During the week ending April 16, average hot rolled coil (HRC) prices in the Chinese domestic market have increased slightly, while activity in the market has been at medium 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 increased except on April 16, exerting a positive impact on HRC prices in the domestic spot market. Currently, HRC inventories have been at relatively low levels, bolstering HRC prices. Meanwhile, demand for HRC has improved. It is thought that HRC prices in the Chinese domestic market will likely move up further 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 |
4,010 |
598 |
↑30 |
|
Tianjin |
Ansteel |
3,950 |
589 |
0 |
|||
|
Lecong |
Liuzhou Steel |
4,000 |
596 |
↑30 |
|||
|
Average |
- |
3,987 |
594 |
↑20 |
|||
|
Thin HRC |
2.75 mm x 1.,250 mm x C |
Q23 5B |
Shanghai |
Ansteel |
4,100 |
611 |
↑30 |
|
Tianjin |
Tangshan Steel |
4,080 |
608 |
0 |
|||
|
Lecong |
Lianyuan Steel |
4,050 |
604 |
↑20 |
|||
|
Average |
- |
4,077 |
608 |
↑17 |
13 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.71