The steel prices in China crashed by whopping 6% within a week amidst feeble demand fundamentals. The golden run, based on flimsy factors of mills pushing prices on one hand and traders stockiest indulging in rampant buying to insulate from dearer procurement later, was destined to crumble.
The Chinese Long Product Price Index CLPPI declined by whooping 591 points, whereas the Chinese Flat Products Index CFPPI decreased by 308 points. The overall price index CHISPI decreased by 430 points.
| Class | 07-Aug | 14-Aug | Change | % |
| CLPPI | 7188 | 6597 | -591 | -8.2% |
| CFPPI | 6893 | 6585 | -308 | -4.5% |
| CHISPI | 7021 | 6590 | -430 | -6.1% |
CLPPI - Chinese Long Product Price Index
CFPPI - Chinese Flat Product Price Index
CHISPI - Chinese Steel Price Index
Long Products
| Category | 07-Aug | 14-Aug | Change | % |
| PI-WRC | 6346 | 5817 | -528 | -8.3% |
| PI-Rebar | 8207 | 7541 | -666 | -8.1% |
PI - Product Index
Flat Products
| Category | 07-Aug | 14-Aug | Change | % |
| PI-PLTS | 5985 | 5772 | -213 | -3.6% |
| PI-HR | 6994 | 6577 | -417 | -6.0% |
| PI-CR | 7289 | 7138 | -151 | -2.1% |
| PI-GP | 7010 | 6950 | -61 | -0.9% |
PI - Product Index
To know more about these indices please visit
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Long products - Ubiquitous crash
Billets
150*150
Q235
| Location | CNY | USD |
| Shandong | -50 | -7 |
| Zibo | 0 | 0 |
| Tangshan | -200 | -29 |
| Linfen | -100 | -15 |
| Hanzhong | 0 | 0 |
| Linzhou, | 0 | 0 |
| Liaoyang | -120 | -18 |
| Tianjin | -200 | -29 |
| Fujian | 0 | 0 |
Change is on August 14th 2009 as compared to August 7th 2009
Change is per tonne
WRC
6.5mm
Q195
| Location | CNY | USD |
| Shanghai | -430 | -63 |
| Hangzhou | -350 | -51 |
| Nanjing | -500 | -73 |
| Changsha | -440 | -64 |
| Zhengzhou | -250 | -37 |
| Chengdu | -240 | -35 |
| Guiyang | -350 | -51 |
| Kunming | -380 | -56 |
| Urumchi | -310 | -45 |
Change is on August 14th 2009 as compared to August 7th 2009
Change is per tonne
Rebars
20mm
HRB 400
| Location | CNY | USD |
| Shanghai | -410 | -60 |
| Hangzhou | -400 | -58 |
| Nanjing | -590 | -86 |
| Jinan | -530 | -77 |
| Hefei | -400 | -58 |
| Fuzhou | -530 | -77 |
| Nanchang | -530 | -77 |
| Guangzhou | -480 | -70 |
| Changsha | -540 | -79 |
| Wuhan | -560 | -82 |
| Zhengzhou | -530 | -77 |
| Beijing | -500 | -73 |
| Tianjin | -550 | -80 |
| Shijiazhuang | -500 | -73 |
| Taiyuan | -250 | -37 |
| Shenyang | -550 | -80 |
| Harbin | -580 | -85 |
| Chongqing | -430 | -63 |
| Chengdu | -590 | -86 |
| Guiyang | -550 | -80 |
| Kunming | -520 | -76 |
| Xian | -550 | -80 |
| Lanzhou | -600 | -88 |
| Urumchi | -510 | -75 |
Change is on August 14th 2009 as compared to August 7th 2009
Change is per tonne
2. Flats - Unparalleled mayhem
| Category | 07-Aug | 14-Aug | Change | % |
| PI-PLTS | 5985 | 5772 | -213 | -3.6% |
| PI-HR | 6994 | 6577 | -417 | -6.0% |
| PI-CR | 7289 | 7138 | -151 | -2.1% |
| PI-GP | 7010 | 6950 | -61 | -0.9% |
PI - Product Index
HRC
4.75mm
Common
| Location | CNY | USD |
