No major price movement in Chinese domestic CRC market

Wednesday, 25 April 2018 15:48:59 (GMT+3)   |   Shanghai
       

During the week ending April 25, average cold rolled coil (CRC) prices in the Chinese domestic market have either fluctuated slightly or moved sideways, while transaction activity in the overall market has been at low-to-medium levels. Average cold rolled product prices in the local Chinese market are presented in the following table. 

During the given week, ferrous metal futures prices and semi-finished steel prices in China have moved on rising trends, exerting a positive impact on the CRC market. Meanwhile, traders with high stock level have been seeking to conclude sales. However, inventory consumption has been proceeding slowly. It is expected that CRC prices will move sideways in the coming week.

Product name

Spec.

Quality

City

Steel plant/origin

Price (RMB/mt)

Price ($/mt)

Weekly change (RMB/mt)

Thin CRC

1.0 mm x 1,250 mm x C

ST12

Shanghai

MaSteel

4,550

720

↑20

Tianjin

Tangshan Steel

4,450

704

↓10

Lecong

MaSteel

4,480

709

0

Average

 -

4,493

711

↑3

Thin CRS

1.0 mm x 1,250mm x 2,500 mm

ST12

Shanghai

Anshan Steel

4,540

718

0

Tianjin

Anshan Steel

4,880

772

0

Lecong

Anshan Steel

4,680

741

0

Average

 -

4,700

744

0

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

$1 = 6.32 RMB


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