During the week ending July 13, in the Chinese domestic market average cold rolled coil (CRC) prices have moved on a rising trend, while transaction activity in the overall market has been at decent levels. Average cold rolled product prices in the local Chinese market are presented in the table below.
During the given week, domestic CRC prices have increased on the back of the rising trend seen in CRC futures prices in China. Furthermore, CRC supplies are on the short side in the market, exerting a positive impact on CRC prices. It is expected that CRC prices in the Chinese domestic market will likely indicate a slight uptrend in the coming week.
Product name | Spec. | Category | 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 | 3,040 | 454 | ↑130 |
Tianjin | Tangshan Steel | 2,910 | 435 | ↑150 | |||
Lecong | MaSteel | 3,050 | 456 | ↑70 | |||
Average | - | 3,000 | 448 | ↑117 | |||
Thin CRS | 1.0 mm x 1,250mm x 2,500 mm | ST12 | Shanghai | Anshan Steel | 3,230 | 483 | ↑140 |
Tianjin | Anshan Steel | 3,530 | 528 | ↑100 | |||
Lecong | Anshan Steel | 3,380 | 505 | ↑50 | |||
Average | - | 3,380 | 505 | ↑97 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = 6.58 RMB