| Shanghai | -300 | -44 |
| Hangzhou | -400 | -59 |
| Nanjing | -400 | -59 |
| Jinan | -300 | -44 |
| Hefei | -270 | -40 |
| Fuzhou | -450 | -66 |
| Nanchang | -350 | -51 |
| Guangzhou | -300 | -44 |
| Changsha | -200 | -29 |
| Wuhan | -300 | -44 |
| Zhengzhou | -370 | -54 |
| Beijing | -320 | -47 |
| Tianjin | -300 | -44 |
| Shijiazhuang | -300 | -44 |
| Taiyuan | -270 | -40 |
| Shenyang | -300 | -44 |
| Harbin | -230 | -34 |
| Chongqing | -350 | -51 |
| Chengdu | -270 | -40 |
| Kunming | -80 | -12 |
| Xian | -370 | -54 |
| Lanzhou | -230 | -34 |
| Urumchi | -50 | -7 |
Change is on August 14th 2009 as compared to August 7th 2009
Change is per tonne
Plates
20mm
Common
| Location | CNY | USD |
| Shanghai | -270 | -40 |
| Hangzhou | -240 | -35 |
| Nanjing | -200 | -29 |
| Jinan | -80 | -12 |
| Hefei | -250 | -37 |
| Fuzhou | -150 | -22 |
| Nanchang | -150 | -22 |
| Guangzhou | -100 | -15 |
| Changsha | -150 | -22 |
| Wuhan | -310 | -45 |
| Zhengzhou | -150 | -22 |
| Beijing | -250 | -37 |
| Tianjin | -250 | -37 |
| Shijiazhuang | -150 | -22 |
| Taiyuan | -100 | -15 |
| Shenyang | -150 | -22 |
| Harbin | -50 | -7 |
| Chongqing | 50 | 7 |
| Chengdu | -200 | -29 |
| Kunming | -80 | -12 |
| Xian | -100 | -15 |
| Lanzhou | -150 | -22 |
Change is on August 14th 2009 as compared to August 7th 2009
Change is per tonne
CR
1.0mm
Common
| Location | CNY | USD |
| Shanghai | -170 | -25 |
| Hangzhou | -250 | -37 |
| Nanjing | -150 | -22 |
| Jinan | -250 | -37 |
| Qingdao | -200 | -29 |
| Hefei | 0 | 0 |
| Fuzhou | -200 | -29 |
| Nanchang | -100 | -15 |
| Guangzhou | -100 | -15 |
| Changsha | 0 | 0 |
| Wuhan | -100 | -15 |
| Zhengzhou | 0 | 0 |
| Beijing | -100 | -15 |
| Tianjin | -150 | -22 |
| Shijiazhuang | -100 | -15 |
| Taiyuan | -100 | -15 |
| Shenyang | -70 | -10 |
| Harbin | -50 | -7 |
| Chongqing | -170 | -25 |
| Chengdu | -150 | -22 |
| Kunming | -50 | -7 |
| Xian | -195 | -29 |
| Lanzhou | 0 | 0 |
| Urumchi | -50 | -7 |
Change is on August 14th 2009 as compared to August 7th 2009
Change is per tonne
HDG
0.5mm
Common
| Location | CNY | USD |
| Shanghai | -230 | -34 |
| Hangzhou | -150 | -22 |
| Beijing | -50 | -7 |
| Tianjin | -30 | -4 |
| Boxing | -200 | -29 |
| Guangzhou | 0 | 0 |
| Zhengzhou | -50 | -7 |
| Xian | 0 | 0 |
| Shenyang | 0 | 0 |
| Harbin | -100 | -15 |
| Nanchang | 100 | 15 |
| Fuzhou | -50 | -7 |
| Chongqing | 0 | 0 |
| Wuhan | 0 | 0 |
Change is on August 14th 2009 as compared to August 7th 2009
Change is per tonne
It is reported that steel stocks have not been consumed in tandem with the breathtaking purchase during this period culminating in enhanced stock. Downstream users adopted wait and watch policy expecting this brittle rally to crumble under its own weight.
However it would be premature to conclude that this slide is reversal of the price sprint, as traders have observed that the reversal has led to active buying in spurts.
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(Sourced fromwww.steelprices-china.com)
