During the week ending November 20, the Chinese domestic cold rolled coil (CRC) market has moved on a slight downward trend amid sluggish transaction activity. Average CRC prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
Demand in the local Chinese CRC market has remained weak, while traders are generally cautious. Oversupply has been exerting pressure on local CRC prices, while the demand situation is unlikely to improve due to seasonal factors. In this context, negative sentiment prevails in the local Chinese CRC market. As regards the coming week, it is thought that Chinese domestic CRC prices will probably remain on their downward trend.