During the week ending July 31, 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) have increased, while HRC supplies in the domestic market have been on the tight side, with these factors providing support for HRC prices. However, purchases by downstream users have been slacker compared to the previous week. It is expected that HRC prices in the Chinese domestic market will move sideways in the coming week.
|
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 |
4,420 |
647 |
↑10 |
|
Tianjin |
Ansteel |
4,250 |
622 |
↑50 |
|||
|
Lecong |
Liuzhou Steel |
4,320 |
633 |
↑50 |
|||
|
Average |
- |
4,330 |
634 |
↑37 |
|||
|
Thin HRC |
2.75 mm x 1.,250 mm x C |
Q235B |
Shanghai |
Ansteel |
4,370 |
640 |
↑30 |
|
Tianjin |
Tangshan Steel |
4,360 |
638 |
↑50 |
|||
|
Lecong |
Lianyuan Steel |
4,420 |
647 |
↑50 |
|||
|
Average |
- |
4,383 |
642 |
↑43 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.83