During the week ending June 12, average hot rolled coil (HRC) prices in the Chinese domestic market have increased, while activity in the market has been at low-to-medium levels. Average HRC prices in the local Chinese market are presented in the following table.
During the given week, HRC futures prices at Shanghai Futures Exchange (SHFE) increased, exerting a positive impact on HRC prices in the domestic spot market. Currently, HRC inventories in the market are at relatively low levels, which provides support for HRC prices. However, demand will likely slacken in the coming period. It is expected that HRC prices in the Chinese domestic market will move sideways in the week ahead.
|
Product Name |
Spec. |
Quality |
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 |
Ansteel |
4,450 |
695 |
↑40 |
|
Tianjin |
Ansteel |
4,250 |
664 |
↑60 |
|||
|
Lecong |
Liuzhou Steel |
4,320 |
675 |
↑40 |
|||
|
Average |
- |
4,340 |
678 |
↑47 |
|||
|
Thin HRC |
2.75 mm x 1.,250 mm x C |
Q235B |
Shanghai |
Ansteel |
4,360 |
681 |
↑40 |
|
Tianjin |
Tangshan Steel |
4,380 |
684 |
↑40 |
|||
|
Lecong |
Lianyuan Steel |
4,390 |
686 |
↑40 |
|||
|
Average |
- |
4,377 |
684 |
↑40 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.40