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SteelHome Morning Express (2 April 2019)

https://en.steelhome.com [SteelHome] 2019-04-02 10:43:27

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I Steel

SteelHome (China) Steel Price Index (SHCNSI) was 97.78 points (4,229 yuan) on 1 April 2019, down 0.22 or 9 yuan per ton from the previous trading day. Steel price in key markets overall hiked. Details are as below:

Construction steel: domestic construction steel in 28 markets averaged price hiked by 16-18 yuan/t. 20mm HRB400 rebar averaged at 4010 yuan per ton, up 18 yuan/t from previous trading day. Price hiked by 70 yuan/t in Nanning market, 10-30 yuan/t in East China, Central South China, North China, Northeast China, Southwest China and Northwest China markets except 20 yuan reduction in Urumqi market.

Medium plate: 20mm Q235B medium plat price averaged at 4054 yuan per ton in 28 domestic markets, up 6 yuan/t from previous trading day. Among them, price hiked by 10-30 yuan/t in Wuxi, Lecong, Tianjin, Shijiazhuang, Taiyuan, Baotou, Shenyang, Chongqing and Chengdu markets. The rest kept stable.

HRC: Price was basically unchanged. 5.75mm Q235B HRC average price was increased by 13 yuan to 3938 yuan per ton in 28 domestic markets. Price went up by 10-40 yuan/t in Shanghai, Wuxi, Nanchang, Lecong, Wuhan, Zhengzhou, Xi’an, North China and Northeast China markets except 20 yuan fall in Fuzhou market.

CRC: average price of 1.0mm SPCC CRC was 4442 yuan per ton in 28 domestic markets, up 1 yuan/t from previous trading day. Price hiked by 20 yuan/t in Nanchang and Wuhan markets, while decreased by 20 yuan/t in Lecong market. The rest was stable.

Table 1: SteelHome China Steel Price Index (SHCNSI) [2019-04-01]

 

Price Index

Week on week%

Month on month%

Quarter on quarter%

Year on year%

Steel Index (SHCNSI)

97.78

4229

0.01

0.21

1.61

-5.55

Long Products (SHCNSI-L)

112.2

4079

0.06

0.19

1.48

-3.41

Flat Products (SHCNSI-F)

86.57

4071

0.03

0.39

2.09

-7.32

Special Steel (SHCNSI-S)

110.27

4442

-0.04

0.24

1.1

-7.17

Stainless Steel (SHCNSI-SS)

67.34

14760

-0.52

-1.85

-0.64

-1.53

Wire Rod (SHCNSI-WR)

112.41

4158

0.07

0.23

1.78

-3.12

Rebar (SHCNSI-RB)

113.88

4029

0.1

0.14

1.5

-2.96

Section Bar (SHCNSI-SB)

109.12

4122

-0.05

0.29

0.98

-5.18

Medium Plate (SHCNSI-MP)

88.41

4128

0.11

0.42

2.15

-5.36

HR Coil (SHCNSI-HR)

85.26

3940

0.19

0.5

2.29

-7.51

CR Coil (SHCNSI-CR)

74.5

4527

-0.16

0.44

2.61

-8.85

Quality Wire (SHCNSI-QW)

104.79

4162

-0.06

0.21

0.65

-9.98

Carbon & Alloy Structural Steel (SHCNSI-CA)

111.48

4347

-0.02

0.31

1.65

-6.13

Seamless Pipe (SHCNSI-SP)

89.46

5033

-0.32

-0.33

0.67

-7.94

Strip (SHCNSI-Strip)

100.14

3772

-0.23

-0.04

0.99

-6.19

Welded Pipe (SHCNSI-WP)

105.81

4109

-0.09

0.12

1.27

-3.58

II Raw Materials

On 1 April, Tangshan common billet price was decreased by 20 yuan to 3450 yuan per ton, (cash, tax included, ex-works). Spot products in Tangshan billet market were priced at 3490-3500 yuan per with flat transaction. The market was impacted by VAT reduction.

On 1 April,  iron ore market saw both hike and decline. SteelHome data showed that China Domestic Iron Ore Price Index (SHCNDOI) 65% was 748 yuan per ton, down 9 yuan/t and SteelHome Imported Iron Ore Price Index (SHCNIOI) 62% was 87.12 dollars per ton, up 0.47 dollar/t.

Spot ore transacting price which was based on 13% VAT was basically stable from late Friday at China ports, For instance, PB fines trading price was 630 yuan per ton at Qingdao port and Carajars fines at Caofeidian port were traded at 715 yuan per ton. Overall transactions were flat.

Seaborne iron ore markets hiked. GlobalORE trading price was101 dollars/t for 0.12 million tons 62% Carajars fines with deadline laycan on 22 March 2019.

