During the week ending June 20, average hot rolled coil (HRC) prices in the Chinese domestic market have increased, while transaction activity in the market has been at medium levels. Average HRC prices in the local Chinese market are presented in the following table.
During the given week, HRC spot prices in China have risen with the support of increases in HRC futures prices. Positive sentiment prevails in the domestic HRC market. Currently, HRC inventories in the spot market are at relatively low levels as steelmakers have recently carried out maintenance works. It is thought that HRC prices in the Chinese domestic market will likely move up further 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 | 3,400 | 498 | ↑140 |
| Tianjin | Ansteel | 3,380 | 495 | ↑90 | |||
| Lecong | Liuzhou Steel | 3,470 | 508 | ↑110 | |||
| Average | - | 3,416 | 500 | ↑113 | |||
| Thin HRC | 2.75 mm x 1.,250 mm x C | Q235B | Shanghai | Ansteel | 3,500 | 512 | ↑140 |
| Tianjin | Tangshan Steel | 3,470 | 508 | ↑100 | |||
| Lecong | Lianyuan Steel | 3,540 | 518 | ↑120 | |||
| Average | - | 3,503 | 513 | ↑120 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.83