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Monday Market Monitor - China - WEEK 50 - Up but in cautious mode
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Monday, 17 Dec 2012
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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.

Class07-Dec14-DecChange%
CLPPI63666392260.4%
CFPPI60146048340.6%
CHISPI61666197310.5%


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

Long Products

Category07-Dec14-DecChange%
PI-WRC62676298310.5%
PI-Rebar64856506210.3%


PI - Product Index

Flat Products

Category07-Dec14-DecChange%
PI-PLTS52825311290.5%
PI-HR61356179440.7%
PI-CR61366152160.3%
PI-GP6232623750.1%


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

LocationCNYUSD
Shanghai7011
Jiangsu7011
Shandong8013
Fujian10016
Guangdong609
Henan-20-3
Hebei508
Shanxi406
Liaoning203
Yunnan305


Change is on 14th December as compared to 7th December 2012
Change is per tonne

WRC
6.5mm
High Speed

LocationCNYUSD
Shanghai102
Hangzhou508
Nanjing406
Wuxi7011
Jinan00
Hefei305
Fuzhou-20-3
Nanchang203
Guangzhou00
Nanning00
Changsha609
Wuhan8013
Zhengzhou102
Beijing00
Tianjin406
Baotou305
Shijiazhuang00
Taiyuan203
Shenyang00
Changchun00
Harbin00
Chongqing00
Chengdu102
Guiyang-30-5
Kunming00
Xian406
Lanzhou406
Urumchi00


Change is on 14th December as compared to 7th December 2012
Change is per tonne

Rebars
20mm
HRB 400

LocationCNYUSD
Shanghai406
Hangzhou8013
Nanjing508
Wuxi203
Jinan203
Hefei305
Fuzhou-30-5
Nanchang203
Guangzhou00
Nanning-70-11
Changsha305
Wuhan7011
Zhengzhou508
Beijing00
Tianjin-10-2
Baotou-80-13
Shijiazhuang102
Taiyuan00
Shenyang00
Changchun00
Harbin00
Chongqing00
Chengdu305
Guiyang-10-2
Kunming00
Xian203
Lanzhou508
Urumchi00


Change is on 14th December as compared to 7th December 2012
Change is per tonne

Angle
#5

LocationCNYUSD
Shanghai00
Hangzhou00
Nanjing00
Wuxi00
Jinan00
Hefei00
Fuzhou00
Nanchang508
Guangzhou00
Nanning00
Changsha00
Wuhan00
Zhengzhou00
Beijing406
Tianjin00
Baotou508
Shijiazhuang508
Taiyuan00
Shenyang00
Changchun00
Harbin00
Chongqing00
Chengdu00
Guiyang00
Kunming00
Xian00
Lanzhou00
Urumchi00


Change is on 14th December as compared to 7th December 2012
Change is per tonne

Channel
#16

LocationCNYUSD
Shanghai-3680-576
Hangzhou00
Nanjing00
Wuxi00
Jinan-20-3
Hefei00
Fuzhou00
Nanchang508
Guangzhou-30-5
Nanning00
Changsha00
Wuhan00
Zhengzhou00
Beijing406
Tianjin00
Baotou508
Shijiazhuang508
Taiyuan00
Shenyang00
Changchun00
Harbin00
Chongqing00
Chengdu00
Guiyang00
Kunming00
Xian00
Lanzhou00
Urumchi00


Change is on 14th December as compared to 7th December 2012
Change is per tonne

Beam
#25

LocationCNYUSD
Shanghai00
Hangzhou00
Nanjing00
Wuxi00
Jinan00
Hefei00
Fuzhou00
Nanchang508
Guangzhou00
Nanning00
Changsha00
Wuhan00
Zhengzhou-20-3
Beijing406
Tianjin00
Baotou508
Shijiazhuang508
Taiyuan508
Shenyang00
Changchun00
Harbin00
Chongqing00
Chengdu00
Guiyang00
Kunming00
Xian00
Lanzhou00
Urumchi00


Change is on 14th December as compared to 7th December 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)

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