During the week ending September 13, average hot rolled coil (HRC) prices have indicated an overall downtrend, while transaction activity in the overall market has been slacker than previous week, now at low levels. Average HRC prices in the local Chinese market are presented in the table below.
During the given week, HRC prices in the Chinese domestic market have indicated an overall downtrend, weakening traders' confidence, resulting in low levels of transaction activity in the market. Meanwhile, ferrous metal futures prices have also declined, exerting a negative impact on HRC market. Downstream users have mostly maintained a wait-and-see stance in making purchases. At the same time, since the Mid-Autumn Day Festival (September 15-18) is approaching, demand will be slacker in the coming period. It is thought that HRC prices in the Chinese domestic market will likely edge down slightly in the coming week.
Product Name |
Spec. |
Category |
City |
Steel Plant/Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Medium HRC |
5.75 mm x 1,500 mm x C |
Q235B/SS400 |
Shanghai |
Tangshan Steel |
2,740 |
410 |
↓60 |
Tianjin |
Tangshan Steel |
2,800 |
419 |
↓70 |
|||
Lecong |
Liuzhou Steel |
2,830 |
424 |
↓110 |
|||
Average |
- |
2,790 |
418 |
↓80 |
|||
Thin HRC |
2.75 mm x 1.,250 mm x C |
Q235B |
Shanghai |
Tangshan Steel |
2,910 |
436 |
↓70 |
Tianjin |
Tangshan Steel |
2,860 |
428 |
↓70 |
|||
Lecong |
Lianyuan Steel |
2,930 |
439 |
↓70 |
|||
Average |
- |
2,900 |
434 |
↓70 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.68