During the week ending February 16, average hot rolled coil (HRC) prices in the Chinese domestic market have indicated a slight uptrend, while transaction activity in the overall market has been at low levels. Average HRC prices in the local Chinese market are presented in the following table.
During the given week, HRC futures prices in China have moved on a rising trend, providing some support for spot market prices. Traders are gradually returning to the market, but are mostly just renewing contact with customers. It is thought that HRC prices in the Chinese domestic market will likely edge up in the coming week as bullish sentiment prevails in the market.
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 |
2,030 |
312 |
↑30 |
Tianjin |
Tangshan Steel |
1,950 |
300 |
↑20 |
|||
Lecong |
Liuzhou Steel |
2,080 |
320 |
↑10 |
|||
Average |
- |
2,020 |
310 |
↑20 |
|||
Thin HRC |
2.75 mm x 1.,250 mm x C |
Q235B |
Shanghai |
Tangshan Steel |
2,050 |
315 |
↑30 |
Tianjin |
Tangshan Steel |
2,020 |
310 |
↑20 |
|||
Lecong |
Lianyuan Steel |
2,170 |
333 |
0 |
|||
Average |
- |
2,080 |
320 |
↑16 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.51