CRC: The domestic CRC market saw mild fluctuations last week. East and Central-South China declined RMB 10–60/tonne, North China fell RMB 10–20/tonne, while Northeast was stable, and West China mixed with limited changes.

As of last Friday, average prices in 28 major cities were RMB 4,255/tonne for 0.5mm CRC and RMB 4,063/tonne for 1.0mm CRC, down RMB 11/tonne and RMB 12/tonne w-o-w, respectively. Inventories rose slightly to 2.52 million tonnes (+20,000 tonnes). With mills operating normally and downstream demand set to enter its peak season, supply and demand remain broadly balanced. Prices are expected to see mild, stable fluctuations this week.