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6 May : China steel price may regain their upward path

Time:2010-5-6 17:27:22    Author:Metalnewsnet    Clicks:0 Times    Tel:+86-28-6676 5966

Metalnewsnet 6 May :

Chinese steel prices, after decreasing till May 1st 2010, regained their upward path since than making simultaneously influence of rising steel prices on the downstream industry apparent.

According to statistics, the up trend continues. On May 4th, billet price in Tangshan rose by CNY 120 per tonne and rebar price in Beijing and Tianjin also rose by CNY 50 per tonne to CNY 100 per tonne. Besides, HR price rose slightly in Tianjin and Shanghai.

A trader told that this is a restorative rebound after two weeks adjustment in Chinese domestic steel prices. Although the central bank announced on May 2nd that financial institutions will raise the deposit reserve ratio by 0.5% from May 10th, because of absence of strong positive supporting factors, steel market prices are less likely to rise significantly rise continually.

Analyst from Western New Route said with the completeness of price adjustment and reduction of inventories, steel prices may regain their upward path in late May. He said because there are apparent profit margins in current inventories, mainly purchased before Chinese New Year, steel prices rise still lacks of momentum but prices will go up when steel of higher cost appears into steel market.

In addition, rising steel prices constituted greater pressure on downstream enterprises. Statistics from the recent Canton Fair show that most foreign clients have accepted the price rise and on site sale prices of electrical products rose by 5% to 10% in general, some even by 30%.

Last cycle of reduction (April 15th till April 30th)

Product14-Apr30-AprChange%
CLPPI72857100-185-3%
CFPPI74637329-133-2%
CHISPI73867230-156-2%

CLPPI - Chinese Long Product Price Index
CFPPI - Chinese Flat Product Price Index
CHISPI - Chinese Steel Price Index

Gain in last 5 days

Class30-Apr5-MayChange%
CLPPI71007142420.6%
CFPPI73297365360.5%
CHISPI72307269390.5%

CLPPI - Chinese Long Product Price Index
CFPPI - Chinese Flat Product Price Index
CHISPI - Chinese Steel Price Index

www.steelprices-china.com is a comprehensive service for tracking real time domestic steel prices and trends in China on daily basis.

The scope of service includes
1. Domestic pricing information in China
2. Export levels from Turkey, Rotterdam, China, India and Black Sea

The service is specifically designed to assist steel makers, traders, users and others connected with the industry to keep track of real time prices prevailing in the market and thus comprehensively evaluate steel pricing trends in the trend setting region

Methodology and access
1. Benchmark products in each category with fixed commonly used sizes and grades
2. Average transaction levels which have settled well, based on continuous interactions with domestic mills and traders
4. On fixed market oriented payment terms
5. Daily updates
6. Data available since July 2008
5. Access through web site

Products covered
1. Input materials and semis
2. Long Products
3. Flat Products
5. FOB levels for export FOB Black Sea, China, Turkey and India

1. Input materials and semis

ProductLocations
Metallurgical Coke - A<12.5%,S<0.6%Handan, Hejin, Huaibei, Pingdingshan, Qitaihe, Shanghai, Tangshan, Weifang
Coke - CommonGuizhou Province, Yunnan Province
Scrap - 6-8mmAcheng, Anyang, Beijing, Benxi, Chongqing, Dalian, Guangzhou, Hangzhou, Hefei, Jiangyin, Jinan, Kunming, Laiwu, Lanzhou, Lingyuan, Liupanshui, Loudi, Shanghai, Tangshan, Tianjin, Tonghua, Wuhan, Wuyang, Zhangjiagang
Pig Iron - Z18-22Anshan, Changzhou, Guiyang, Harbin, Kunming, Linyi, Linzhou, Taiyuan, Weihai, Wuan, Xuzhou, Yicheng
Pig Iron - L08-L10Anyang, Guiyang, Harbin, Kunming, Linyi, Longyan, Maanshan, Taiyuan, Tangshan, Wuan, Yicheng, Zibo


