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Free The Prices of Cold Rolled Coil in the Global Market New York

Published date: March 31, 2023
  • Location: New York, New York, NY

In the fourth quarter of 2022, the Cold Rolled Coil prices showcased an upswing price trend in the Chinese market amidst sporadic COVID lockdowns, logistics issues, and a shrinking demand outlook. In October, the prices of Cold-Rolled Coil plunged in the backdrop of shrinking demand and limited purchasing activity. Large Chinese mills resisted lowering their offers in export markets, while spot traders began to sell short. By November, nickel and steel had begun rallying again. However, suppliers remained rampant with an inventory. Furthermore, Chinese scrap prices rose in mid-Q4, but the price gains were offset. Additionally, the Federal Reserve's interest rate hike continued to hurt the commodity market, so the market was pessimistic. Suppliers reduced market shipments as winter restocking expectations fell. In December, Cold Rolled Coil prices appeared bullish again, making the 2023 Q1 price outlook appear more bullish. Thus, the Ex Tianjin (China) CR coil (SPCC-1 mm) price was fixed at USD 666/MT.

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E-Mail:- sales@chemanalyst.com
websites:- https://www.chemanalyst.com/Pricing-data/cold-rolled-coil-1355
Contact No:- +13322586602

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