November 30 rate cut was expected to spark revival in the domestic market. Nearly a week into December moorings remains silent. The unexpected solitude has its roots in the contradictions afflicting the market.
Despite a valiant attempt by Chinese government to spruce the sagging market sentiments impact was muted in market as the protracted crisis in Europe continued to loom large over the market psyche. Despite mills craving for going full hog on production the susceptible export market and the winter setting in demand remains hibernating.
Even though the more volatile iron ore market has improved in anticipation of hiked buying the finished market fails to exude the same confidence. The ensuing imbroglio is holding the market in limbo.
The Chinese Long Product Price Index CLPPI has gone down by 24 points last week whereas the Chinese Flat Products Index CFPPI has also gone down by 21 points. The overall price index CHISPI declined by 22 points.
| Class | 02-Dec | 09-Dec | Change | % |
| CLPPI | 7852 | 7828 | -24 | -0.3% |
| CFPPI | 6817 | 6796 | -21 | -0.3% |
| CHISPI | 7265 | 7243 | -22 | -0.3% |
CLPPI - Chinese Long Product Price Index
CFPPI - Chinese Flat Product Price Index
CHISPI - Chinese Steel Price Index
Long Products
| Category | 02-Dec | 09-Dec | Change | % |
| PI-WRC | 7882 | 7855 | -27 | -0.3% |
| PI-Rebar | 7815 | 7795 | -20 | -0.3% |
PI - Product Index
Flat Products
| Category | 02-Dec | 09-Dec | Change | % |
| PI-PLTS | 6072 | 6048 | -24 | -0.4% |
| PI-HR | 6949 | 6936 | -13 | -0.2% |
| PI-CR | 7050 | 7021 | -29 | -0.4% |
| PI-GP | 6775 | 6719 | -56 | -0.8% |
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 |
| Shanghai | 0 | 0 |
| Jiangsu | 0 | 0 |
| Shandong | -40 | -6 |
| Fujian | 0 | 0 |
| Guangdong | -20 | -3 |
| Henan | -20 | -3 |
| Hebei | -70 | -11 |
| Shanxi | 0 | 0 |
| Liaoning | 0 | 0 |
| Yunnan | 0 | 0 |
Change is on Dec 9th as compared to 2nd Dec 2011
Change is per tonne
WRC
6.5mm
High Speed
| Location | CNY | USD |
| Shanghai | 0 | 0 |
| Hangzhou | -10 | -2 |
| Nanjing | 0 | 0 |
| Wuxi | 0 | 0 |
| Jinan | -50 | -8 |
| Hefei | -10 | -2 |
| Fuzhou | 0 | 0 |
| Nanchang | -100 | -16 |
| Guangzhou | 10 | 2 |
| Nanning | 50 | 8 |
| Changsha | 20 | 3 |
| Wuhan | -30 | -5 |
| Zhengzhou | -60 | -9 |
| Beijing | -50 | -8 |
| Tianjin | -50 | -8 |
| Baotou | 0 | 0 |
| Shijiazhuang | -30 | -5 |
| Taiyuan | -40 | -6 |
| Shenyang | 0 | 0 |
| Changchun | 0 | 0 |
| Harbin | 0 | 0 |
| Chongqing | 40 | 6 |
| Chengdu | 0 | 0 |
| Guiyang | 40 | 6 |
| Kunming | 0 | 0 |
| Xian | -100 | -16 |
| Lanzhou | -70 | -11 |
| Urumchi | 0 | 0 |
Change is on Dec 9th as compared to 2nd Dec 2011
Change is per tonne
Rebars
20mm
HRB 400
| Location | CNY | USD |
| Shanghai | 0 | 0 |
| Hangzhou | 0 | 0 |
