Chinese steel market has been virtually numbed into silence by the magnified amplitude of global stock market undulations. Run up to the orgy started after the 8th August downgrading of US economy by S&P. Concentric girdle of European debt crisis has sucked the enthusiasm.
A revival in Chinese buying was expected in August but the fledgling market was trampled by the diabolical gyrations in the last few weeks. Major Mills have undauntedly hiked the prices for flat products viz, Bao Steel, WISCO & Angang in anticipation of succulent prophecies unfolding.
However the traders and stockiest have gone in a huddle waiting for the dust to settle. Concurrently the mills in China have struck revival in production with the daily average clocking 1.9419 million tonnes per day in the first 10 days of August a climb of 0.35% since July.
Moreover the Damocles of hike in lending rate as the inflation remains stubborn and unpalatable kept a lurking sense of fear going at all times.
The Chinese Long Product Price Index CLPPI has gone down by 21 points last week whereas the Chinese Flat Products Index CFPPI has gone up by 8 points. The overall price index CHISPI declined by 5 points.
| Class | 26-Aug | 02-Sep | Change | % |
| CLPPI | 7704 | 7683 | -21 | -0.3% |
| CFPPI | 7649 | 7657 | 8 | 0.1% |
| CHISPI | 7673 | 7668 | -5 | -0.1% |
CLPPI - Chinese Long Product Price Index
CFPPI - Chinese Flat Product Price Index
CHISPI - Chinese Steel Price Index
Long Products
| Category | 26-Aug | 02-Sep | Change | % |
| PI-WRC | 6489 | 6470 | -19 | -0.3% |
| PI-Rebar | 9175 | 9150 | -25 | -0.3% |
PI - Product Index
Flat Products
| Category | 26-Aug | 02-Sep | Change | % |
| PI-PLTS | 6939 | 6928 | -11 | -0.2% |
| PI-HR | 7922 | 7929 | 7 | 0.1% |
| PI-CR | 7407 | 7434 | 27 | 0.4% |
| PI-GP | 7545 | 7547 | 2 | 0.0% |
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 | 20 | 3 |
| Hebei Province | 30 | 5 |
| Jiangsu Province | 0 | 0 |
| Shandong Province | 50 | 8 |
| Shanxi Province | 0 | 0 |
| Tianjin | 30 | 5 |
Change is on Sep 2nd as compared to 26th Aug 2011
Change is per tonne
WRC
6.5mm
Common
| Location | CNY | USD |
| Changsha | 0 | 0 |
| Chengdu | 0 | 0 |
| Guiyang | -10 | -2 |
| Hangzhou | -10 | -2 |
| Kunming | 0 | 0 |
| Nanjing | -10 | -2 |
| Shanghai | -30 | -5 |
| Urumchi | 0 | 0 |
| Zhengzhou | 0 | 0 |
Change is on Sep 2nd as compared to 26th Aug 2011
Change is per tonne
Rebars
20mm
HRB 400
| Location | CNY | USD |
| Beijing | 10 | 2 |
| Changsha | -10 | -2 |
| Chengdu | 0 | 0 |
| Chongqing | -10 | -2 |
| Fuzhou | -30 | -5 |
| Guangzhou | -50 | -8 |
| Guiyang | -10 | -2 |
| Hangzhou | -20 | -3 |
| Harbin | -10 | -2 |
| Hefei | -30 | -5 |
| Jinan | 0 | 0 |
| Kunming | 0 | 0 |
| Lanzhou | -30 | -5 |
| Nanchang | 0 | 0 |
| Nanjing | -40 | -6 |
| Shanghai | 0 | 0 |
| Shenyang | -10 | -2 |
| Shijiazhuang | 0 | 0 |
| Taiyuan | -50 | -8 |
| Tianjin | 0 | 0 |
| Urumchi | 0 | 0 |
| Wuhan | 0 | 0 |
| Xian | -50 | -8 |
| Zhengzhou | 0 | 0 |
Change is on Sep 2nd as compared to 26th Aug 2011
Change is per tonne
Angle
#5
| Location | CNY | USD |
| Shanghai | 0 | 0 |
| Hangzhou | 0 | 0 |
| Nanjing | 0 | 0 |
| Jinan | 0 | 0 |
| Hefei | 0 | 0 |
| Fuzhou | 0 | 0 |
| Nanchang | 0 | 0 |
| Guangzhou | 0 | 0 |
| Changsha | -20 | -3 |
| Wuhan | 0 | 0 |
| Zhengzhou | -50 | -8 |
| Beijing | 20 | 3 |
| Tianjin | 30 | 5 |
| Shijiazhuang | 20 | 3 |
| Taiyuan | 0 | 0 |
| Shenyang | 0 | 0 |
| Harbin | 0 | 0 |
| Chongqing | 0 | 0 |
| Chengdu | 0 | 0 |
| Kunming | 30 | 5 |
| Xian | 0 | 0 |
| Lanzhou | 0 | 0 |
| Urumchi | 0 | 0 |
Change is on Sep 2nd as compared to 26th Aug 2011
Change is per tonne
Channel