2. Long Products

ProductLocations
Angle - #5Beijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou
Channel - #16Beijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou
Beam - #25Beijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou
Rebar - 12mm HRB335Beijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Guiyang, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou
Rebar - 20mm HRB335Beijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Guiyang, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou
Rebar - 20mm HRB400Beijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Guiyang, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou
WRC - 6.5mm CommonChangsha, Chengdu, Chongqing, Guangzhou, Guiyang, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Zhengzhou
WRC - 6.5mm HSBeijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Guiyang, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou
Billets - Q235Fujian, Hanzhong, Liaoyang, Linfen, Linzhou, Shandong, Tangshan, Tianjin, Zibo
Billets - 20MnSiFujian, Liaoyang, Linfen, Linzhou, Shandong, Tangshan, Tianjin, Zibo


3. Flat Products

ProductLocations
Plates - 8mmBeijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou
Plates - 20mm"
Plates - Low AlloyBeijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Wuhan, Xian, Zhengzhou
Ship Plate - 10mmChongqing, Fuzhou, Guangzhou, Jinan, Nanjing, Ningbo, Shanghai, Tianjin, Wuhan
Ship Plate - 20mmFuzhou, Guangzhou, Jinan, Nanjing, Ningbo, Shanghai, Tianjin, Wuhan
HRC - 3mmBeijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou
HRC - 4.75mmBeijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou
HR Strip - 183*2.75Chengdu, Guangzhou, Hangzhou, Lecong, Shanghai, Tangshan, Tianjin, Wuhan, Wuxi
HR Strip - 685*3.5Changsha, Chengdu, Chongqing, Guangzhou, Hangzhou, Shanghai, Tangshan, Tianjin, Wuhan, Wuxi
CR - 0.5mmChengdu, Chongqing, Guangzhou, Hangzhou, Kunming, Lanzhou, Qingdao, Shanghai, Urumchi, Wuhan, Xian
CR - 1.0mmBeijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Qingdao, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou
HDG - 0.5mmBeijing, Boxing, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Nanchang, Shanghai, Shenyang, Tianjin, Wuhan, Xian, Zhengzhou
HDG - 1.0mmBeijing, Boxing, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Nanchang, Shanghai, Shenyang, Tianjin, Wuhan, Xian, Zhengzhou
HDG - 0.476mmBeijing, Boxing, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Nanchang, Shanghai, Shenyang, Tianjin, Wuhan, Xian, Zhengzhou

4. FOB levels for export FOB Black Sea, China, Turkey and India
Weekly basis

A. Input & semis

ProductLocation
Scrap Rotterdam, Turkey
BilletsCIS, China & Turkey


B. Long Products

Product Location
RebarsCIS, China, Turkey
Wire RodsCIS, China, Turkey


C. Flat products

Product Location
HRCIS , China
CRCIS , China
HDGCIS , China, India
PPGIIndia
Plates CIS , China & India


Other features

The prices are displayed on weekly and monthly basis. They also have search facilities to access old data from the archives. Graphical representation of trends and comparison of price movement 2 or more products is also available.

In addition, you can monitor currency exchange rates, metal prices, BDI for the day as well as access their archives for past data.

Other features include converters for weight, length etc, glossary and advanced search functions. The benchmark product price information is supplemented by global pricing news.

Subscription
The single-user subscription for 12 month is CNY 5,000 for persons residing in China and USD 750 for persons residing outside China.

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Single2-56-1213-2526-4040-60
50001000016000300005000020000

In CNY

Single2-56-1213-2526-4040-60
750150025005000750010000

In USD


(from steelprices-china)

 
To contact MNN staff for this story: Kylin at +86-13408435402 or metalnewsnet@gmail.com
Article: 6 May : China steel price may regain their upward path
Keywords: Home - Vanadium - Vanadium-Nitrogen
Channel: Metal - News
Posted: 2010-5-6 17:27:22 by Metalnewsnet
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