Why are Steel HRC (SHFE) Prices so high?
23-10-2025 - Over the past month, Steel HRC (SHFE) prices dropped by 3.2% from 3424.0 CNY/t on 22nd September to 3315.0 CNY/t on 22nd October. The high was 3534.0 CNY/t on 15th October, while the low was 3255.0 CNY/t on 16th October.
Our one month forecast for Steel HRC (SHFE) is 3380.0 CNY/t, up by 65.0 CNY/t or 2.0% from the latest price of 3315.0 CNY/t. Our analysis suggests a balanced market risk around this forecast.
Our current forecast is influenced the most by Technical data, impacting the price forecast by 31.0 CNY per tonne. Within the Technical data, the Futures Curve family has the highest impact at 46.0 CNY/t, while Trend Following has a negative impact of -20.0 CNY/t. There is disagreement among the data types, with Flows and Technical data suggesting upward price pressure, while Demand data indicates the opposite trend, with a price impact of -11.0 CNY/t.
Our one month forecast for Steel HRC (SHFE) is 3380.0 CNY/t, up by 65.0 CNY/t or 2.0% from the latest price of 3315.0 CNY/t. Our analysis suggests a balanced market risk around this forecast.
Our current forecast is influenced the most by Technical data, impacting the price forecast by 31.0 CNY per tonne. Within the Technical data, the Futures Curve family has the highest impact at 46.0 CNY/t, while Trend Following has a negative impact of -20.0 CNY/t. There is disagreement among the data types, with Flows and Technical data suggesting upward price pressure, while Demand data indicates the opposite trend, with a price impact of -11.0 CNY/t.
What is the current / spot price of Steel HRC (SHFE)?
Steel HRC (SHFE) Price Today
October 23, 2025
Current Price
3315
What is the forecast for the price of Steel HRC (SHFE)?
Steel HRC (SHFE) Price Forecast
October 23, 2025
1 Month Forecast
3380
1 Year Forecast
3694
What are the short-term drivers of Steel HRC (SHFE) prices?
What are the long-term drivers of Steel HRC (SHFE) prices?
Over the 1 Month horizon the outlook is bullish due to drivers such as: - The shape of the futures curve (adjusted for the risk free rate and price volatility) - Seasonality trends for the prediction week of year - Short term price trends Br(None) The top contrary drivers for the 1 Month horizon are: - Long term price trends
Over the 1 Year horizon the outlook is bullish due to drivers such as: - Short term price trends - Movements in the Euro - Movements in the Chinese Yuan - Steel imports to Japan Br(None) The top contrary drivers for the 1 Year horizon are: - Long term price trends
Will the price of Steel HRC (SHFE) go up?
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