Local Chinese HRC prices move on rising trend

Tuesday, 12 February 2019 16:32:20 (GMT+3)   |   Shanghai
       

During the week ending February 12, average hot rolled coil (HRC) prices in the Chinese domestic market have moved up, 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.  

Following the long China New Year holiday, HRC futures prices have risen at Shanghai Futures Exchange (SHFE), exerting a positive impact on the domestic HRC market, while sentiment in the market is positive. However, demand has not seen any significant improvement as some market participants are still on holiday. It is thought that HRC prices in the Chinese domestic market will continue to increase in the coming week.  

Product Name

Spec.

Quality

City

Steel Plant/Origin

Price (RMB/mt)

Price ($/mt)

Change (RMB/mt)

(29.01.2019)

Medium HRC

5.75 mm x 1,500 mm x C

Q235B/SS400

Shanghai

Ansteel

3,830

565

↑80

Tianjin

Ansteel

3,810

562

↑70

Lecong

Liuzhou Steel

3,830

565

↑50

Average

-

3,824

564

↑67

Thin HRC

2.75 mm x 1.,250 mm x C

Q23 5B

Shanghai

Ansteel

3,920

578

↑80

Tianjin

Tangshan Steel

3,910

577

↑70

Lecong

Lianyuan Steel

3,930

580

↑50

Average

-

3,920

578

↑6

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

$1 = RMB 6.78


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