Chinese Steel Prices plummeted during last week. The Chinese Long Product Price Index CLPPI dipped by 35 points, whereas the Chinese Flat Products Index CFPPI followed suite with fall of 69 points. The overall price index CHISPI declined by 54 points.
| Class | 27-Mar | 03-Apr | Change | % |
| CLPPI | 5577 | 5541 | -35 | -0.6% |
| CFPPI | 5393 | 5324 | -69 | -1.3% |
| CHISPI | 5472 | 5418 | -54 | -1.0% |
CLPPI - Chinese Long Product Price Index
CFPPI - Chinese Flat Product Price Index
CHISPI - Chinese Steel Price Index
Long Products :
| Category | 27-Mar | 03-Apr | Change | % |
| PI- WRC | 4942 | 4905 | -37 | -0.8% |
| PI - Rebar | 6345 | 6312 | -33 | -0.5% |
PI - Price Index
Flat Products:
| Category | 27-Mar | 03-Apr | Change | % |
| PI - PLTS | 4784 | 4722 | -62 | -1.3% |
| PI - HR | 5448 | 5363 | -85 | -1.6% |
| PI - CR | 5740 | 5703 | -37 | -0.6% |
| PI - GP | 5394 | 5358 | -36 | -0.7% |
PI - Price Index
To know more about these indices please visit
http://steelprices-china.com/spi_services/spi.html
The Chinese market went on a rampage with prices of flat and long products declining rapidly during the week summarized by the following highlights:
1) Rebar prices plummeted by a whopping 4% on April 1st
2) Flat product prices fell heavily in the last couple of days by 4% to 7%
3) Baosteel has lowered prices by CNY 200 per tonne to CNY 300 per tonne for hot-rolled products, CNY 200 per tonne for cold rolled products, CNY 500 per tonne for wire rod and pipes, and CNY 200 per tonne to CNY 450 per tonne for high value added products such as galvanized and color coated products.
With the euphoria of Stimulus Package rapidly vanishing, manufacturers are left with no option but to mitigate their losses by production pruning and writing off inventory with alacrity.
Billets
150*150
Q235
| Location | CNY | USD | % |
| Jiangsu Province | 0 | 0 | 0.0% |
| Shandong Province | 0 | 0 | 0.0% |
| Hebei Province | 0 | 0 | 0.0% |
| Shanxi Province | 0 | 0 | 0.0% |
| Shaanxi Province | 0 | 0 | 0.0% |
| Tianjin | 0 | 0 | 0.0% |
| Fujian Province | 0 | 0 | 0.0% |
Change is on April 3rd 2009 as compared to March 27th 2009
Change is per tonne
WRC
6.5mm
Common
| Location | CNY | USD | % |
| Shanghai | -30 | -4 | -1.0% |
| Hangzhou | -10 | -1 | -0.3% |
| Nanjing | 0 | 0 | 0.0% |
| Hefei | 60 | 9 | 1.8% |
| Changsha | 20 | 3 | 0.6% |
| Zhengzhou | -50 | -7 | -1.6% |
| Chengdu | -10 | -1 | -0.3% |
| Guiyang | 0 | 0 | 0.0% |
| Kunming | 0 | 0 | 0.0% |
| Urumchi | 0 | 0 | 0.0% |
Change is on April 3rd 2009 as compared to March 27th 2009
Change is per tonne
Rebar
20mm
HRB 400
| Location | CNY | USD | % |
| Shanghai | -80 | -12 | -2.5% |
| Hangzhou | -20 | -3 | -0.6% |
| Nanjing | -20 | -3 | -0.6% |
| Jinan | 20 | 3 | 0.6% |
| Hefei | -20 | -3 | -0.6% |
| Fuzhou | -70 | -10 | -2.1% |
| Nanchang | -40 | -6 | -1.2% |
| Guangzhou | 20 | 3 | 0.5% |
| Changsha | 0 | 0 | 0.0% |
| Wuhan | -70 | -10 | -2.0% |
| Zhengzhou | -30 | -4 | -0.9% |
| Beijing | -10 | -1 | -0.3% |
| Tianjin | 0 | 0 | 0.0% |
| Shijiazhuang | -40 | -6 | -1.2% |
| Taiyuan | 30 | 4 | 0.9% |
| Shenyang | -50 | -7 | -1.5% |
| Harbin | -50 | -7 | -1.5% |
| Chongqing | -20 | -3 | -0.5% |
| Chengdu | 20 | 3 | 0.5% |
| Guiyang | 0 | 0 | 0.0% |
| Kunming | 0 | 0 | 0.0% |
| Xian | 20 | 3 | 0.6% |
| Lanzhou | 0 | 0 | 0.0% |
| Urumchi | -30 | -4 | -0.8% |
Change is on April 3rd 2009 as compared to March 27th 2009
Change is per tonne
HRC
4.75mm
Common
| Location | CNY | USD | % |
