Steel market in China got a jerk with slight improvement. More than the quantum it was the temperament which was encouraging. In the backdrop of healthy growth in manufacturing activity for the first time in 13 months in November, according to a survey of factory managers by HSBC, Adding to evidence that the world's No. 2 economy is recovering after seven quarter optimism was galore.
HSBC data showed that Purchasing Managers’ Index (PMI) in November bounced up to 50.4, the first time above the 50 boom-or-bust line in 13 months.
New regime in China gave indication of growth driven economic stability in their policy statement.
Despite optimism in market sense of caution was prevalent during the winter season when business activity slows down. At the same time there was purchase management index (PMI) for China's steel distribution sector dropped 5.1 percentage points MoM to 45.2 in November indicating declining of steel prices.
Hence the market remained cautious with anticipated break after the winter holidays but before Chinese New Year in early February.
The Chinese Long Product Price Index CLPPI has gone up by 26 points last week whereas the Chinese Flat Products Index CFPPI has also gone up by 34 points. The overall price index CHISPI inclined by 31 points.
| Class | 07-Dec | 14-Dec | Change | % |
| CLPPI | 6366 | 6392 | 26 | 0.4% |
| CFPPI | 6014 | 6048 | 34 | 0.6% |
| CHISPI | 6166 | 6197 | 31 | 0.5% |
CLPPI - Chinese Long Product Price Index
CFPPI - Chinese Flat Product Price Index
CHISPI - Chinese Steel Price Index
Long Products
| Category | 07-Dec | 14-Dec | Change | % |
| PI-WRC | 6267 | 6298 | 31 | 0.5% |
| PI-Rebar | 6485 | 6506 | 21 | 0.3% |
PI - Product Index
Flat Products
| Category | 07-Dec | 14-Dec | Change | % |
| PI-PLTS | 5282 | 5311 | 29 | 0.5% |
| PI-HR | 6135 | 6179 | 44 | 0.7% |
| PI-CR | 6136 | 6152 | 16 | 0.3% |
| PI-GP | 6232 | 6237 | 5 | 0.1% |
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 | 70 | 11 |
| Jiangsu | 70 | 11 |
| Shandong | 80 | 13 |
| Fujian | 100 | 16 |
| Guangdong | 60 | 9 |
| Henan | -20 | -3 |
| Hebei | 50 | 8 |
| Shanxi | 40 | 6 |
| Liaoning | 20 | 3 |
| Yunnan | 30 | 5 |
Change is on 14th December as compared to 7th December 2012
Change is per tonne
WRC
6.5mm
High Speed
| Location | CNY | USD |
| Shanghai | 10 | 2 |
| Hangzhou | 50 | 8 |
| Nanjing | 40 | 6 |
| Wuxi | 70 | 11 |
| Jinan | 0 | 0 |
| Hefei | 30 | 5 |
| Fuzhou | -20 | -3 |
| Nanchang | 20 | 3 |
| Guangzhou | 0 | 0 |
| Nanning | 0 | 0 |
| Changsha | 60 | 9 |
| Wuhan | 80 | 13 |
| Zhengzhou | 10 | 2 |
| Beijing | 0 | 0 |
| Tianjin | 40 | 6 |
| Baotou | 30 | 5 |
| Shijiazhuang | 0 | 0 |
| Taiyuan | 20 | 3 |
| Shenyang | 0 | 0 |
| Changchun | 0 | 0 |
| Harbin | 0 | 0 |
| Chongqing | 0 | 0 |
| Chengdu | 10 | 2 |
| Guiyang | -30 | -5 |
| Kunming | 0 | 0 |
| Xian | 40 | 6 |
| Lanzhou | 40 | 6 |
| Urumchi | 0 | 0 |
Change is on 14th December as compared to 7th December 2012
Change is per tonne
Rebars
20mm
HRB 400
| Location | CNY | USD |
| Shanghai | 40 | 6 |
| Hangzhou | 80 | 13 |
| Nanjing | 50 | 8 |
| Wuxi | 20 | 3 |
| Jinan | 20 | 3 |
| Hefei | 30 | 5 |
| Fuzhou | -30 | -5 |
| Nanchang | 20 | 3 |
| Guangzhou | 0 | 0 |
| Nanning | -70 | -11 |
| Changsha | 30 | 5 |
| Wuhan | 70 | 11 |
| Zhengzhou | 50 | 8 |
| Beijing | 0 | 0 |
| Tianjin | -10 | -2 |
| Baotou | -80 | -13 |
| Shijiazhuang | 10 | 2 |
| Taiyuan | 0 | 0 |
| Shenyang | 0 | 0 |
| Changchun | 0 | 0 |
| Harbin | 0 | 0 |
| Chongqing | 0 | 0 |
| Chengdu | 30 | 5 |
| Guiyang | -10 | -2 |
| Kunming | 0 | 0 |
| Xian | 20 | 3 |
| Lanzhou | 50 | 8 |
| Urumchi | 0 | 0 |
Change is on 14th December as compared to 7th December 2012
Change is per tonne
Angle
#5
| Location | CNY | USD |
| Shanghai | 0 | 0 |
| Hangzhou | 0 | 0 |
| Nanjing | 0 | 0 |
| Wuxi | 0 | 0 |
| Jinan | 0 | 0 |
| Hefei | 0 | 0 |
| Fuzhou | 0 | 0 |
| Nanchang | 50 | 8 |
| Guangzhou | 0 | 0 |
| Nanning | 0 | 0 |
| Changsha | 0 | 0 |
| Wuhan | 0 | 0 |
| Zhengzhou | 0 | 0 |
| Beijing | 40 | 6 |
| Tianjin | 0 | 0 |
| Baotou | 50 | 8 |
| Shijiazhuang | 50 | 8 |
| 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 14th December as compared to 7th December 2012
Change is per tonne
Channel
#16
| Location | CNY | USD |
| Shanghai | -3680 | -576 |
| Hangzhou | 0 | 0 |
| Nanjing | 0 | 0 |
| Wuxi | 0 | 0 |
| Jinan | -20 | -3 |
| Hefei | 0 | 0 |
| Fuzhou | 0 | 0 |
| Nanchang | 50 | 8 |
| Guangzhou | -30 | -5 |
| Nanning | 0 | 0 |
| Changsha | 0 | 0 |
| Wuhan | 0 | 0 |
| Zhengzhou | 0 | 0 |
| Beijing | 40 | 6 |
| Tianjin | 0 | 0 |
| Baotou | 50 | 8 |
| Shijiazhuang | 50 | 8 |
| 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 14th December as compared to 7th December 2012
Change is per tonne
Beam
#25
| Location | CNY | USD |
| Shanghai | 0 | 0 |
| Hangzhou | 0 | 0 |
| Nanjing | 0 | 0 |
| Wuxi | 0 | 0 |
| Jinan | 0 | 0 |
| Hefei | 0 | 0 |
| Fuzhou | 0 | 0 |
| Nanchang | 50 | 8 |
| Guangzhou | 0 | 0 |
| Nanning | 0 | 0 |
| Changsha | 0 | 0 |
| Wuhan | 0 | 0 |
| Zhengzhou | -20 | -3 |
| Beijing | 40 | 6 |
| Tianjin | 0 | 0 |
| Baotou | 50 | 8 |
| 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 | 0 | 0 |
| Urumchi | 0 | 0 |
Change is on 14th December as compared to 7th December 2012
Change is per tonne
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Source - Steel Price China
(www.steelguru.com)
