Local Chinese HRC prices move on upward trend

Tuesday, 29 January 2019 14:32:30 (GMT+3)   |   Shanghai
       

During the week ending January 29, average hot rolled coil (HRC) prices in the Chinese domestic market have edged up, while activity in the market has been at low levels. Average HRC prices in the local Chinese market are presented in the following table.  

During the given week, Chinese HRC producers have increased their offer prices, which exerted a positive impact on the domestic HRC market. Since the Chinese New Year holiday (February 2-10) is approaching, transaction activities in the market have been quiet. It is expected that HRC prices in the Chinese domestic market will move sideways in the coming period.

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

3,750

557

↑40

Tianjin

Ansteel

3,740

556

↑90

Lecong

Liuzhou Steel

3,780

562

0

Average

-

3,757

558

↑43

Thin HRC

2.75 mm x 1.,250 mm x C

Q23 5B

Shanghai

Ansteel

3,840

571

↑60

Tianjin

Tangshan Steel

3,840

571

↑60

Lecong

Lianyuan Steel

3,880

577

0

Average

-

3,853

573

↑40

 

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

$1 = RMB 6.73


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