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SteelHome Morning Express (17 May 2019)

https://en.steelhome.com [SteelHome] 2019-05-17 09:29:10

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I Steel

SteelHome (China) Steel Price Index (SHCNSI) was 99.15 points (4,289 yuan) on 16 May 2019, down 0.01 point (1 yuan) from the previous trading day. Steel price in key markets saw both hike and decline. Details are as below:

Construction steel: 20mm HRB400 rebar averaged at 4129 yuan per ton, up 5 yuan/t from previous trading day. Among them, price hiked by 10-30 yuan/t in East China, Central South China, North China markets and Xi’an market, while decreased by 30-40 yuan/t in Chongqing and Lanzhou markets. But price stopped to keep stable in most of markets.

Medium plate: 20mm Q235B medium plat price averaged at 4122 yuan per ton in 28 domestic markets, down 1 yuan/t from previous trading day. Price declined by 30 yuan/t in Fuzhou market, while headed up 10 yuan/t in Wuhan market. The rest was stable.

HRC: Price fluctuated. 5.75mm Q235B HRC average price was stable at 4029 yuan per ton in 28 domestic markets. Among the whole markets, price declined by 20-30 yuan/t in Nanning and Guiyang markets, while hiked by 10-20 yuan/t in Shanghai, Tianjin, Changchun and Harbin markets. The rest was stable.

CRC: average price of 1.0mm SPCC CRC was 4382 yuan per ton in 28 domestic markets, down 7 yuan/t from previous trading day. Price went down by 10-60 yuan/t in Hangzhou, Wuxi, Fuzhou, Lecong, Changsha, Chengdu and Guiyang markets, while hiked by 20 yuan/t in Changchun market. The price in the rest was stable.

Table 1: SteelHome China Steel Price Index (SHCNSI) [2019-05-16]

 

Price Index

Week on week%

Month on month%

Quarter on quarter%

Year on year%

Steel Index (SHCNSI)

99.15

4289

-1.04

0.16

3.83

-3.79

Long Products (SHCNSI-L)

114.66

4168

-1.26

0.24

4.58

-1.43

Flat Products (SHCNSI-F)

87.96

4136

-0.88

0.41

4.24

-5.69

Special Steel (SHCNSI-S)

109.76

4421

-1.12

-0.41

1.99

-5.22

Stainless Steel (SHCNSI-SS)

65.32

14315

-0.16

-1.69

-2.49

-1.55

Wire Rod (SHCNSI-WR)

115.66

4278

-1.35

0.59

5.47

-1.3

Rebar (SHCNSI-RB)

117.04

4141

-1.53

0.31

5.36

-0.46

Section Bar (SHCNSI-SB)

108.43

4096

-0.29

-0.52

0.89

-4.49

Medium Plate (SHCNSI-MP)

89.85

4195

-0.73

0.36

4.28

-5.04

HR Coil (SHCNSI-HR)

87.43

4040

-1.04

0.87

5.16

-5.59

CR Coil (SHCNSI-CR)

73.68

4477

-0.72

-0.95

2.89

-6.85

Quality Wire (SHCNSI-QW)

106.82

4242

-0.78

0.7

2.97

-6.61

Carbon & Alloy Structural Steel (SHCNSI-CA)

109.13

4256

-1.61

-1.23

1.84

-4.63

Seamless Pipe (SHCNSI-SP)

88.33

4969

-0.18

-0.68

0.07

-7.3

Strip (SHCNSI-Strip)

103.56

3901

-1.09

1.28

4.25

-4.38

Welded Pipe (SHCNSI-WP)

107.42

4171

-0.47

0.41

2.79

-2.73

II Raw Materials

On 15 May, Tangshan common billet price was up by 20 yuan to 3550 yuan per ton, (cash, tax included, ex-works). Spot products in Tangshan billet market were priced at 3640 yuan per with flat transaction. Billet inventory totaled at 304,500 tons in 16 stocks in Tangshan City, down by 46,400 tons from last week.

On 16 May, iron ore market overall headed up. SteelHome data showed that China Domestic Iron Ore Price Index (SHCNDOI) 65% was 788 yuan per ton, up 3 yuan/t and SteelHome Imported Iron Ore Price Index (SHCNIOI) 62% was 96.27 dollars per ton, up 1.93 dollars/t from previous day.