| Shanghai | -190 | -28 | -6.1% |
| Hangzhou | -180 | -26 | -5.7% |
| Nanjing | -130 | -19 | -4.0% |
| Jinan | -120 | -18 | -3.7% |
| Hefei | -50 | -7 | -1.5% |
| Fuzhou | -50 | -7 | -1.5% |
| Nanchang | -110 | -16 | -3.2% |
| Guangzhou | -80 | -12 | -2.4% |
| Changsha | -70 | -10 | -2.0% |
| Wuhan | -120 | -18 | -3.7% |
| Zhengzhou | -80 | -12 | -2.4% |
| Beijing | -180 | -26 | -5.7% |
| Tianjin | -180 | -26 | -5.8% |
| Shijiazhuang | -50 | -7 | -1.5% |
| Taiyuan | -170 | -25 | -5.4% |
| Shenyang | -180 | -26 | -5.8% |
| Harbin | -150 | -22 | -4.6% |
| Chongqing | -20 | -3 | -0.6% |
| Chengdu | -50 | -7 | -1.4% |
| Kunming | 0 | 0 | 0.0% |
| Xian | -100 | -15 | -3.0% |
| Lanzhou | -40 | -6 | -1.2% |
| Urumchi | -100 | -15 | -2.9% |
Change is on April 3rd 2009 as compared to March 27th 2009
Change is per tonne
Plates
20mm
Common
| Location | CNY | USD | % |
| Shanghai | -50 | -7 | -1.4% |
| Hangzhou | -50 | -7 | -1.5% |
| Nanjing | -50 | -7 | -1.5% |
| Jinan | -60 | -9 | -1.8% |
| Hefei | -50 | -7 | -1.5% |
| Fuzhou | 0 | 0 | 0.0% |
| Nanchang | -90 | -13 | -2.6% |
| Guangzhou | -20 | -3 | -0.6% |
| Changsha | -50 | -7 | -1.4% |
| Wuhan | -190 | -28 | -5.8% |
| Zhengzhou | -50 | -7 | -1.5% |
| Beijing | -50 | -7 | -1.6% |
| Tianjin | -10 | -1 | -0.3% |
| Taiyuan | -60 | -9 | -1.9% |
| Shenyang | -30 | -4 | -0.9% |
| Harbin | -50 | -7 | -1.5% |
| Chongqing | 0 | 0 | 0.0% |
| Chengdu | -50 | -7 | -1.4% |
| Kunming | -50 | -7 | -1.4% |
| Xian | -10 | -1 | -0.3% |
| Lanzhou | -20 | -3 | -0.6% |
| Urumchi | 0 | 0 | 0.0% |
Change is on April 3rd 2009 as compared to March 27th 2009
Change is per tonne
CR
1.0mm
Common
| Location | CNY | USD | % |
| Shanghai | -70 | -10 | -1.7% |
| Hangzhou | -30 | -4 | -0.7% |
| Nanjing | 0 | 0 | 0.0% |
| Jinan | 0 | 0 | 0.0% |
| Qingdao | -50 | -7 | -1.2% |
| Hefei | 0 | 0 | 0.0% |
| Fuzhou | 0 | 0 | 0.0% |
| Nanchang | -50 | -7 | -1.2% |
| Guangzhou | 0 | 0 | 0.0% |
| Changsha | 0 | 0 | 0.0% |
| Wuhan | -170 | -25 | -4.1% |
| Zhengzhou | -50 | -7 | -1.1% |
| Beijing | 100 | 15 | 2.4% |
| Tianjin | 50 | 7 | 1.2% |
| Shijiazhuang | -100 | -15 | -2.3% |
| Taiyuan | -50 | -7 | -1.1% |
| Shenyang | -50 | -7 | -1.2% |
| Harbin | 0 | 0 | 0.0% |
| Chongqing | 0 | 0 | 0.0% |
| Chengdu | 0 | 0 | 0.0% |
| Kunming | 0 | 0 | 0.0% |
| Xian | 0 | 0 | 0.0% |
| Lanzhou | 0 | 0 | 0.0% |
| Urumchi | -200 | -29 | -5.1% |
Change is on April 3rd 2009 as compared to March 27th 2009
Change is per tonne
HDG
0.5mm
Common
| Location | CNY | USD | % |
| Shanghai | -70 | -10 | -1.6% |
| Hangzhou | 20 | 3 | 0.5% |
| Beijing | 0 | 0 | 0.0% |
| Tianjin | -100 | -15 | -2.4% |
| Boxing | -30 | -4 | -0.7% |
| Guangzhou | 30 | 4 | 0.6% |
| Zhengzhou | -100 | -15 | -2.4% |
| Xian | 0 | 0 | 0.0% |
| Shenyang | 0 | 0 | 0.0% |
| Harbin | -70 | -10 | -1.7% |
| Nanchang | 0 | 0 | 0.0% |
| Fuzhou | -50 | -7 | -1.1% |
| Chongqing | -50 | -7 | -1.1% |
| Wuhan | -40 | -6 | -0.9% |
Change is on April 3rd 2009 as compared to March 27th 2009
Change is per tonne
Chinese exports levels continue plummeting
HDG is in DX 51D 140gms
| Item | Grade | Size | Change |
| Billet | Q235 | 150x150 | 0 |
| Rebar | HRB400 | 12-25mm | -30 |
| Wire rod | Q195 | 5.5-12mm | -30 |
| HRC | SS 400 | 4.5-11mm | 0 |
| Plates | SS 400 | 12-40mm | 0 |
| CRC | SPCC | 1.0x1250 | -60 |
| HDG | SGCC | 1.0x1250 | -60 |
Change is on April 3rd 2009 as compared to March 27th 2009
Change is in USD per tonne
Delivery FOB China port
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