During the week ending May 7, average hot rolled coil (HRC) prices in the Chinese domestic market have been mostly stable, with just a very slight downtick for thin specifications, 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, the financial markets in China declined sharply after the Labor Day holiday (May 1-4), negatively influencing the local HRC market. Market participants are cautious and are willing to sell at lower prices to avoid potential risks. 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 |
4,060 |
601 |
0 |
Tianjin |
Ansteel |
3,930 |
581 |
↓10 |
|||
Lecong |
Liuzhou Steel |
4,050 |
599 |
↑10 |
|||
Average |
- |
4,013 |
594 |
0 |
|||
Thin HRC |
2.75 mm x 1.,250 mm x C |
Q23 5B |
Shanghai |
Ansteel |
4,120 |
609 |
0 |
Tianjin |
Tangshan Steel |
4,040 |
598 |
↓10 |
|||
Lecong |
Lianyuan Steel |
4,110 |
608 |
↓10 |
|||
Average |
- |
4,090 |
605 |
↓7 |
13 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.76
