During the week ending April 26, average hot rolled coil (HRC) prices in the Chinese domestic market have continued their rising trend, while transaction activity in the overall market has slackened, though remaining at decent levels. Average HRC prices in the local Chinese market are presented in the following table.
During the given week, sharp rises in HRC futures prices in China have provided support for the ongoing upward movement of HRC prices in the Chinese domestic spot market. In the first part of the given week, transaction activity was at very good levels amid the uptrend of prices, while in the latter part of the given week buyers started to show greater caution as some fluctuations began to be seen in HRC futures prices. It is thought that HRC prices in the Chinese domestic market will likely move sideways 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 |
3,080 |
475 |
↑140 |
Tianjin |
Tangshan Steel |
3,160 |
487 |
↑200 |
|||
Lecong |
Liuzhou Steel |
3,050 |
470 |
↑120 |
|||
Average |
- |
3,097 |
477 |
↑153 |
|||
Thin HRC |
2.75 mm x 1.,250 mm x C |
Q235B |
Shanghai |
Tangshan Steel |
3,100 |
478 |
↑70 |
Tianjin |
Tangshan Steel |
3,270 |
504 |
↑250 |
|||
Lecong |
Lianyuan Steel |
3,220 |
496 |
↑170 |
|||
Average |
- |
3,197 |
493 |
↑163 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.49