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SteelHome Morning Express (12 June 2019)

https://en.steelhome.com [SteelHome] 2019-06-12 10:09:12

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I Steel

SteelHome (China) Steel Price Index (SHCNSI) was 96.8 points (4,187 yuan) on 11 June 2019, up 0.03 point (1 yuan) from the previous trading day. Steel price in key markets began to rise. Details are as below:

Construction steel: 20mm HRB400 rebar averaged at 4020 yuan per ton, up 3 yuan/t from previous trading day. Among them, price decreased by 20-80 yuan/t in Nanning, Tianjin and Kunming markets, while hiked by 10-40 yuan/t in East China and Northeast China markets, and 10 yuan/t in Guangzhou, Chengdu and Xi’an markets. The price in Central South China, North China and West China markets was stable.

Medium plate: 20mm Q235B medium plat price averaged at 4011 yuan per ton in 28 domestic markets, down 5 yuan/t from previous trading day. Except respective 10 yuan and 20 yuan rise in Shanghai and Tianjin markets, price decreased by 10-30 yuan/t in Lecong, Nanning, Zhengzhou, Chongqing, Kunming, Lanzhou and Urumqi markets and 60 yuan/t in Nanning markets. The rest was stable.

HRC: Price saw both hike and stability. 5.75mm Q235B HRC average price was increased by 2 yuan to 3891 yuan per ton in 28 domestic markets. Among the whole markets, price headed up 10-60 yuan/t in Shanghai, Beijing, Tianjin, Taiyuan, Shenyang and Changchun markets, while decreased by 20-30 yuan/t in Kunming, Guiyan and Urumqi markets. Price in the rest was stable.

CRC: average price of 1.0mm SPCC CRC was 4252 yuan per ton in 28 domestic markets, down 3 yuan/t from previous trading day. Price was decreased by 10-50 yuan/t in Wuxi, Lecoong, Shijiazhuang, Taiyuan and Xi’an markets, while price in Tianjin market hiked by 20 yuan/t. The rest was stable.

Table 1: SteelHome China Steel Price Index (SHCNSI) [2019-06-11]

 

Price Index

Week on week%

Month on month%

Quarter on quarter%

Year on year%

Steel Index (SHCNSI)

96.8

4187

-0.7

-2.29

3.28

-3.88

Long Products (SHCNSI-L)

112.57

4092

-0.57

-2.13

4.15

-1.35

Flat Products (SHCNSI-F)

85.35

4014

-0.89

-2.6

3.68

-5.9

Special Steel (SHCNSI-S)

107.12

4315

-0.62

-2.14

1.17

-5.16

Stainless Steel (SHCNSI-SS)

64.52

14142

-0.19

-0.82

-3.09

-2.67

Wire Rod (SHCNSI-WR)

114.57

4238

-0.38

-1.61

5.24

-1.4

Rebar (SHCNSI-RB)

114.16

4039

-0.71

-2.77

4.79

-0.3

Section Bar (SHCNSI-SB)

107.24

4051

-0.41

-0.86

0.6

-4.4

Medium Plate (SHCNSI-MP)

87.25

4074

-0.74

-2.51

3.73

-5.66

HR Coil (SHCNSI-HR)

84.46

3903

-1.03

-3.03

4.65

-5.88

CR Coil (SHCNSI-CR)

71.5

4345

-0.68

-2.45

1.95

-6.82

Quality Wire (SHCNSI-QW)

105.65

4196

-0.23

-1.24

2.7

-5.7

Carbon & Alloy Structural Steel (SHCNSI-CA)

105.35

4108

-0.92

-3

0.5

-5.09

Seamless Pipe (SHCNSI-SP)

86.48

4865

-0.69

-1.23

-0.4

-7.27

Strip (SHCNSI-Strip)

101.23

3814

-1.09

-2.04

4.16

-4.25

Welded Pipe (SHCNSI-WP)

105.33

4090

-1.04

-1.29

2.64

-2.68

II Raw Materials

On 11 June, Tangshan common billet price was increased by 30 yuan to 3480 yuan per ton, (cash, tax included, ex-works). Spot products in Tangshan billet market were priced at 3560-3580 yuan per with flat transaction.

On 11 June, iron ore market sharply hiked. SteelHome data showed that China Domestic Iron Ore Price Index (SHCNDOI) 65% was 846yuan per ton, up 1 yuan/t and SteelHome Imported Iron Ore Price Index (SHCNIOI) 62% was 102.45 dollars per ton, up 3.95 dollar/t from previous day.

Spot ore transacting price hiked by 20-30 yuan/t at China ports, For instance, PB fines trading price was 780 yuan per ton at Rizhao port and PB fines at Jingtang port were traded at 780 yuan per ton with active transactions.

Seaborne market continued to hike. PB fines trading price on 11 June is 2.9 dollars/t higher than average 62% Platts price index.

Table 2: China Raw Material Import Price Aggregates on 11 June 2019

Price in US$ per ton  1 USD= 6.893 (Yuan) on June 11

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

119

103

105

90.5

71

195

132.5

305

315

310

Up/Down

↑4

↑4

↑4

↑4

↑4

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 11 June ) (yuan)

Growth

Rebar RB1910

3811

-23

HRC HC1910

3652

-3

Coke J1909

2184.5

-24

Coking coal JM1909

1427

-10

Iron ore I1909

768.5

+8

Thermal coal ZC1909

592.8

-1

IV Steelmakers’ ex-works price policy

53 steelmakers released ex-works price policy on 11 June, 2019.

Mill

Product

Size

Ex-works (yuan per ton) price

Up/down (yuan per ton)

Maanshan Steel

rebar

Φ16-25mm HRB400

4070

+50

coiled rebar

Φ8-12mm HRB400

4270

+50

high speed wire rod

Φ6-10mm HRB300

4220

+50

Nanjing Steel

Rebar

Φ16-25mm HRB400

3920

-40

Tianjin Steel

Medium plate

20mm*2000 Q235

3830

-

New Fushun Steel

rebar

Φ16-25mm HRB400E

3770

-

high speed wire rod

Φ8mm HRB300

3770

-

Kunming Steel

rebar

Φ18-25mm HRB400E

5000

-50

coiled rebar

Φ8-10mm HRB400E

5110

-50

high speed wire rod

Φ6.5-12mm HRB300

5050

-50

V SteelHome Event  

SteelHome Database (2019 Version) Launched

SteelHome App Officially Launched

Chinese Major Steelmakers Profile (2018 Updated).

Summary of SteelHome Spring Report

VI SteelHome Dynamics

Announcement about Jiangsu Binxin Steel Capacity Replacement Plan

Shandong First 5G+ Intelligent Steel Lab Landed in Taishan Steel Group

SteelHome Summary: Kick-off of Steel Projects Since 2019

Daqin Line Coal Transport Reached 39.82 MT in May 2019

Shandong Steel Adjusts Quality Steel Ex-works Price on 11 June, 2019

Huaiyin Steel Releases Ex-works Price Policy for Mid-June 2019

Tangshan Ganglu CR Project Officially Put into Production

Baosteel Released Carbon Steel Flats Futures Price Policy for July 2019

WISCO Announced Steel Futures Sales Price Policy for July 2019

SteelHome Forecast: Iron Ore Arrivals at China Main Ports for June 3-9, 2019

SteelHome Summary: Kick-off of Steel Projects Since 2019

Tangshan Ganglu CR Project Officially Put into Production

Iron Ore Index Collection for Jun 10, 2019

Monthly Report on China Steel Market for May 2019

SteelHome Express: Transaction of Iron Ore Market up on June 10, 2019


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