The steel prices in China crashed by 5% further within last week amidst feeble demand fundamentals and negative sentiments. Last weeks fall has translated into crash by about 11% since the last peak 15 days ago.
The Chinese Long Product Price Index CLPPI declined by whooping 311 points, whereas the Chinese Flat Products Index CFPPI decreased by 359 points. The overall price index CHISPI decreased by 338 points.
| Class | 14-Aug | 21-Aug | Change | % |
| CLPPI | 6597 | 6286 | -311 | -4.7% |
| CFPPI | 6585 | 6226 | -359 | -5.5% |
| CHISPI | 6590 | 6252 | -338 | -5.1% |
CLPPI – Chinese Long Product Price Index
CFPPI – Chinese Flat Product Price Index
CHISPI – Chinese Steel Price Index
Long Products
| Category | 14-Aug | 21-Aug | Change | % |
| PI - WRC | 5817 | 5429 | -388 | -6.7% |
| PI - Rebar | 7541 | 7323 | -218 | -2.9% |
PI – Product Index
Flat Products
| Category | 14-Aug | 21-Aug | Change | % |
| PI - Plates | 5772 | 5454 | -318 | -5.5% |
| PI - HR | 6577 | 6168 | -409 | -6.2% |
| PI - CRC | 7138 | 6848 | -290 | -4.1% |
| PI - HDG | 6950 | 6714 | -236 | -3.4% |
PI – Product Index
| Category | 06-Aug | 21-Aug | Change | % |
| CLPPI | 7283 | 6286 | -997 | -13.7% |
| CFPPI | 6892 | 6226 | -666 | -9.7% |
| CHISPI | 7062 | 6252 | -810 | -11.5% |
CLPPI – Chinese Long Product Price Index
CFPPI – Chinese Flat Product Price Index
CHISPI – Chinese Steel Price Index
To know more about these indices please visit
http://steelprices-china.com/spi_services/spi.html
To know more about these indices please visit
http://steelprices-china.com/spi_services/spi.html
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(Sourced fromwww.steelprices-china.com)
