According to SteelHome China Steel Price Index (SHCNSI),
steel price index closed at 100.81 points (4,361 yuan) on 5 May 2019, up
0.13% week on week or 0.53 point (23 yuan) from last week. Stainless
steel price index (SHCNSI-SS) closed at 65.53 points (14,363 yuan), down
0.02% week on week or down 0.03 point (7 yuan) from last week.
By Sunday, average price of 2.0mm 304/2B cold rolled stainless steel in
eight Chinese cities closed at 14,688 yuan/t, unchanged from last
weekend; that of 2.0mm 430/2B cold rolled stainless steel closed at
8,225 yuan/t, unchanged from last weekend; that of 2.0mm 201/2B cold
rolled stainless steel (plate) closed at 7,550 yuan/t, unchanged from
last weekend; that of 6.0mm 304/NO.1 hot rolled stainless steel closed
at 13,494 yuan/t, unchanged from last weekend; and that of 10.0mm
304/No.1 hot rolled stainless steel closed at 13,888 yuan/t, unchanged
over last weekend.
In the given time, stainless steel price still ran in weak pace with
flat offers.
By the end of 3 May (Thursday), LME three-month closed at 12,124
dollars/t, 196 dollars/t lower than that in last week.
From transaction aspect, affected by May Day Holiday, overall
transactions were sparse amid weak demand from end-buyers. In order to
return cost, traders gave certain negotiation to the deal price.
From steel mills aspects, daily settlement price of 2.0mm 304/2B
stainless steel coil produced by TISCO was 14,700 yuan/t, unchanged from
last week; that of 2.0mm 430/2B stainless steel coil was 8,350 yuan/t,
down 100 yuan/t from last week; and that of 304 hot rolled steel
produced by Eastern Special Steel was unchanged. Now 8.0mm 304/No.1 coil
produced by Eastern Special Steel was 13,550 yuan/t.
SteelHome predicts that stainless steel price is more likely to run in
weak pace in the next week.
Table 1: Average Price of Stainless Steel at 8 Chinese Major Markets on
5 May 2019
|
Price (Yuan per ton) |
Up/down (Yuan per ton) |
2.0mm 304/2B stainless steel flats |
14688 |
- |
2.0mm 430/2B stainless steel coil |
8225 |
- |
2.0mm 201/2B stainless steel sheet |
7550 |
- |
6.0mm 304/No.1 stainless steel coil |
13494 |
- |
10.0mm 304/No.1 stainless steel coil |
13888 |
- |
Table 2: China’s Stainless Steel Market Price (Unit: yuan per tonne)
304/2B |
Shanghai |
Wuxi |
Foshan |
Hangzhou |
Zibo |
Tianjin |
Taiyuan |
Shenyang |
Average price |
2.0mm |
5 May 2019 |
14800 |
14600 |
14600 |
14500 |
14600 |
14900 |
14650 |
14850 |
14688 |
26 April 2019 |
14800 |
14600 |
14600 |
14500 |
14600 |
14900 |
14650 |
14850 |
14688 |
Up/down |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Steelmakers |
Baoxin |
Taiyuan Steel |
Taiyuan Steel |
Taiyuan Steel |
Taiyuan Steel |
Taiyuan Steel |
Taiyuan Steel |
Taiyuan Steel |
|
430/2B |
Shanghai |
Wuxi |
Foshan |
Hangzhou |
Zibo |
Tianjin |
Taiyuan |
Shenyang |
Average price |
2.0mm |
5 May 2019 |
8300 |
8200 |
8150 |
8200 |
8200 |
8200 |
8200 |
8350 |
8225 |
26 April 2019 |
8300 |
8200 |
8150 |
8200 |
8200 |
8200 |
8200 |
8350 |
8225 |
Up/down |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Steelmakers |
TISCO |
TISCO |
TISCO |
TISCO |
TISCO |
TISCO |
TISCO |
TISCO |
|
201/2B |
Shanghai |
Wuxi |
Foshan |
Hangzhou |
Zibo |
Tianjin |
Taiyuan |
Shenyang |
Average price |
2.0mm |
5 May 2019 |
7950 |
7650 |
