During the week ending August 7, average hot rolled coil (HRC) prices in the Chinese domestic market have increased slightly for thick specifications, though seeing slight declines for thin specifications, 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, HRC futures prices at Shanghai Future Exchange (SHFE) have increased, exerting a positive impact on the domestic HRC market where sentiment is upbeat. However, demand has not shown any significant improvement. 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 |
4,430 |
694 |
↑10 |
|
Tianjin |
Ansteel |
4,270 |
669 |
↑20 |
|||
|
Lecong |
Liuzhou Steel |
4,330 |
679 |
↑10 |
|||
|
Average |
- |
4,343 |
681 |
↑13 |
|||
|
Thin HRC |
2.75 mm x 1.,250 mm x C |
Q235B |
Shanghai |
Ansteel |
4,370 |
685 |
0 |
|
Tianjin |
Tangshan Steel |
4,370 |
685 |
↑10 |
|||
|
Lecong |
Lianyuan Steel |
4,400 |
690 |
↓20 |
|||
|
Average |
- |
4,380 |
687 |
↓3 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.83