Local Chinese HRC prices edge up slightly

Tuesday, 21 May 2019 16:25:07 (GMT+3)   |   Shanghai
       

As of May 21, average hot rolled coil (HRC) prices in the Chinese domestic market have risen slightly on week-on-week basis, 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, domestic HRC softened first but subsequently increased and are now slightly higher compared to one week ago. Inventories in the HRC market have been decreasing gradually, which will provide support for HRC prices. However, supplies arriving in the market are expected to increase in the near future. It is expected that HRC prices in the Chinese domestic market will fluctuate within a limited range 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

580

↑10

Tianjin

Ansteel

3,910

566

↑10

Lecong

Liuzhou Steel

3,990

577

↑10

Average

-

3,970

575

↑10

Thin HRC

2.75 mm x 1.,250 mm x C

Q23 5B

Shanghai

Ansteel

4,090

592

↑10

Tianjin

Tangshan Steel

3,990

577

↓20

Lecong

Lianyuan Steel

4,070

589

↑30

Average

-

4,050

586

↑7

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

$1 = RMB 6.91 


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