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SteelHome Morning Express (23 May 2019)

https://en.steelhome.com [SteelHome] 2019-05-23 09:33:12

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I Steel

SteelHome (China) Steel Price Index (SHCNSI) was 99.53 points (4,305 yuan) on 22 May 2019, up 0.26 point (11 yuan) from the previous trading day. Steel price in key markets mainly hiked. Details are as below:

Construction steel: 20mm HRB400 rebar averaged at 4169 yuan per ton, up 21 yuan/t from previous trading day. Among them, price hiked by 10-50 yuan/t in East China, Central South China, North China and west China markets.

Medium plate: 20mm Q235B medium plat price averaged at 4119 yuan per ton in 28 domestic markets, up 4 yuan/t from previous trading day. Price hiked by 10-30 yuan/t in Shanghai, Nanjing, Nanning, Wuhan, Zhengzhou, Tianjin and Shijiazhuang markets against stability in the rest.

HRC: Price both hiked and declined. 5.75mm Q235B HRC average price was increased by 6 yuan to 4030 yuan per ton in 28 domestic markets. Among the whole markets, price headed up by 10-20 yuan/t in Shanghai, Wuxi, Lecong, Nanning, Changsha, Wuhan, Zhengzhou, Baotou, Harbin, Chongqing and Chengdu markets against stability in the rest.

CRC: average price of 1.0mm SPCC CRC was 4363 yuan per ton in 28 domestic markets, unchanged from previous trading day. Price hiked by 10 yuan in Hefei, Lecong and Changchun markets, while decreased by 30 yuan/t in Guiyang market. Price in the rest was stable.

Table 1: SteelHome China Steel Price Index (SHCNSI) [2019-05-22]

 

Price Index

Week on week%

Month on month%

Quarter on quarter%

Year on year%

Steel Index (SHCNSI)

99.53

4305

-0.01

-0.05

3.76

-3.77

Long Products (SHCNSI-L)

115.69

4206

0.3

0.07

4.53

-1.38

Flat Products (SHCNSI-F)

88.08

4142

-0.15

0.2

4.18

-5.68

Special Steel (SHCNSI-S)

109.38

4406

-0.5

-0.76

1.82

-5.16

Stainless Steel (SHCNSI-SS)

65.3

14311

0.08

-1.7

-2.62

-1.7

Wire Rod (SHCNSI-WR)

116.99

4327

0.37

0.42

5.45

-1.3

Rebar (SHCNSI-RB)

118.28

4184

0.35

0.1

5.3

-0.39

Section Bar (SHCNSI-SB)

108.51

4099

0.03

-0.56

0.83

-4.46

Medium Plate (SHCNSI-MP)

89.89

4197

-0.23

0.16

4.23

-5.14

HR Coil (SHCNSI-HR)

87.64

4050

-0.05

0.66

5.15

-5.58

CR Coil (SHCNSI-CR)

73.46

4464

-0.5

-1.22

2.71

-6.79

Quality Wire (SHCNSI-QW)

106.87

4244

-0.3

0.45

2.93

-6.37

Carbon & Alloy Structural Steel (SHCNSI-CA)

108.47

4230

-0.76

-1.74

1.54

-4.69

Seamless Pipe (SHCNSI-SP)

88.17

4960

-0.2

-0.77

-0.02

-7.28

Strip (SHCNSI-Strip)

104.27

3928

0.24

1.15

4.3

-4.29

Welded Pipe (SHCNSI-WP)

107.49

4174

0

0.34

2.79

-2.69

II Raw Materials

On 22 May, Tangshan common billet price was up by 20 yuan to 3600 yuan per ton, (cash, tax included, ex-works). Spot products in Tangshan billet market were priced at 3690 yuan per with flat transaction.

