During the week ending March 12, average hot rolled coil (HRC) prices in the Chinese domestic market have indicated a slight downtrend, while transaction activity in the overall market is now at medium level. Average HRC prices in the local Chinese market are presented in the following
During the given week, HRC futures prices at Shanghai Futures Exchange (SHFE) have declined, exerting a negative impact on HRC prices in the domestic spot market. Demand for HRC is still in the process of recovering, though market participants expect a better situation in the coming period. 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 |
3,850 |
574 |
0 |
|
Tianjin |
Ansteel |
3,790 |
565 |
↓20 |
|||
|
Lecong |
Liuzhou Steel |
3,870 |
577 |
↓20 |
|||
|
Average |
- |
3,837 |
572 |
↓13 |
|||
|
Thin HRC |
2.75 mm x 1.,250 mm x C |
Q23 5B |
Shanghai |
Ansteel |
3,940 |
587 |
0 |
|
Tianjin |
Tangshan Steel |
3,920 |
584 |
↓20 |
|||
|
Lecong |
Lianyuan Steel |
3,930 |
586 |
↓20 |
|||
|
Average |
- |
3,930 |
586 |
↓13 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.71