Local Chinese HRC prices edge up

Tuesday, 30 April 2019 15:03:33 (GMT+3)   |   Shanghai
       

During the week ending April 30, average hot rolled coil (HRC) prices in the Chinese domestic market have risen slightly, 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, demand has been slack due to the approach of the Labor Day holiday (May 1-4), resulting in low-to-medium transaction activity. Currently, inventories in the HRC market have been relatively low, providing support for HRC prices. Meanwhile, in some regions, there have been supply shortages for some specifications, which have also bolstered HRC prices. It is thought that HRC prices in the Chinese domestic market will likely 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

4,060

602

↑40

Tianjin

Ansteel

3,940

585

↓10

Lecong

Liuzhou Steel

4,040

599

↑10

Average

-

4,013

595

↑13

Thin HRC

2.75 mm x 1.,250 mm x C

Q23 5B

Shanghai

Ansteel

4,120

611

↑20

Tianjin

Tangshan Steel

4,050

601

↓30

Lecong

Lianyuan Steel

4,120

611

↑40

Average

-

4,097

608

↑10

 

13 percent VAT is included in all prices and all prices are ex-warehouse.

$1 = RMB 6.74  


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