Benchmark Price Commentary of Cold Rolled Steel Coils
Source: https://www.steelhome.com/detailspage.php?nid=4717832&ntype=n
On June 30, mainstream domestic market prices of cold rolled steel coils remained steady. The average price of 1.0mm*1250 cold rolled steel coils across 28 major domestic markets stood at RMB 3,940 per ton, down RMB 4 per ton from the previous trading day.
Today’s SteelHome Cold Rolled Coil Price Index (SHSPI-CR) came in at RMB 3,941 (64.86 points), a drop of RMB 3 (0.05 points) day-on-day.
- Weekly average: RMB 3,943 (64.89 points), down RMB 11 (0.17 points) week-on-week
- Ten-day average: RMB 3,950 (65.01 points), down RMB 24 (0.39 points) ten-day-on-ten-day
- Monthly average: RMB 3,974 (65.39 points), down RMB 40 (0.66 points) month-on-month
- Year-to-date average: RMB 3,944 (64.90 points), down RMB 88 (1.46 points) year-on-year
Changes in SteelHome Cold Rolled Coil SHSPI-CR Price Index
表格
| Date | Index Point | Corresponding Price (RMB/ton) | Day-on-Day Change | Weekly Average & Change | Ten-Day Average & Change | Monthly Average & Change | YTD Average | Month-on-Month Change | Year-on-Year Change |
|---|---|---|---|---|---|---|---|---|---|
| June 30 | 64.86 | 3,941 | -0.05 pts / -3 RMB | 3,943 / -10 RMB | 3,950 / -24 RMB | 3,974 / -40 RMB | 3,944 | -88 RMB | -144 RMB |
| June 29 | 64.91 | 3,944 | -0.02 pts / -2 RMB | 3,944 / -9 RMB | 3,952 / -22 RMB | 3,975 / -39 RMB | 3,944 | -88 RMB | -147 RMB |
| June 26 | 64.93 | 3,946 | -0.09 pts / -5 RMB | 3,953 / -20 RMB | 3,953 / -21 RMB | 3,977 / -37 RMB | 3,944 | -88 RMB | -150 RMB |
Source: https://www.steelhome.com/detailspage.php?nid=4717832&ntype=n
| June 25 | 65.02 | 3,951 | -0.04 pts / -3 RMB | 3,955 / -18 RMB | 3,955 / -19 RMB | 3,979 / -35 RMB | 3,944 | -88 RMB | -153 RMB |
| June 24 | 65.06 | 3,954 | Flat / No Change | 3,957 / -16 RMB | 3,957 / -17 RMB | 3,980 / -34 RMB | 3,944 | -88 RMB | -156 RMB |
Note: The base date of SteelHome Price Index is September 28, 2004.
Summary
Mainstream prices of cold rolled steel coils in domestic markets stayed stable today, with prices falling by RMB 10–20 per ton in a small number of markets.
Current prices of SPCC 1.0mm cold rolled steel coils:
- Shanghai: RMB 3,900 per ton (down RMB 10/ton)
- Lecong: RMB 3,850 per ton (flat)
- Tianjin: RMB 4,020 per ton (flat)
- Chongqing: RMB 3,910 per ton (flat)
- Xi’an: RMB 3,890 per ton (flat)
Regarding cold rolled coil price adjustments by steel mills under daily pricing mechanism:
- Yuanlian Iron & Steel: Cut by RMB 10 per ton
- Zhejiang Xiehe: Cut by RMB 10 per ton
- Shanxi Jingang: Cut by RMB 20 per ton