During the week ending February 13, average hot rolled coil (HRC) prices in the Chinese domestic market have increased slightly, while activity in the market has remained at low levels. Average HRC prices in the local Chinese market are presented in the following table.
It is expected that HRC prices in the Chinese domestic market will move on a stable trend in the days before the New Year holiday (February 15-21), while local traders are mostly bullish on the prospects for the market after the holiday period, and their positive sentiment will likely contribute to the upward movement of HRC prices when the holiday is over.
|
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 |
4,100 |
646 |
↑20 |
|
Tianjin |
Ansteel |
4,060 |
639 |
↑20 |
|||
|
Lecong |
Liuzhou Steel |
4,230 |
666 |
↑50 |
|||
|
Average |
- |
4,130 |
650 |
↑30 |
|||
|
Thin HRC |
2.75 mm x 1.,250 mm x C |
Q235B |
Shanghai |
Ansteel |
4,200 |
661 |
↑30 |
|
Tianjin |
Tangshan Steel |
4,260 |
671 |
↑20 |
|||
|
Lecong |
Lianyuan Steel |
4,240 |
668 |
↑20 |
|||
|
Average |
- |
4,233 |
667 |
↑23 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.35