During the week ending June 5, average cold rolled coil (CRC) prices in the Chinese domestic market have moved down, while transaction activity in the overall market has been at low-to-medium levels. Average cold rolled product prices in the local Chinese market are presented in the following table.
During the given week, steelmakers have met difficulties in receiving orders and had to lower prices to attract traders’ interest. Meanwhile, the demand for CRC has been slack, exerting a negative impact on CRC prices. At the same time, ferrous metal futures prices have seen downward corrections, also negatively affecting CRC prices. It is thought that CRC prices will continue to edge down 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 |
4,220 |
611 |
↓40 |
Tianjin |
Tangshan Steel |
4,070 |
589 |
↓100 |
|||
Lecong |
MaSteel |
4,230 |
612 |
↓90 |
|||
Average |
- |
4,173 |
604 |
↓77 |
|||
Thin CRS |
1.0 mm x 1,250mm x 2,500 mm |
ST12 |
Shanghai |
Anshan Steel |
4,370 |
632 |
↓10 |
Tianjin |
Anshan Steel |
4,210 |
609 |
↓100 |
|||
Lecong |
Anshan Steel |
4,340 |
628 |
↓130 |
|||
Average |
- |
4,307 |
623 |
↓80 |
13 percent VAT is included in all prices and all prices are ex↓warehouse.
$1 = 6.91 RMB