Spot ore transacting price hiked by 10-15 yuan/t at China ports, For instance, PB fines trading price was 693 yuan per ton at Qingdao port and Jimblebar fines at Tianjin port were traded at 680 yuan per ton with flat transactions.

Seaborne iron ore markets slightly hiked. Global platform trading price was 102.8 dollars/t for 0.17 million tons 62%BRBF fine with laycan during 8-17 June 2019.

Table 2: China Raw Material Import Price Aggregates on 16 May 2019

Price in US$ per ton  1 USD= 6.8688 (Yuan) on May 16

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

113

97.5

100

83

61

194

136

305

315

310

Up/Down

↑2

↑2

↑2

↑2

↑2

manufacturer

Carajas

Pilbara

Orissa

Goa

Goa

Australia

Australia

Venezuela

US

Russia

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 16 May ) (yuan)

Growth

Rebar RB1910

3779

+37

HRC HC1910

3688

+36

Coke J1909

2143.5

+4.5

Coking coal JM1909

1375.5

+6.5

Iron ore I1909

689

+8.5

Thermal coal ZC1909

598.8

-3

IV Steelmakers’ ex-works price policy

39 steelmakers released ex-works price policy on 17 May, 2019.

Mill

Product

Size

Ex-works (yuan per ton) price

Up/down (yuan per ton)

Maanshan Steel

rebar

Φ16-25mm HRB400

4140

-10

coiled rebar

Φ8-12mm HRB400

4300

-10

high speed wire rod

Φ6-10mm HRB300

4250

-10

Nanjing Steel

rebar

Φ16-25mm HRB400

4150

-

Youfa PIpe

Hot-dipped galvanized sheet

4*3.5 Q235

5570

+20

Longmen Steel

rebar

Φ18-25mm HRB400E

4120

-

coiled rebar

Φ8-10mm HRB400E

4200

-

high speed wire rod

Φ6.5mm HRB300

4120

-

Shaoguan Steel

rebar

Φ18-25mm HRB400

4390

+30

coiled rebar

Φ8-10mm HRB400E

4610

+30

high speed wire rod

Φ8mm HRB300

4480

+30

Anyang Steel

rebar

Φ18-20mm HRB400E

4282.7

-90.4

HRC

5.75mm*1500*C Q235

4181

-113

Medium plate

14-25mm*2000 Q235

4361.8

-113

U steel

6.3-10# Q235

4254.45

-90.4

Angle steel

5# Q235

4265.75

-90.4

V SteelHome Event  

Chinese Major Steelmakers Profile (2018 Updated).

Profile of XV Steel Development Strategy and Supply/Demand Conference

Summary of SteelHome Spring Report

VI SteelHome Dynamics

Tangshan to Totally Cut 18 Mlnts Capacity in 2019

China Stainless Steelmakers Guidance Price Aggregates on 16 May 2019

Shagang Remained Long Steel Price Unchanged for Middle May 2019

Fujian Sanming Steel Adjusts Industrial Wire and Bars Price Policy on 16 May 2019

Pangang Group Changcheng Special Steel Adjusts Quality Steel Price Policy for H2 of May 2019

China Ansteel Announced Steel Price Policy for June 2019

China Hebei Steel Released Long Steel Sales Price for Middle May, 2019

Commercial Coal Output in China National Coal Group up 29.1% YoY in April 2019

Iron Ore Index Collection for May 15, 2019

Baosteel Released Quality Wire Futures Price Policy for June 2019

USA March Steel Shipments Up 2.9 Percent Year-over-Year

Mongolia Coal Exports to China up 12% YoY in the First Four Months of 2019

AISI Releases April SIMA Imports Data

Ukraine Launches AD Investigation on HR Seamless Steel Pipe from China

Australia's Pembroke Wins Govt Approval for $700m Coking Coal Mine

Colombia Coal Exports down 25% YoY in the First Quarter of 2019

South Korea Coal Imports up 21.41% MoM in April 2019

Middle East Steel Import Price on May 14, 2019


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