The Chinese domestic prices continued their Southward march last week reflecting serious issues in economy as well as steel sector
Over the last few years it has been observed that Chinese steel market players normally take even a small event as a signal for revival enthusing life in steel prices. But it is worrisome this time as the Chinese government’s lowering of RRR has gone unnoticed reflecting serious issues in the market.
In fact during an online poll during Week 49 “Lowering of RRR by Chinese central bank to push up steel prices in China”, 53% participants did not believe any positive effect on steel prices.
But some of the steel mills are hoping for better pastures in 2012 as they have maintained or slightly increased prices of some flat products for January. But the reality would unveil only in times to come by.
The Chinese Long Product Price Index CLPPI has gone down by 34 points last week whereas the Chinese Flat Products Index CFPPI has also gone down by 16 points. The overall price index CHISPI declined by 24 points.
| Class | 09-Dec | 16-Dec | Change | % |
| CLPPI | 7828 | 7794 | -34 | -0.4% |
| CFPPI | 6796 | 6780 | -16 | -0.2% |
| CHISPI | 7243 | 7219 | -24 | -0.3% |
CLPPI - Chinese Long Product Price Index
CFPPI - Chinese Flat Product Price Index
CHISPI - Chinese Steel Price Index
Long Products
| Category | 09-Dec | 16-Dec | Change | % |
| PI-WRC | 7855 | 7814 | -41 | -0.5% |
| PI-Rebar | 7795 | 7769 | -26 | -0.3% |
PI - Product Index
Flat Products
| Category | 09-Dec | 16-Dec | Change | % |
| PI-PLTS | 6048 | 6035 | -13 | -0.2% |
| PI-HR | 6936 | 6927 | -9 | -0.1% |
| PI-CR | 7021 | 7000 | -21 | -0.3% |
| PI-GP | 6719 | 6664 | -55 | -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 | -10 | -2 |
| Fujian | -60 | -9 |
| Guangdong | -40 | -6 |
| Henan | -30 | -5 |
| Hebei | -20 | -3 |
| Shanxi | -40 | -6 |
| Liaoning | -20 | -3 |
| Yunnan | 0 | 0 |
Change is on Dec 16th as compared to 9th Dec 2011
Change is per tonne
WRC
6.5mm
High Speed
| Location | CNY | USD |
| Shanghai | 0 | 0 |
| Hangzhou | 0 | 0 |
| Nanjing | 0 | 0 |
| Wuxi | -30 | -5 |
| Jinan | -40 | -6 |
| Hefei | -30 | -5 |
| Fuzhou | 30 | 5 |
| Nanchang | -130 | -20 |
| Guangzhou | 10 | 2 |
| Nanning | -90 | -14 |
| Changsha | 20 | 3 |
| Wuhan | -30 | -5 |
| Zhengzhou | -10 | -2 |
| Beijing | 0 | 0 |
| Tianjin | 0 | 0 |
| Baotou | -20 | -3 |
| Shijiazhuang | -60 | -9 |
| Taiyuan | -20 | -3 |
| Shenyang | 0 | 0 |
| Changchun | 0 | 0 |
| Harbin | 0 | 0 |
| Chongqing | -40 | -6 |
| Chengdu | 20 | 3 |
| Guiyang | -50 | -8 |
| Kunming | 0 | 0 |
| Xian | -140 | -22 |
| Lanzhou | -60 | -9 |
| Urumchi | 0 | 0 |
Change is on Dec 16th as compared to 9th Dec 2011
Change is per tonne
Rebars
20mm
HRB 400
| Location | CNY | USD |
| Shanghai | 10 | 2 |
| Hangzhou | -10 | -2 |
| Nanjing | 10 | 2 |
| Wuxi | 0 | 0 |
| Jinan | -160 | -25 |
| Hefei | 0 | 0 |
| Fuzhou | 0 | 0 |
| Nanchang | -10 | -2 |
| Guangzhou | 20 | 3 |
| Nanning | -50 | -8 |
| Changsha | -20 | -3 |
| Wuhan | 0 | 0 |
| Zhengzhou | -10 | -2 |
| Beijing | -10 | -2 |
| Tianjin | 50 | 8 |
| Baotou | -20 | -3 |
| Shijiazhuang | -20 | -3 |
| Taiyuan | -20 | -3 |
| Shenyang | 0 | 0 |
| Changchun | 0 | 0 |
| Harbin | 0 | 0 |
| Chongqing | 0 | 0 |
| Chengdu | 20 | 3 |
| Guiyang | -10 | -2 |
| Kunming | -20 | -3 |
| Xian | -90 | -14 |
| Lanzhou | -70 | -11 |
| Urumchi | 0 | 0 |
Change is on Dec 16th as compared to 9th Dec 2011
Change is per tonne
Angle
#5
| Location | CNY | USD |
| Shanghai | -20 | -3 |
