Cold-Rolled Steel Sheet & Coil prices in the Chinese market on September 8

Comments today (Date：08/09/2023)

China Spot Market Dynamics:
The price of cold-rolled coils fluctuated and was weak, with the average price being $ 642.00/ton, down $0.55/ton from the previous trading day. In terms of the market, today's hot coil futures are fluctuating weakly. At the same time, cold-rolled resources are tight, manufacturers' inventory pressure is not large, traders are more willing to raise prices, and the quotations are flat. However, the actual transaction is still $1.36-2.73 Negotiation space. Regarding mentality, the current demand has not improved significantly, traders' shipments are less than expected, and they have insufficient confidence in the recent market. Overall, the cold-rolled price is expected to be mainly adjusted within a narrow range tomorrow.
Mainstream Market Quotation:
Shanghai 654.96, Guangzhou 635.86, Tianjin 620.85. Except for Qingdao, Fuzhou, Guangzhou, Wuhan, Zhengzhou, Tianjin, Chengdu, and other cities, which dropped by 1.36-2.73, prices in the rest cities remained stable. (Unit: USD/ton)

1. The above prices are ex-factory prices including tax, and there will be a small delivery fee when the customer picks up the goods. Does not include freight.
2. The materials (grades) at China and abroad are based on public data to select the most similar specifications, which does not mean that the corresponding materials (grades) are completely consistent.
3. The weight of the products in the table is obtained by weighing when they are traded.If cutting is required, the processing service fee needs to be negotiated.
4. If you need to inquire about the price of Cold-Rolled Steel Sheets & Coils of other specifications, materials and brands, or inquire about the FOB or CIF price of Cold-Rolled Steel Sheets & Coils in this table, you can submit an inquiry form, and the customer service staff will give a manual feedback.

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