Search on
News Title
News Details
Reports/Directory
Glossary
Title_head
Monday Market Monitor - China - WEEK 45 - Longs and flats divergent
804 times viewed.
Monday, 12 Nov 2012
EmailButton
Pdf_button

Lopsided price movement has been noticed in Chinese market during November. In the long battle for market revival it seems flat products have taken the lead.

Long product price have remained unchanged whereas flat product has been consistently appreciating clocking 1 % in 3 days. Even though it baffles rationale it indicates sinking demand for long product as construction work slows during the winter.

Flat product however chugs along on low inventory and high ex-mill price nudging traders to replenish. At the same time traders are not willing to undersell cargoes in consideration of low.

The Chinese Long Product Price Index CLPPI has gone down by 10 points last week whereas the Chinese Flat Products Index CFPPI has gone down by 39 points. The overall price index CHISPI inclined by 18 points.

Class02-Nov09-NovChange%
CLPPI66906680-10-0.1%
CFPPI60166055390.6%
CHISPI63086326180.3%


CLPPI - Chinese Long Product Price Index
CFPPI - Chinese Flat Product Price Index
CHISPI - Chinese Steel Price Index

Long Products

Category02-Nov09-NovChange%
PI-WRC65786562-16-0.2%
PI-Rebar68266822-4-0.1%


PI - Product Index

Flat Products

Category02-Nov09-NovChange%
PI-PLTS52165271551.1%
PI-HR61796225460.7%
PI-CR60826099170.3%
PI-GP61756185100.2%


PI - Product Index

These indices have base of 10,000 as on July 1st 2008
To know more about these indices please visit
http://steelprices-china.com/spi_services/spi.html

1. Long products

Billets
150*150
Q235

LocationCNYUSD
Shanghai00
Jiangsu00
Shandong-20-3
Fujian00
Guangdong-30-5
Henan-20-3
Hebei-40-6
Shanxi-40-6
Liaoning-60-9
Yunnan-20-3


Change is on 9th November as compared to 2nd November 2012
Change is per tonne

WRC
6.5mm
High Speed

LocationCNYUSD
Shanghai508
Hangzhou00
Nanjing203
Wuxi00
Jinan00
Hefei00
Fuzhou-80-13
Nanchang609
Guangzhou-30-5
Nanning-40-6
Changsha00
Wuhan203
Zhengzhou102
Beijing-90-14
Tianjin-50-8
Baotou-20-3
Shijiazhuang-20-3
Taiyuan-40-6
Shenyang00
Changchun-20-3
Harbin00
Chongqing00
Chengdu00
Guiyang00
Kunming00
Xian00
Lanzhou-20-3
Urumchi00


Change is on 9th November as compared to 2nd November 2012
Change is per tonne

Rebars
20mm
HRB 400

LocationCNYUSD
Shanghai00
Hangzhou-20-3
Nanjing203
Wuxi00
Jinan00
Hefei609
Fuzhou00
Nanchang9014
Guangzhou-10-2
Nanning-10-2
Changsha00
Wuhan203
Zhengzhou203
Beijing-70-11
Tianjin-40-6
Baotou-20-3
Shijiazhuang00
Taiyuan-30-5
Shenyang-30-5
Changchun-30-5
Harbin00
Chongqing102
Chengdu00
Guiyang00
Kunming00
Xian102
Lanzhou-20-3
Urumchi00


Change is on 9th November as compared to 2nd November 2012
Change is per tonne

Angle
#5

LocationCNYUSD
Shanghai406
Hangzhou305
Nanjing00
Wuxi00
Jinan305
Hefei00
Fuzhou00
Nanchang00
Guangzhou-30-5
Nanning-20-3
Changsha00
Wuhan00
Zhengzhou00
Beijing-50-8
Tianjin-20-3
Baotou-40-6
Shijiazhuang00
Taiyuan00
Shenyang00
Changchun00
Harbin00
Chongqing00
Chengdu00
Guiyang00
Kunming00
Xian00
Lanzhou-30-5
Urumchi00


Change is on 9th November as compared to 2nd November 2012
Change is per tonne

Channel
#16

LocationCNYUSD
Shanghai406
Hangzhou203
Nanjing00
Wuxi00
Jinan305
Hefei00
Fuzhou00
Nanchang00
Guangzhou-30-5
Nanning-30-5
Changsha00
Wuhan203
Zhengzhou00
Beijing-20-3
Tianjin-20-3
Baotou-30-5
Shijiazhuang00
Taiyuan00
Shenyang00
Changchun00
Harbin00
Chongqing00
Chengdu00
Guiyang00
Kunming00
Xian-30-5
Lanzhou-20-3
Urumchi00


Change is on 9th November as compared to 2nd November 2012
Change is per tonne

Beam
#25

LocationCNYUSD
Shanghai406
Hangzhou406
Nanjing609
Wuxi00
Jinan305
Hefei00
Fuzhou00
Nanchang00
Guangzhou-20-3
Nanning-30-5
Changsha00
Wuhan203
Zhengzhou00
Beijing-20-3
Tianjin-20-3
Baotou-20-3
Shijiazhuang00
Taiyuan00
Shenyang00
Changchun00
Harbin00
Chongqing00
Chengdu00
Guiyang00
Kunming00
Xian00
Lanzhou00
Urumchi00


Change is on 9th November as compared to 2nd November 2012
Change is per tonne

To know exact prevailing steel prices in China on daily basis, subscribe to services of SteelHome by sending a mail to admin@steelprices-china.com

Source - Steel Price China

(www.steelguru.com)

This is alternative content.

/
Arcelor
More Chinese News