| Hangzhou | -20 | -3 |
| Nanjing | -70 | -11 |
| Wuxi | -10 | -2 |
| Jinan | 0 | 0 |
| Hefei | 0 | 0 |
| Fuzhou | -50 | -8 |
| Nanchang | -50 | -8 |
| Guangzhou | -20 | -3 |
| Nanning | 0 | 0 |
| Changsha | -40 | -6 |
| Wuhan | -20 | -3 |
| Zhengzhou | -20 | -3 |
| Beijing | -50 | -8 |
| Tianjin | 0 | 0 |
| Baotou | 0 | 0 |
| Shijiazhuang | -50 | -8 |
| Taiyuan | -50 | -8 |
| 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 | -20 | -3 |
| Urumchi | 0 | 0 |
Change is on Dec 16th as compared to 9th Dec 2011
Change is per tonne
Channel
#16
| Location | CNY | USD |
| Shanghai | -20 | -3 |
| Hangzhou | -20 | -3 |
| Nanjing | -30 | -5 |
| Wuxi | -30 | -5 |
| Jinan | -30 | -5 |
| Hefei | 0 | 0 |
| Fuzhou | -50 | -8 |
| Nanchang | -50 | -8 |
| Guangzhou | 0 | 0 |
| Nanning | -20 | -3 |
| Changsha | -40 | -6 |
| Wuhan | -20 | -3 |
| Zhengzhou | -30 | -5 |
| Beijing | -50 | -8 |
| Tianjin | 0 | 0 |
| Baotou | 0 | 0 |
| Shijiazhuang | -80 | -13 |
| Taiyuan | -40 | -6 |
| Shenyang | -50 | -8 |
| Changchun | -50 | -8 |
| Harbin | -50 | -8 |
| Chongqing | 0 | 0 |
| Chengdu | 0 | 0 |
| Guiyang | 0 | 0 |
| Kunming | 0 | 0 |
| Xian | 0 | 0 |
| Lanzhou | 0 | 0 |
| Urumchi | 0 | 0 |
Change is on Dec 16th as compared to 9th Dec 2011
Change is per tonne
Beam
#25
| Location | CNY | USD |
| Shanghai | -30 | -5 |
| Hangzhou | -50 | -8 |
| Nanjing | 0 | 0 |
| Wuxi | -20 | -3 |
| Jinan | 0 | 0 |
| Hefei | 0 | 0 |
| Fuzhou | -50 | -8 |
| Nanchang | -50 | -8 |
| Guangzhou | -40 | -6 |
| Nanning | -100 | -16 |
| Changsha | 0 | 0 |
| Wuhan | -20 | -3 |
| Zhengzhou | -30 | -5 |
| Beijing | -40 | -6 |
| Tianjin | 0 | 0 |
| Baotou | 0 | 0 |
| Shijiazhuang | -50 | -8 |
| Taiyuan | -50 | -8 |
| Shenyang | 0 | 0 |
| Changchun | 0 | 0 |
| Harbin | 0 | 0 |
| Chongqing | 0 | 0 |
| Chengdu | 20 | 3 |
| Guiyang | 0 | 0 |
| Kunming | 0 | 0 |
| Xian | 0 | 0 |
| Lanzhou | 0 | 0 |
| Urumchi | 0 | 0 |
Change is on Dec 16th as compared to 9th Dec 2011
Change is per tonne
2. Flats products
HRC
5.75mm
Common
| Location | CNY | USD |
| Shanghai | 10 | 2 |
| Hangzhou | 0 | 0 |
| Nanjing | 20 | 3 |
| Wuxi | 20 | 3 |
| Jinan | -40 | -6 |
| Hefei | 0 | 0 |
| Fuzhou | 50 | 8 |
| Nanchang | 0 | 0 |
| Guangzhou | 20 | 3 |
| Nanning | 0 | 0 |
| Changsha | -10 | -2 |
| Wuhan | -20 | -3 |
| Zhengzhou | -40 | -6 |
| Beijing | -20 | -3 |
| Tianjin | 0 | 0 |
| Baotou | -10 | -2 |
| Shijiazhuang | 0 | 0 |
| Taiyuan | -30 | -5 |
| Shenyang | -20 | -3 |
| Changchun | -10 | -2 |
| Harbin | 0 | 0 |
| Chongqing | 50 | 8 |
| Chengdu | 20 | 3 |
| Guiyang | 0 | 0 |
| Kunming | 0 | 0 |
| Xian | 0 | 0 |
| Lanzhou | 0 | 0 |
| Urumchi | 0 | 0 |
Change is on Dec 16th as compared to 9th Dec 2011
Change is per tonne
Plates
20mm
Common
| Location | CNY | USD |
| Shanghai | -20 | -3 |
| Hangzhou | -20 | -3 |
| Nanjing | -20 | -3 |
| Wuxi | 30 | 5 |
| Jinan | -20 | -3 |
| Hefei | -20 | -3 |
| Fuzhou | 0 | 0 |
| Nanchang | 0 | 0 |
| Guangzhou | 0 | 0 |
| Nanning | -20 | -3 |
| Changsha | -20 | -3 |
| Wuhan | -10 | -2 |
| Zhengzhou | 0 | 0 |
| Beijing | 30 | 5 |
| Tianjin | 0 | 0 |
| Baotou | -30 | -5 |
| Shijiazhuang | 0 | 0 |
| Taiyuan | -20 | -3 |
| Shenyang | 0 | 0 |
| Changchun | 0 | 0 |
| Harbin | -30 | -5 |
| Chongqing | 0 | 0 |
| Chengdu | 0 | 0 |
| Guiyang | -50 | -8 |
| Kunming | -20 | -3 |
| Xian | -10 | -2 |
| Lanzhou | 0 | 0 |
| Urumchi | 0 | 0 |
Change is on Dec 16th as compared to 9th Dec 2011
Change is per tonne
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