During the week ending November 27, the Chinese domestic cold rolled coil (CRC) market has generally moved on a stable trend, though slight downticks in prices have been recorded in some regions. Average CRC prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
Activity in the local Chinese CRC market is still weak. Traders remain cautious and have been limiting their booking volumes in case CRC prices are influenced by cheaper raw materials. Traders are also pessimistic about the prospects for the price trend in the remainder of the year given the sluggish market conditions which have prevailed so far in the current year. As regards the coming week, it is thought that Chinese domestic CRC prices will move on a soft trend.