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.
| Class | 02-Nov | 09-Nov | Change | % |
| CLPPI | 6690 | 6680 | -10 | -0.1% |
| CFPPI | 6016 | 6055 | 39 | 0.6% |
| CHISPI | 6308 | 6326 | 18 | 0.3% |
CLPPI - Chinese Long Product Price Index
CFPPI - Chinese Flat Product Price Index
CHISPI - Chinese Steel Price Index
Long Products
| Category | 02-Nov | 09-Nov | Change | % |
| PI-WRC | 6578 | 6562 | -16 | -0.2% |
| PI-Rebar | 6826 | 6822 | -4 | -0.1% |
PI - Product Index
Flat Products
| Category | 02-Nov | 09-Nov | Change | % |
| PI-PLTS | 5216 | 5271 | 55 | 1.1% |
| PI-HR | 6179 | 6225 | 46 | 0.7% |
| PI-CR | 6082 | 6099 | 17 | 0.3% |
| PI-GP | 6175 | 6185 | 10 | 0.2% |
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
| Location | CNY | USD |
| Shanghai | 0 | 0 |
| Jiangsu | 0 | 0 |
| Shandong | -20 | -3 |
| Fujian | 0 | 0 |
| 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
| Location | CNY | USD |
| Shanghai | 50 | 8 |
| Hangzhou | 0 | 0 |
| Nanjing | 20 | 3 |
| Wuxi | 0 | 0 |
| Jinan | 0 | 0 |
| Hefei | 0 | 0 |
| Fuzhou | -80 | -13 |
| Nanchang | 60 | 9 |
| Guangzhou | -30 | -5 |
| Nanning | -40 | -6 |
| Changsha | 0 | 0 |
| Wuhan | 20 | 3 |
| Zhengzhou | 10 | 2 |
| Beijing | -90 | -14 |
| Tianjin | -50 | -8 |
| Baotou | -20 | -3 |
| Shijiazhuang | -20 | -3 |
| Taiyuan | -40 | -6 |
| Shenyang | 0 | 0 |
| Changchun | -20 | -3 |
| Harbin | 0 | 0 |
| Chongqing | 0 | 0 |
| Chengdu | 0 | 0 |
| Guiyang | 0 | 0 |
| Kunming | 0 | 0 |
| Xian | 0 | 0 |
| Lanzhou | -20 | -3 |
| Urumchi | 0 | 0 |
Change is on 9th November as compared to 2nd November 2012
Change is per tonne
Rebars
20mm
HRB 400
| Location | CNY | USD |
| Shanghai | 0 | 0 |
| Hangzhou | -20 | -3 |
| Nanjing | 20 | 3 |
| Wuxi | 0 | 0 |
| Jinan | 0 | 0 |
| Hefei | 60 | 9 |
| Fuzhou | 0 | 0 |
| Nanchang | 90 | 14 |
| Guangzhou | -10 | -2 |
| Nanning | -10 | -2 |
| Changsha | 0 | 0 |
| Wuhan | 20 | 3 |
| Zhengzhou | 20 | 3 |
| Beijing | -70 | -11 |
| Tianjin | -40 | -6 |
| Baotou | -20 | -3 |
| Shijiazhuang | 0 | 0 |
| Taiyuan | -30 | -5 |
| Shenyang | -30 | -5 |
| Changchun | -30 | -5 |
| Harbin | 0 | 0 |
| Chongqing | 10 | 2 |
| Chengdu | 0 | 0 |
| Guiyang | 0 | 0 |
| Kunming | 0 | 0 |
| Xian | 10 | 2 |
| Lanzhou | -20 | -3 |
| Urumchi | 0 | 0 |
Change is on 9th November as compared to 2nd November 2012
Change is per tonne
Angle
#5
| Location | CNY | USD |
| Shanghai | 40 | 6 |
| Hangzhou | 30 | 5 |
| Nanjing | 0 | 0 |
| Wuxi | 0 | 0 |
| Jinan | 30 | 5 |
| Hefei | 0 | 0 |
| Fuzhou | 0 | 0 |
| Nanchang | 0 | 0 |
| Guangzhou | -30 | -5 |
| Nanning | -20 | -3 |
| Changsha | 0 | 0 |
| Wuhan | 0 | 0 |
| Zhengzhou | 0 | 0 |
| Beijing | -50 | -8 |
| Tianjin | -20 | -3 |
| Baotou | -40 | -6 |
| Shijiazhuang | 0 | 0 |
| Taiyuan | 0 | 0 |
| Shenyang | 0 | 0 |
| Changchun | 0 | 0 |
| Harbin | 0 | 0 |
| Chongqing | 0 | 0 |
| Chengdu | 0 | 0 |
| Guiyang | 0 | 0 |
| Kunming | 0 | 0 |
| Xian | 0 | 0 |
| Lanzhou | -30 | -5 |
| Urumchi | 0 | 0 |
Change is on 9th November as compared to 2nd November 2012
Change is per tonne
Channel
#16
| Location | CNY | USD |
| Shanghai | 40 | 6 |
| Hangzhou | 20 | 3 |
| Nanjing | 0 | 0 |
| Wuxi | 0 | 0 |
| Jinan | 30 | 5 |
| Hefei | 0 | 0 |
| Fuzhou | 0 | 0 |
| Nanchang | 0 | 0 |
| Guangzhou | -30 | -5 |
| Nanning | -30 | -5 |
| Changsha | 0 | 0 |
| Wuhan | 20 | 3 |
| Zhengzhou | 0 | 0 |
| Beijing | -20 | -3 |
| Tianjin | -20 | -3 |
| Baotou | -30 | -5 |
| Shijiazhuang | 0 | 0 |
| Taiyuan | 0 | 0 |
| Shenyang | 0 | 0 |
| Changchun | 0 | 0 |
| Harbin | 0 | 0 |
| Chongqing | 0 | 0 |
| Chengdu | 0 | 0 |
| Guiyang | 0 | 0 |
| Kunming | 0 | 0 |
| Xian | -30 | -5 |
| Lanzhou | -20 | -3 |
| Urumchi | 0 | 0 |
Change is on 9th November as compared to 2nd November 2012
Change is per tonne
Beam
#25
| Location | CNY | USD |
| Shanghai | 40 | 6 |
| Hangzhou | 40 | 6 |
| Nanjing | 60 | 9 |
| Wuxi | 0 | 0 |
| Jinan | 30 | 5 |
| Hefei | 0 | 0 |
| Fuzhou | 0 | 0 |
| Nanchang | 0 | 0 |
| Guangzhou | -20 | -3 |
| Nanning | -30 | -5 |
| Changsha | 0 | 0 |
| Wuhan | 20 | 3 |
| Zhengzhou | 0 | 0 |
| Beijing | -20 | -3 |
| Tianjin | -20 | -3 |
| Baotou | -20 | -3 |
| Shijiazhuang | 0 | 0 |
| Taiyuan | 0 | 0 |
| Shenyang | 0 | 0 |
| Changchun | 0 | 0 |
| Harbin | 0 | 0 |
| Chongqing | 0 | 0 |
| Chengdu | 0 | 0 |
| Guiyang | 0 | 0 |
| Kunming | 0 | 0 |
| Xian | 0 | 0 |
| Lanzhou | 0 | 0 |
| Urumchi | 0 | 0 |
Change is on 9th November as compared to 2nd November 2012
Change is per tonne
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Source - Steel Price China
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