During the week ending June 18, average hot rolled coil (HRC) prices in the Chinese domestic market have moved down compared to the previous week, 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 Futures Exchange (SHFE) have edged down, exerting a negative impact on HRC prices in spot market. Meanwhile, it has entered into the plum rain season in Yangtze River Delta, slackening the demand for HRC from downstream users. At the same time, there will be more HRC resources arriving at the market in the near future. It is expected that HRC prices in the Chinese domestic market will move on a soft trend 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 |
3,750 |
541 |
↓70 |
Tianjin |
Ansteel |
3,750 |
541 |
↓50 |
|||
Lecong |
Liuzhou Steel |
3,850 |
556 |
↓10 |
|||
Average |
- |
3,783 |
546 |
↓43 |
|||
Thin HRC |
2.75 mm x 1.,250 mm x C |
Q23 5B |
Shanghai |
Ansteel |
3,850 |
556 |
↓80 |
Tianjin |
Tangshan Steel |
3,850 |
556 |
↓70 |
|||
Lecong |
Lianyuan Steel |
3,930 |
567 |
↓10 |
|||
Average |
- |
3,877 |
559 |
↓53 |
13 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.93
