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China cold rolled coil price

China cold rolled coil price

This week (5.17-5.23), China's cold rolled coil price showed an overall trend of rising and falling, and the overall transaction was average. In terms of fundamentals, the weekly output of cold-rolled rolling stocks declined slightly on a week-on-week basis, the factory inventory dropped slightly, and the social inventory remained basically the same. According to market feedback, at the beginning of the week, the spot price rose too fast and too violently, and the fear of heights became prominent. Later, under the influence of the news, the price surged and fell sharply. From the actual operation point of view, during the week, cold-rolled traders often made false high prices, and high-level transactions were not satisfactory. In the futures, the continuous weakening, cold-rolled traders gradually returned to reasonable price levels. On the whole, it is expected that the domestic cold-rolled spot prices will mainly fluctuate and callback next week.
In terms of price, the average price of 1.0mm cold rolling this week was 7124 yuan/ton, an increase of 535 yuan/ton from the previous month. The main market prices are as follows: 1.0mm BBN STEEL cold rolled coil in Tianjin market is quoted at RMB 6,990/ton, up by RMB 400/ton week-on-week. The offer price of 1.0mm Katalor Industry cold rolled coils in Shanghai market was RMB 6,920/ton, up RMB 300/ton from the previous week. Guangzhou's 1.0mm Anshan Iron and Steel Cold Coil quotation was 6,930 yuan/ton, an increase of 300 yuan/ton on a week-on-week basis.

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