 

Table 2: China Raw Material Import Price Aggregates on 1 April 2019

Price in US$ per ton  1 USD= 6.7193 (Yuan) on Apr. 28

Products

Iron ore fines

Iron ore fines

Iron ore fines

Iron ore fines

Iron ore fines

Prime coking coal

PCI

HBI

scrap

pig iron

Spec.

Fe:65%

Fe:62%

Fe:63.5%

Fe:58%

Fe:52%

V:25%

A:12%

Fe:84%

HMS1

Si:1.0%

price

98.5

88

89

71

48

186

138

325

315

315

Up/Down

↑0.5

↑0.5

↑0.5

↑0.5

↑0.5

manufacturer

Carajas

Pilbara

Orissa

Goa

Goa

Australia

Australia

Venezuela

US

Rus

Note

dry basis/dollars/t (CIF)

dry basis/dollars/t (CIF)

dry basis/dollars/t (CIF)

dry basis/dollars/t (CIF)

dry basis/dollars/t (CIF)

CIF, USD/t/mid-vol prime coking coal

dollars/t (CIF)

dollars/t(CIF)

dollars/t (CIF)

dollars/t (CIF)

 III Futures (night offer)

Table 3: Futures (night offer)

Product

night offer (End time: 23:30 1 April ) (yuan)

Growth

Rebar RB1905

3484

-13

HRC HC1905

3750

-28

Coke J1905

2008.5

-8.5

Coking coal JM1905

1243

-5.5

Iron ore I1905

646

-4

Thermal coal ZC1905

606.6

-2.2

IV Steelmakers’ ex-works price policy

47 steelmakers released ex-works price policy on 1 April, 2019.

Mill

Product

Size

Ex-works (yuan per ton) price

Up/down (yuan per ton)

Maanshan Steel

rebar

Φ16-25mm HRB400

4090

-

coiled rebar

Φ8-12mm HRB400

4240

-

high speed wire rod

Φ6-10mm HRB300

4200

-

Nanjing Steel

rebar

Φ16-25mm HRB400

4000

-

JISCO Lanzhou

rebar

Φ18-25mm HRB400E

4150

+10

Coiled rebar

Φ8-10mm HRB400E

4290

+10

Medium plate

20mm*2000 Q235

4190

-

high speed wire rod

Φ8-10mm HRB300

4200

+10

Shuicheng Steel Guiyang

rebar

Φ18-25mm HRB400E

4180

+40

Coiled rebar

Φ8-10mm HRB400E

4140

+40

high speed wire rod

Φ8-10mm HRB300

4160

+40

Chongqing Steel

rebar

Φ18-25mm HRB400

4210

-20

coiled rebar

Φ8-10mm HRB400

4320

-20

high speed wire rod

Φ6.5mm HRB300

4400

-20

V SteelHome Event

Agenda of XV Steel Development Strategy and Supply/Demand Conference

Confirmed Speakers at XV Steel Development Strategy and Supply/Demand Conference

Invitation to SteelHome XV Steel Development Strategy Conference

Updated Agenda of XV Steel Development Strategy and Supply/Demand Conference

Chinese Major Steelmakers Profile (2018 Updated).

VI SteelHome Dynamics

Weekly Summary: China Coke Ex-works Price on Mar. 22-29, 2019

90 Coal Enterprises Produced 0.39 Billion Tons of Raw Coal in Jan-Feb, 2019

Weekly Summary: China Coke Procurement Price for Mar. 122-29, 2019

Weekly Summary: China PCI Procurement Price for Mar. 22-29, 2019

Weekly Summary: China Coking Coal Procurement Price for Mar. 22-29, 2019

Weekly Summary: China Scrap Procurement Price for Mar. 22-29, 2019

Weekly Summary: China Iron Concentrates Procurement Price for Mar. 22-29, 2019

Weekly Report of China Steel Market for March 22-29, 2019

Rio Tinto Flags 14Mln Tonnes of Iron Ore Output Loss Due to Cyclone Veronica

Weekly Report of China Iron Ore Market for Mar.22-29, 2019

Rio Tinto Declares Force Majeure on Iron Ore Shipments to Some Customers

Weekly Report of China Coal Market for March 22-29, 2019

SteelHome: Production Cost of Billet in Hebei Tangshan City (March 22-29, 2019)

SteelHome: Production Cost of Steel Mills (March 22-29, 2019)

Iron Ore Index Collection for Mar 29, 2019

SteelHome: China HRC/CRC/Medium Plate Inventory on March 29, 2019 (49 Chinese Steelmakers)

Indian Coke Import Price on Apr 1,2019

ArcelorMittal Applies Hydrogen in Steel Manufacturing

Czech Steel Export Value Hits Record High in 2018

NLMK Expands Pelletizing Capacity through Outotec Agreement

EUROFER & IndustriALL Request Trade Protection Measures against Indonesian Stainless Steel Exports


(To contact the reporter on this story: molly.shi@steelhome.cn or 86-21-50585358)
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