During the week ending November 28, average hot rolled coil (HRC) prices in the Chinese domestic market have risen slightly, while transaction 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 in China have increased, exerting a positive impact on HRC prices in the domestic spot market, while boosting sentiment in the market. Meanwhile, HRC inventories are at low levels and supply of thin specifications is foreseen to remain tight in the coming period. It is thought that HRC prices in the Chinese domestic market will likely move sideways in the week ahead.
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 |
4,120 |
624 |
↑20 |
Tianjin |
Ansteel |
4,140 |
627 |
↑20 |
|||
Lecong |
Liuzhou Steel |
4,270 |
647 |
↑40 |
|||
Average |
- |
4,177 |
633 |
↑27 |
|||
Thin HRC |
2.75 mm x 1.,250 mm x C |
Q235B |
Shanghai |
Ansteel |
4,360 |
661 |
↑40 |
Tianjin |
Tangshan Steel |
4,280 |
648 |
0 |
|||
Lecong |
Lianyuan Steel |
4,420 |
670 |
↑60 |
|||
Average |
- |
4,353 |
660 |
↑33 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.60