming week, it is expected that HRC prices in the Chinese domestic market will see minor fluctuations. However, if demand from downstream industries shows an improvement, local HRC prices may start to move up.
Declining futures prices impact local Chinese HRC spot market
During the week ending June 3, hot rolled coil (HRC) prices in the Chinese domestic market have just indicated very slight fluctuations, while transaction activity has remained at low levels. Average HRC prices in the local Chinese market can be viewed in the SteelOrbis price reports.
Marketplace Offers
Hot Rolled Coil
Thickness
2 mm
Width
1,500 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.
Hot Rolled Coil
Thickness
2.5 mm
Width
1,200 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.
Hot Rolled Coil
Thickness
2.5 mm
Width
1,000 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.