HR coil prices in local Chinese markets
The average price of 2.75 mm x 1250 x C thin hot rolled coil in major Chinese markets is up RMB 13/mt today at RMB 3,050/mt ($378)thanks to a sharp increase in Lecong. 5.75 mm x 1500 x C hot rolled coil is down RMB 7/mt at RMB 2,853/mt ($354) in average. Imported 2.0 mm x 1250 x C 08YU is at RMB 3,175/mt ($393) in average. The prices in the major markets are as follows:
Shanghai market
Product Price/mt Daily Change
RMB US$ RMB
Meishan Steel SPHC 2.75mm*1250*C 3,050 378
Tangshan Steel SS400 5.75mm*1500*C 2,860 354 -20
MMK (Russia) 08YU 2.0mm*1250*C 3,150 390
Tianjin market
Product Price/mt Daily Change
RMB US$ RMB
Taiyuan Steel SPHC 2.75mm*1250*C 2,950 366
Tangshan Steel SS400 5.75mm*1500*C 2,750 341
Lecong market
Product Price/mt Daily Change
RMB US$ RMB
Lianyuan Steel SPHC 2.75mm*1250*C 3,150 390
Lianyuan Steel SS400 5.75mm*1500*C 2,950 366
MMK (Russia) 08YU 2.0mm*1250*C 3,200 397
All prices include 17 percent VAT. RMB 8.07 = $1