Monthly CRC and HGI Coil Market Report May 2021

1. Market Highlights

Supported by the sharp price rises of raw materials, CRC and HGI coil prices were pulled up by around RMB1,200/t (USD188/t) in the middle of May, while they dropped fast in the second half of May after Chinese government called for stabilizing the market. At the end of the month, prices rebounded a little bit after the big drop.Asian Metal Copyright Due to the up-and-down trend in Chinese domestic market, CRC and HGI coil export followed up and recorded a slight increase compared with a month ago.Asian Metal Copyright As a consequence, CRC and HGI coil prices witnessed a rise compared with a month ago.Asian Metal Copyright However, by the end of the month, the market began to cool down due to the sharp drop in China.Asian Metal Copyright Due to the up-and-down trend in Chinese domestic market, CRC and HGI coil export followed up and recorded a slight increase compared with a month ago.

In the international market, CRC and HGI coil prices in many Asian countries including Malaysia, Vietnam and India continued to move up obviously this month due to higher raw materials' prices and relatively tight supply. However, by the end of the month, the market began to cool down due to the sharp drop in China.

.Asian Metal Copyright However, by the end of the month, the market began to cool down due to the sharp drop in ChinaAsian Metal Copyright