| Nanjing | 20 | 3 |
| Wuxi | 0 | 0 |
| Jinan | -80 | -13 |
| Hefei | 30 | 5 |
| Fuzhou | 20 | 3 |
| Nanchang | -40 | -6 |
| Guangzhou | 20 | 3 |
| Nanning | 20 | 3 |
| Changsha | -20 | -3 |
| Wuhan | -20 | -3 |
| Zhengzhou | -20 | -3 |
| Beijing | -40 | -6 |
| Tianjin | -70 | -11 |
| Baotou | 0 | 0 |
| Shijiazhuang | -120 | -19 |
| Taiyuan | -20 | -3 |
| Shenyang | 0 | 0 |
| Changchun | 0 | 0 |
| Harbin | 0 | 0 |
| Chongqing | 80 | 13 |
| Chengdu | 0 | 0 |
| Guiyang | 50 | 8 |
| Kunming | 0 | 0 |
| Xian | -80 | -13 |
| Lanzhou | -40 | -6 |
| Urumchi | 0 | 0 |
Change is on Dec 9th as compared to 2nd Dec 2011
Change is per tonne
Angle
#5
| Location | CNY | USD |
| Shanghai | 0 | 0 |
| Hangzhou | 0 | 0 |
| Nanjing | 0 | 0 |
| Wuxi | 0 | 0 |
| Jinan | -50 | -8 |
| Hefei | -30 | -5 |
| Fuzhou | 0 | 0 |
| Nanchang | 0 | 0 |
| Guangzhou | -50 | -8 |
| Nanning | 0 | 0 |
| Changsha | -30 | -5 |
| Wuhan | 0 | 0 |
| Zhengzhou | 0 | 0 |
| Beijing | 0 | 0 |
| Tianjin | 0 | 0 |
| Baotou | 0 | 0 |
| Shijiazhuang | 0 | 0 |
| Taiyuan | 0 | 0 |
| Shenyang | 0 | 0 |
| Changchun | 0 | 0 |
| Harbin | 0 | 0 |
| Chongqing | 0 | 0 |
| Chengdu | -50 | -8 |
| Guiyang | 0 | 0 |
| Kunming | 0 | 0 |
| Xian | 0 | 0 |
| Lanzhou | -30 | -5 |
| Urumchi | -100 | -16 |
Change is on Dec 9th as compared to 2nd Dec 2011
Change is per tonne
Channel
#16
| Location | CNY | USD |
| Shanghai | 0 | 0 |
| Hangzhou | 0 | 0 |
| Nanjing | -20 | -3 |
| Wuxi | 0 | 0 |
| Jinan | 0 | 0 |
| Hefei | -20 | -3 |
| Fuzhou | 0 | 0 |
| Nanchang | 0 | 0 |
| Guangzhou | -80 | -13 |
| Nanning | 0 | 0 |
| Changsha | -20 | -3 |
| Wuhan | 0 | 0 |
| Zhengzhou | 0 | 0 |
| Beijing | 0 | 0 |
| Tianjin | 0 | 0 |
| Baotou | 0 | 0 |
| Shijiazhuang | 0 | 0 |
| Taiyuan | 0 | 0 |
| Shenyang | 0 | 0 |
| Changchun | 0 | 0 |
| Harbin | 0 | 0 |
| Chongqing | 0 | 0 |
| Chengdu | -50 | -8 |
| Guiyang | 0 | 0 |
| Kunming | 0 | 0 |
| Xian | -50 | -8 |
| Lanzhou | -30 | -5 |
| Urumchi | -100 | -16 |
Change is on Dec 9th as compared to 2nd Dec 2011
Change is per tonne
Beam
#25
| Location | CNY | USD |
| Shanghai | -30 | -5 |
| Hangzhou | -30 | -5 |
| Nanjing | -30 | -5 |
| Wuxi | -30 | -5 |
| Jinan | 0 | 0 |
| Hefei | -20 | -3 |
| Fuzhou | 0 | 0 |
| Nanchang | 0 | 0 |
| Guangzhou | -30 | -5 |
| Nanning | 0 | 0 |
| Changsha | 0 | 0 |
| Wuhan | 0 | 0 |
| Zhengzhou | -70 | -11 |
| Beijing | 0 | 0 |
| Tianjin | 0 | 0 |
| Baotou | 0 | 0 |
| Shijiazhuang | 0 | 0 |
| Taiyuan | 0 | 0 |
| Shenyang | 0 | 0 |
| Changchun | 0 | 0 |
| Harbin | 0 | 0 |
| Chongqing | 0 | 0 |
| Chengdu | -50 | -8 |
| Guiyang | 0 | 0 |
| Kunming | 0 | 0 |
| Xian | 0 | 0 |
| Lanzhou | 0 | 0 |
| Urumchi | -100 | -16 |
Change is on Dec 9th as compared to 2nd Dec 2011
Change is per tonne
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