On a national basis, the average price of 3.0 mm HRC increased by 7 yuan/ton to 3,900 yuan/ton (538 USD). The average price of 4.75 mm HRC also increased by 7 yuan/ton, reaching 3,836 yuan/ton (529 USD).
Hot rolled coil (HRC) prices in China are on a slight upward trend, varying by region. The price difference between East China and Northeast China increased by 10 yuan/ton (1 USD) to 110 yuan/ton (15 USD), while the difference between East China and South China remained stable at 30 yuan/ton (4 USD). The price difference between Southern China and Northeast China increased by 10 yuan/ton, reaching 40 yuan/ton (5 USD).
According to Steel Radar's evaluation, the upward trend in Chinese HRC prices, which has continued since April 8, was recorded at the level of 534 USD with a decrease of 2 USD on April 24.
Looking at the domestic and international price differences, China's HRC export price remained constant at 530 USD/ton, while the EU import price remained unchanged at 625 USD/ton.
A slight increase was also observed in spot prices. The sentiment throughout the market has eased and transactions have been carried out at an acceptable level.
According to the weekly production survey, hot rolled coil (HRC) production of 37 regularly monitored Chinese flat steel producers showed a slight recovery in the period of April 15-19, rising to 3.23 million tons.
Experts state that the contradiction between supply and demand has decreased recently and market confidence has increased. In an environment where spot stocks have decreased slightly and raw material prices have increased, there is also strong support on the cost side. Stocks are expected to be replenished as the May 1 holiday approaches. Therefore, experts predict that HRC prices may continue to fluctuate tomorrow.
Comments
No comment yet.