#16
| Location | CNY | USD |
| Shanghai | 0 | 0 |
| Hangzhou | 0 | 0 |
| Nanjing | -10 | -2 |
| Jinan | 0 | 0 |
| Hefei | 0 | 0 |
| Fuzhou | 0 | 0 |
| Nanchang | 0 | 0 |
| Guangzhou | 0 | 0 |
| Changsha | -20 | -3 |
| Wuhan | 0 | 0 |
| Zhengzhou | 0 | 0 |
| Beijing | 30 | 5 |
| Tianjin | 30 | 5 |
| Shijiazhuang | 0 | 0 |
| Taiyuan | 0 | 0 |
| Shenyang | 0 | 0 |
| Harbin | 0 | 0 |
| Chongqing | 0 | 0 |
| Chengdu | 0 | 0 |
| Kunming | 0 | 0 |
| Xian | -20 | -3 |
| Lanzhou | 0 | 0 |
| Urumchi | 100 | 15 |
Change is on Sep 2nd as compared to 26th Aug 2011
Change is per tonne
Beam
#25
| Location | CNY | USD |
| Shanghai | 0 | 0 |
| Hangzhou | 0 | 0 |
| Nanjing | 0 | 0 |
| Jinan | 0 | 0 |
| Hefei | 0 | 0 |
| Fuzhou | 0 | 0 |
| Nanchang | 0 | 0 |
| Guangzhou | 0 | 0 |
| Changsha | 0 | 0 |
| Wuhan | 0 | 0 |
| Zhengzhou | -20 | -3 |
| Beijing | 0 | 0 |
| Tianjin | 0 | 0 |
| Shijiazhuang | 0 | 0 |
| Taiyuan | 0 | 0 |
| Shenyang | 50 | 8 |
| Harbin | 40 | 6 |
| Chongqing | 0 | 0 |
| Chengdu | 0 | 0 |
| Kunming | 0 | 0 |
| Xian | 0 | 0 |
| Lanzhou | 0 | 0 |
| Urumchi | 100 | 15 |
Change is on Sep 2nd as compared to 26th Aug 2011
Change is per tonne
2. Flats products
HRC
4.75mm
Common
| Location | CNY | USD |
| Beijing | 0 | 0 |
| Changsha | 0 | 0 |
| Chengdu | 0 | 0 |
| Chongqing | 0 | 0 |
| Fuzhou | 0 | 0 |
| Guangzhou | -10 | -2 |
| Hangzhou | 10 | 2 |
| Harbin | 0 | 0 |
| Hefei | -20 | -3 |
| Jinan | -10 | -2 |
| Kunming | 0 | 0 |
| Lanzhou | 20 | 3 |
| Nanchang | 0 | 0 |
| Nanjing | -10 | -2 |
| Shanghai | -20 | -3 |
| Shenyang | 0 | 0 |
| Shijiazhuang | 0 | 0 |
| Taiyuan | 0 | 0 |
| Tianjin | 10 | 2 |
| Urumchi | -20 | -3 |
| Wuhan | -10 | -2 |
| Xian | 20 | 3 |
| Zhengzhou | 0 | 0 |
Change is on Sep 2nd as compared to 26th Aug 2011
Change is per tonne
Plates
20mm
Common
| Location | CNY | USD |
| Beijing | -10 | -2 |
| Changsha | -50 | -8 |
| Chengdu | -10 | -2 |
| Chongqing | 0 | 0 |
| Fuzhou | 0 | 0 |
| Guangzhou | -20 | -3 |
| Hangzhou | -10 | -2 |
| Harbin | -20 | -3 |
| Hefei | 0 | 0 |
| Jinan | -10 | -2 |
| Kunming | 0 | 0 |
| Lanzhou | 0 | 0 |
| Nanchang | 0 | 0 |
| Nanjing | 0 | 0 |
| Shanghai | 0 | 0 |
| Shenyang | 0 | 0 |
| Taiyuan | 0 | 0 |
| Tianjin | 0 | 0 |
| Urumchi | -20 | -3 |
| Wuhan | 0 | 0 |
| Xian | 0 | 0 |
| Zhengzhou | 0 | 0 |
Change is on Sep 2nd as compared to 26th Aug 2011
Change is per tonne
Pig Iron
Z18-22
Foundry
| Location | CNY | USD |
| Kunming | 0 | 0 |
| Changzhou | 20 | 3 |
| Xuzhou | 50 | 8 |
| Linyi | 30 | 5 |
| Weihai | 0 | 0 |
| Wuan | 50 | 8 |
| Taiyuan | 0 | 0 |
| Yicheng | 20 | 3 |
| Linzhou | 50 | 8 |
| Guiyang | 0 | 0 |
| Harbin | 0 | 0 |
| Anshan | 30 | 5 |
Change is on Sep 2nd as compared to 26th Aug 2011
Change is per tonne
HR Strip
183*2.75
| Location | CNY | USD |
| Shanghai | 0 | 0 |
| Hangzhou | 0 | 0 |
| Guangzhou | 40 | 6 |
| Wuhan | 20 | 3 |
| Tianjin | 0 | 0 |
| Chengdu | 0 | 0 |
| Wuxi | 0 | 0 |
| Lecong | 40 | 6 |
| Tangshan | 0 | 0 |
Change is on Sep 2nd as compared to 26th Aug 2011
Change is per tonne
CR
1.0mm
Common
| Location | CNY | USD |
| Beijing | 0 | 0 |
| Changsha | 20 | 3 |
| Chengdu | 40 | 6 |
| Chongqing | 10 | 2 |
| Fuzhou | 0 | 0 |
| Guangzhou | 0 | 0 |
| Hangzhou | 20 | 3 |
| Harbin | 0 | 0 |
| Hefei | 170 | 26 |
| Jinan | 0 | 0 |
| Kunming | 0 | 0 |
| Lanzhou | 0 | 0 |
| Nanchang | 0 | 0 |
| Nanjing | 130 | 20 |
| Qingdao | 0 | 0 |
| Shanghai | 20 | 3 |
| Shenyang | 0 | 0 |
| Shijiazhuang | 0 | 0 |
| Taiyuan | 0 | 0 |
| Tianjin | -20 | -3 |
| Urumchi | 0 | 0 |
| Wuhan | 40 | 6 |
| Xian | 50 | 8 |
| Zhengzhou | 0 | 0 |
Change is on Sep 2nd as compared to 26th Aug 2011
Change is per tonne
