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Chinese HRC price on down path
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Tuesday, 08 Dec 2009
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The price movement Chinese HRC in last 6 days shows the continuing reduction of the price.

HRC
3mm
common

LocationIn CNYIn USD
Shanghai203
Hangzhou-20-3
Nanjing-20-3
Jinan00
Hefei507
Fuzhou507
Nanchang8012
Guangzhou00
Changsha00
Wuhan00
Zhengzhou-10-1
Beijing00
Tianjin304
Shijiazhuang00
Taiyuan-300-44
Shenyang-30-4
Harbin101
Chongqing-30-4
Chengdu-20-3
Guiyang00
Kunming00
Xian-30-4
Lanzhou-50-7
Urumchi203


Change is on December 4th as compared to November 27th 2009
Change is per tonne
USD: CNY = 6.83526

Most cities saw a downtrend of Chinese HRC price in last 6 days. With winter approaching and the uptrend weakening, the scale of transactions in Chinese HRC market shrank. Inventory of Chinese HRC slightly increased after 5 weeks down because of the high standards of production and shipments which will challenge affordability of market vendors.

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