[SMM Sheets & Plates Daily Review] Cold-Rolled and Hot-Rolled Coil Prices Remain in the Doldrums Intraday

Published: Feb 9, 2026 17:23

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HRC prices trended weakly intraday, with the most-traded contract closing at 3,239, down 0.55%. In the spot market, most HRC spot offers held steady or fell by 10 yuan, while spot cold-rolled coil offers remained in the doldrums. Trading performance was weak, with sluggish inquiry activity in the market.

In the short term, as this week is the last working week before the Chinese New Year, trading across regions is gradually halting. Coupled with strong risk-averse sentiment ahead of the holiday, sheets & plates prices are expected to fluctuate within a narrow range before the holiday, with support for the most-traded HRC contract watched at 3,215.

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