During the week ending December 10, Chinese domestic hot rolled coil (HRC) prices have been characterized by minor declines. Average HRC prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
Due to sluggish transaction activity and traders' pessimism on the prospects for the market in the coming period, HRC prices in the Chinese domestic market have indicated slight declines in the past week.
Although some traders have started to replenish their stocks for the winter season, most traders maintain a more cautious stance due to their pessimistic expectations for the future market. However, some HRC product specifications are in short supply in the Chinese domestic market, and it is thought that prices of these products may increase in the coming period and provide some support for the overall market.
For the coming seven days, HRC prices in the Chinese domestic market are expected to indicate just slight fluctuations.