The Chinese domestic steel market is in for another erratic phase just when the market seemed settling down for stability. This freakish attribute recurs intermittently playing truant with the sentiments.
Over the past 45 days the steel prices had maintained a steady recovery giving solace to the domestic players and arousing hopes in the global arena.
However over the last couple of days build up for a stable revival seems to be going haywire with changing dynamics on the following counts:
People’s Bank of China indicating future hike in interest rates to curb inflation which increased from March to April.
Sudden unrest in mills with respect to power rationing as the summer approaches has left them in lurch looking for rear guard action to adjust production has engulfed the market in uncertainty sending the buyers in a huddle.
The Chinese Long Product Price Index CLPPI has gone down by 34 points last week whereas the Chinese Flat Products Index CFPPI also down by 26 points. The overall price index CHISPI declined by 30 points.
| Class | 06-May | 13-May | Change | % |
| CLPPI | 7659 | 7625 | -34 | -0.4% |
| CFPPI | 7704 | 7678 | -26 | -0.3% |
| CHISPI | 7685 | 7655 | -30 | -0.4% |
CLPPI - Chinese Long Product Price Index
CFPPI - Chinese Flat Product Price Index
CHISPI - Chinese Steel Price Index
Long Products
| Category | 06-May | 13-May | Change | % |
| PI-WRC | 6316 | 6316 | 0 | 0.0% |
| PI-Rebar | 9285 | 9208 | -77 | -0.8% |
PI - Product Index
Flat Products
| Category | 06-May | 13-May | Change | % |
| PI-PLTS | 7132 | 7108 | -24 | -0.3% |
| PI-HR | 7921 | 7890 | -31 | -0.4% |
| PI-CR | 7544 | 7523 | -21 | -0.3% |
| PI-GP | 7568 | 7559 | -9 | -0.1% |
PI - Product Index
To know more about these indices please visit
http://steelprices-china.com/spi_services/spi.html
1. Long products
Billets
150*150
Q235
| Location | CNY | USD |
| Fujian Province | -50 | -7 |
| Hebei Province | -20 | -3 |
| Jiangsu Province | -50 | -7 |
| Shandong Province | -50 | -7 |
| Shanxi Province | 0 | 0 |
| Tianjin | -20 | -3 |
Change is on May 13th as compared to 6th April 2011
Change is per tonne
WRC
6.5mm
Common
| Location | CNY | USD |
| Changsha | 0 | 0 |
| Chengdu | 0 | 0 |
| Guiyang | 0 | 0 |
| Hangzhou | 0 | 0 |
| Kunming | 0 | 0 |
| Nanjing | 0 | 0 |
| Shanghai | 0 | 0 |
| Urumchi | 0 | 0 |
| Zhengzhou | 0 | 0 |
Change is on May 13th as compared to 6th April 2011
Change is per tonne
Rebars
20mm
HRB 400
| Location | CNY | USD |
| Beijing | -70 | -10 |
| Changsha | -70 | -10 |
| Chengdu | -20 | -3 |
| Chongqing | -20 | -3 |
| Fuzhou | -30 | -4 |
| Guangzhou | -20 | -3 |
| Guiyang | -30 | -4 |
| Hangzhou | -40 | -6 |
| Harbin | 0 | 0 |
| Hefei | -80 | -12 |
| Jinan | -90 | -13 |
| Kunming | -20 | -3 |
| Lanzhou | -40 | -6 |
| Nanchang | -30 | -4 |
| Nanjing | -50 | -7 |
| Shanghai | -40 | -6 |
| Shenyang | -40 | -6 |
| Shijiazhuang | -70 | -10 |
| Taiyuan | -40 | -6 |
| Tianjin | -40 | -6 |
| Urumchi | 0 | 0 |
| Wuhan | -70 | -10 |
| Xian | -80 | -12 |
| Zhengzhou | -30 | -4 |
Change is on May 13th as compared to 6th April 2011
Change is per tonne
Angle
#5
| Location | CNY | USD |
| Shanghai | -20 | -3 |
| Hangzhou | -20 | -3 |
| Nanjing | -40 | -6 |
| Jinan | 0 | 0 |
| Hefei | 0 | 0 |
| Fuzhou | -30 | -4 |
| Nanchang | 0 | 0 |
| Guangzhou | -60 | -9 |
| Changsha | -20 | -3 |
| Wuhan | 30 | 4 |
| Zhengzhou | 50 | 7 |
| Beijing | 0 | 0 |
| Tianjin | -20 | -3 |
| Shijiazhuang | 0 | 0 |
| Taiyuan | -50 | -7 |
| Shenyang | 0 | 0 |
| Harbin | 0 | 0 |
| Chongqing | 0 | 0 |
| Chengdu | 0 | 0 |
| Kunming | 0 | 0 |
| Xian | 40 | 6 |
| Lanzhou | 0 | 0 |
| Urumchi | 0 | 0 |
Change is on May 13th as compared to 6th April 2011
Change is per tonne
Channel
#16
| Location | CNY | USD |
| Shanghai | -20 | -3 |
| Hangzhou | -20 | -3 |
| Nanjing | -30 | -4 |
| Jinan | 0 | 0 |
| Hefei | 0 | 0 |
| Fuzhou | -30 | -4 |
| Nanchang | 0 | 0 |
| Guangzhou | -10 | -1 |
| Changsha | -20 | -3 |
| Wuhan | 0 | 0 |
| Zhengzhou | 0 | 0 |
| Beijing | 0 | 0 |
| Tianjin | 10 | 1 |
| Shijiazhuang | 0 | 0 |
| Taiyuan | -50 | -7 |
| Shenyang | 0 | 0 |
| Harbin | 80 | 12 |
| Chongqing | 0 | 0 |
| Chengdu | 0 | 0 |
| Kunming | 0 | 0 |
| Xian | -30 | -4 |
| Lanzhou | 0 | 0 |
| Urumchi | 0 | 0 |
Change is on May 13th as compared to 6th April 2011
Change is per tonne
Beam
#25
| Location | CNY | USD |
| Shanghai | -30 | -4 |
| Hangzhou | 0 | 0 |
| Nanjing | -40 | -6 |
| Jinan | 0 | 0 |
| Hefei | 0 | 0 |
| Fuzhou | 0 | 0 |
| Nanchang | 0 | 0 |
| Guangzhou | 0 | 0 |
| Changsha | -20 | -3 |
| Wuhan | 0 | 0 |
| Zhengzhou | 20 | 3 |
| Beijing | 0 | 0 |
| Tianjin | 0 | 0 |
| Shijiazhuang | 0 | 0 |
| Taiyuan | 0 | 0 |
| Shenyang | 0 | 0 |
| Harbin | 50 | 7 |
| Chongqing | 0 | 0 |
| Chengdu | 0 | 0 |
| Kunming | 0 | 0 |
| Xian | -30 | -4 |
| Lanzhou | 0 | 0 |
| Urumchi | 0 | 0 |
Change is on May 13th as compared to 6th April 2011
Change is per tonne
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
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 charges for 12 months period
| Currency | Single | 2-5 | 6-12 | 13-25 | 26-40 | 40-60 |
| In CNY | 6,500 | 13,000 | 20,000 | 38,000 | 63,000 | 250,000 |
| In USD | 1,000 | 2,000 | 3,000 | 6,000 | 10,000 | 40,000 |
How to subscribe
1. Register at www.steelprices-china.com and pay on line or ask for invoice
2. Send mail to admin@steelprices-china.com.
(Sourced from www.steelprices-china.com)
