Gnee Steel (tianjin) Co., Ltd
+8615824687445
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  • Email: ppgi@gescosteel.com
  • Add: No.4-1114, Beichen Building, Beicang Town, Beichen District, Tianjin, China

November 17 Cold Rolled Coil Prices Latest Market Trend Morning Report

Nov 17, 2022

Cold rolled coils

The average price of cold-rolled sheets in major cities nationwide on the 16th was RMB 4,539 per tonne, up RMB 9 per tonne from the previous working day and up RMB 39 per tonne from the same period last week. Cold-rolled market prices were stable and up. Among them, Shanghai area market price Anshan Steel 1.0 cold roll 4330 yuan / ton, stable, Tianjin Tiantie 1.0 cold roll 4290 yuan / ton, up 50 yuan / ton; Le from Liu Steel 1.0 cold roll 4370 yuan / ton, stable. The futures oscillation is strong, cold rolled spot price mainstream stability, some markets slightly up, the downstream terminal to take the enthusiasm is not high, the overall market transaction performance is still deviant. The current low inventory, high cost support, and limited actual demand release, businessmen said cautious operation is the main, short-term cold rolled market price narrow adjustment operation.