Over the past two weeks, export prices for Chinese cold-rolled coils (CRC) have remained stable despite a slight improvement in sentiment in the local CRC market. However, fluctuating futures prices for hot-rolled coils have been impacting the pricing strategies of Chinese sellers.
Following the Labor holiday, downstream user demand has shown some improvement, leading to a more positive market sentiment towards domestic CRC prices. However, CRC inventories have remained at relatively high levels, particularly with inventory consumption down over the past week due to the holiday period, which is expected to further impact CRC prices.