During the given week, although HRC futures prices have increased, HRC prices in the spot market have continued to indicate a declining movement. At the end of year, due to tight liquidity and sluggish demand, traders have been willing to lower their sales prices. In addition, with the New Year holiday and the approach of the Chinese Spring Festival holiday (February 18-24), traders have expressed concerns about the prospects for the performance of the market in the coming period. It is expected that HRC prices in the Chinese domestic market will move on a slight downtrend in the coming week.
Slack demand and tight liquidity in local Chinese HRC market
During the week ending December 30, hot rolled coil (HRC) prices in the Chinese domestic market have indicated an overall downward movement, while transaction activity in the market has been at low levels. Average HRC prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
Marketplace Offers
Hot Rolled Coil
Thickness
2 mm
Width
1,500 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.
Hot Rolled Coil
Thickness
2.5 mm
Width
1,200 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.
Hot Rolled Coil
Thickness
2.5 mm
Width
1,000 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.