7250 |
7300 |
7650 |
7950 |
7350 |
7300 |
7550 |
26 April 2019 |
7950 |
7650 |
7250 |
7300 |
7650 |
7950 |
7350 |
7300 |
7550 |
Up/down |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Steelmakers |
LISCO |
LISCO |
LISCO |
LISCO |
LISCO |
LISCO |
LISCO |
LISCO |
|
304/NO1 |
Shanghai |
Wuxi |
Foshan |
Hangzhou |
Zibo |
Tianjin |
Taiyuan |
Shenyang |
Average price |
6.0mm |
5 May 2019 |
13250 |
13300 |
13900 |
12250 |
13050 |
13500 |
14450 |
14250 |
13494 |
26 April 2019 |
13250 |
13300 |
13900 |
12250 |
13150 |
13600 |
14450 |
14250 |
13519 |
Up/down |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Steelmakers |
Baosteel Stainless Steel |
Baosteel Stainless Steel |
TISCO |
Baosteel Stainless Steel |
TISCO |
TISCO |
TISCO |
TISCO |
|
10.0mm |
5 May 2019 |
13950 |
14300 |
14200 |
12600 |
13050 |
13900 |
14750 |
14350 |
13888 |
26 April 2019 |
13950 |
14300 |
14200 |
12600 |
13150 |
14000 |
14750 |
14350 |
13913 |
Up/down |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Steelmakers |
TISCO |
TISCO |
TISCO |
TISCO |
TISCO |
TISCO |
TISCO |
TISCO |
|
Raw material
Nickel
Nickel futures price vibrantly went downtrend. By Sunday, 1#
electrolyzed nickel price in spot market was 100,900 yuan/t, down 450
yuan/t from last Friday (26 April). By Thursday, LME three-month nickel
futures price closed at 12,124 dollars/t, down 196 dollars/t in a week.
Impacted by Indonesia export policy and Philippine politics, nickel
supply is to sharply grow and imported electrolytic nickel. Meanwhile,
in the late of Q2, domestic metallurgical resumption is expected to
accelerate. Nickel price will be dragged down by increasing supply and
slack demand. No matter in the short term or the long term, there is
little chance for nickel price rebound. In the spot market, orders
volume is cut and downstream demand is reduced. Traders who hold the
resources mainly promote sales.
SteelHome predicts nickel price is difficult to rebound in the next
week.
Stainless Steel Mills
1.
TISCO:
it was reported on 26 April, maintenance on No.5 blast furnace of TISCO
kicked off.
2.
Beihai Chengde Stainless Steel:
through technology innovation and technique breakthrough, Beihai Chengde
Stainless Steel develops new processing to reduce consumption of Nickel.
Downstream Industry:
1.
Auto:
Data from Customs shows that in 2018, auto enterprises totally export
1.0407 million units, up 16.82% on year. Impacted by Iran economy, China
exports 231,000 units in the first quarter of 2019, up 2.7% on year.
2.
Machinery:
Statistics from China Construction Machinery Association Excavating
Machinery Branch (CEXMA), in the first quarter of 2019, it sold 74779
units, up 24.5% on year.
3.
Household Appliance:
according to Qingdao Haier yearly report, in 2018, the company reached
183.317 billion yuan business income, up 12.17% on year and its net
profit was 7.44 billion yuan, up 7.71% on year. Compared with that in
2017, business growth slowed down.
SteelHome Dynamic:
SteelHome Products & Services
Profile of XV Steel Development Strategy and Supply/Demand Conference
Summary of SteelHome Spring Report
Wu Wenzhang: 'New Economy, New Momentum, New Challenge'
Li Xinchuang: Situation Analysis of Steel Market in 2019
Peter F.Marcus: Better Fundamentals for Global Steel in Years to 2025 |