On 22 May, iron ore market continued to hike. SteelHome data showed that China Domestic Iron Ore Price Index (SHCNDOI) 65% was 795 yuan per ton, up 1 yuan/t and SteelHome Imported Iron Ore Price Index (SHCNIOI) 62% was 100.37 dollars per ton, up1.11 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 725 yuan per ton at Rizhao port and PB fines at Caofeidian port were traded at 730 yuan per ton with relatively active transactions.

Seaborne market overall hiked. GlobalORE platform trading price was 101.8 dollars/t for 0.08 million tons 62% Mark fines with laycan during 11-20 June 2019.

Table 2: China Raw Material Import Price Aggregates on 22 May 2019

Price in US$ per ton  1 USD= 6.8992 (Yuan) on May 22

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

118

101.5

104

87

65

194

136

305

315

310

Up/Down

↑2

↑1

↑1

↑1

↑1

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 22 May ) (yuan)

Growth

Rebar RB1910

3911

+1

HRC HC1910

3741

-16

Coke J1909

2274

-22

Coking coal JM1909

1387

-1

Iron ore I1909

729

+1

Thermal coal ZC1909

594

+2

IV Steelmakers’ ex-works price policy

56 steelmakers released ex-works price policy on 22 May, 2019.

Mill

Product

Size

Ex-works (yuan per ton) price

Up/down (yuan per ton)

Maanshan Steel

rebar

Φ16-25mm HRB400

4240

-

coiled rebar

Φ8-12mm HRB400

4400

-

high speed wire rod

Φ6-10mm HRB300

4350

-

Nanjing Steel

rebar

Φ16-25mm HRB400

4210

+30

Youfa PIpe

Hot-dipped galvanized sheet

4*3.5 Q235

5610

+20

Liuzhou Steel

rebar

Φ18-20mm HRB400E

4530

+30

CRC

1.0mm*1250*C SPCC

4930

-

HRC

5.75mm*1500*C SS400

4360

-

coiled rebar

Φ8mm HRB400E

4580

+30

Medium plate

20mm*2000 Q235

4610

-

high speed wire rod

Φ8-10mm HRB300

4600

+30

JISCO Lanzhou

rebar

Φ18-25mm HRB400E

4420

+30

coiled rebar

Φ8-10mm HRB400E

4580

+30

Medium plate

20*2000 Q235

4270

-

high speed wire rod

Φ8-10mm HRB300

4490

+30

Chongqing Steel

rebar

Φ18-25mm HRB400

4260

+50

coiled rebar

Φ8-10mm HRB400

4450

+50

high speed wire rod

Φ6.5mm HRB300

4400

+50

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

CISA Member Steelworks' Performance in April 2019

Anyang Steel Releases Quality Wire Ex-works Price Policy on 22 May 2019

China Stainless Steelmakers Guidance Price Aggregates on 22 May 2019

Announcement about Henan Changtai Stainless Steel Capacity Replacement Plan Changes

Announcement about Xuzhou Steel Capacity Replacement Plan

Jiangsu Province Announced Capacity Replacement Plan for Xuzhou Steel and Zhongxin Steel

Zenith Steel Adjusts Wires Price Policy on 21 May 2019

Weifang Special Steel Adjusts Ex-works Prices of Wires on 21 May 2019

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

Russia's Mechel Announces 2018 Operational Results

Reliance Steel and Aluminum Co. Reports Q1 2019 Results

SteelHome: China Billet Export Stagnated, CIS Slab Actively Traded

Indian Coke Import Price on May 22,2019

Spanish Industry Supervisor to Lower Gas Tariff in 2020

ThyssenKrupp's Net Profit Declines in H1 FY18-19

Nucor Announces Capital Investment at South Carolina Bar Mill

US Lowers CVD Rate on CRC Imports from South Korea

Posco Seeks Steel Import Relief from Mexico after Failing to Persuade U.S.

Vietnam Coal Imports down 2.13% MoM in April 2019

Dongkuk Steel Counters Import Materials via Price Increases

South Korea Thermal Coal Imports up 25.27% MoM in April 2019

Plate Import Activated on Shipbuild Hikes while Export Stayed Flat


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