Monday Market Monitor - China - WEEK 30 - Continues to climb
Tranquility prevailed in the Chinese waters last week although the mysterious solitude has bemused experts since it unusually long.
Steel market in China has all through been a happening place. Turnaround in the prices has been avidly anticipated for the past fortnight. The market has been ambivalent with a proclivity for improvement.
After a near washout in Q2 as the demand from all key sectors slackened as the game of up man ship accentuated between the PBOC and market. Most of the planned expenditure on infrastructure and housing was kept in abeyance as the market grappled with runaway inflation and its surgical malady. Astonishingly mills have been on rampaging production touching almost 2 million tonne per day in June exuding a mysterious confidence. Remarkably the stock at all major locations for flat and long products has been maintained within manageable limits all through possibly an outcome of urbanization chugging along.
Nonetheless the major projects viz., 10 million budget housing and infrastructure development are yet take off in full swing. At the same time input cost has been obdurate decimating bottom lines of the mills compelling them to yearn for increasing mark ups. Silhouetted in the background of despondency the moment seems ripe for backlash whipping up buying in H2 to accomplish unfulfilled plan targets.
The market footprints have been guarded gradually creeping as the monsoon abates. Concurrently the global market is portending to unfold buying from the famished quarters of MENA and EU countries after the holidays.
The Chinese Long Product Price Index CLPPI surged by 28 points last week whereas the Chinese Flat Products Index CFPPI has also gone up by 14 points. The overall price index CHISPI inclined by 20 points.
| Class | 22-Jul | 29-Jul | Change | % |
| CLPPI | 7629 | 7657 | 28 | 0.4% |
| CFPPI | 7582 | 7596 | 14 | 0.2% |
| CHISPI | 7602 | 7622 | 20 | 0.3% |
CLPPI - Chinese Long Product Price Index
CFPPI - Chinese Flat Product Price Index
CHISPI - Chinese Steel Price Index
Long Products
| Category | 22-Jul | 29-Jul | Change | % |
| PI-WRC | 6357 | 6395 | 38 | 0.6% |
| PI-Rebar | 9168 | 9184 | 16 | 0.2% |
PI - Product Index
Flat Products
| Category | 22-Jul | 29-Jul | Change | % |
| PI-PLTS | 6902 | 6911 | 9 | 0.1% |
| PI-HR | 7844 | 7862 | 18 | 0.2% |
| PI-CR | 7326 | 7338 | 12 | 0.2% |
| PI-GP | 7518 | 7517 | -1 | 0.0% |
PI - Product Index
To know more about these indices please visit
http://steelprices-china.com/spi_services/spi.html
1. Long products
Billets
150*150
Q235
| Location | CNY | USD |
| Fujian Province | 10 | 2 |
| Hebei Province | 30 | 5 |
| Jiangsu Province | 20 | 3 |
| Shandong Province | 60 | 9 |
| Shanxi Province | 50 | 8 |
| Tianjin | 30 | 5 |
Change is on July 29th as compared to 22nd July 2011
Change is per tonne
WRC
6.5mm
Common
| Location | CNY | USD |
| Changsha | 20 | 3 |
| Chengdu | 20 | 3 |
| Guiyang | 40 | 6 |
| Hangzhou | 0 | 0 |
| Kunming | 30 | 5 |
| Nanjing | 50 | 8 |
| Shanghai | 70 | 11 |
| Urumchi | 0 | 0 |
| Zhengzhou | 20 | 3 |
Change is on July 29th as compared to 22nd July 2011
Change is per tonne
Rebars
20mm
HRB 400
| Location | CNY | USD |
| Beijing | -10 | -2 |
| Changsha | 30 | 5 |
| Chengdu | 20 | 3 |
| Chongqing | 20 | 3 |
| Fuzhou | 30 | 5 |
| Guangzhou | 0 | 0 |
| Guiyang | 0 | 0 |
| Hangzhou | 0 | 0 |
| Harbin | 10 | 2 |
| Hefei | 10 | 2 |
| Jinan | -20 | -3 |
| Kunming | 30 | 5 |
| Lanzhou | 0 | 0 |
| Nanchang | 0 | 0 |
| Nanjing | 20 | 3 |
| Shanghai | 10 | 2 |
| Shenyang | 10 | 2 |
| Shijiazhuang | -10 | -2 |
| Taiyuan | -20 | -3 |
| Tianjin | 0 | 0 |
| Urumchi | 0 | 0 |
| Wuhan | 20 | 3 |
| Xian | 50 | 8 |
| Zhengzhou | 20 | 3 |
Change is on July 29th as compared to 22nd July 2011
Change is per tonne
Angle
#5
| Location | CNY | USD |
| Shanghai | 50 | 8 |
| Hangzhou | 0 | 0 |
| Nanjing | 20 | 3 |
| Jinan | 0 | 0 |
| Hefei | 0 | 0 |
| Fuzhou | 0 | 0 |
| Nanchang | 0 | 0 |
| Guangzhou | 0 | 0 |
| Changsha | 50 | 8 |
| Wuhan | 0 | 0 |
| Zhengzhou | 0 | 0 |
| Beijing | 30 | 5 |
| Tianjin | 60 | 9 |
| Shijiazhuang | 50 | 8 |
| Taiyuan | 0 | 0 |
| Shenyang | 0 | 0 |
| Harbin | 0 | 0 |
| Chongqing | 0 | 0 |
| Chengdu | 0 | 0 |
| Kunming | 30 | 5 |
| Xian | 0 | 0 |
| Lanzhou | 0 | 0 |
| Urumchi | 0 | 0 |
Change is on July 29th as compared to 22nd July 2011
Change is per tonne
Channel
#16
| Location | CNY | USD |
| Shanghai | 20 | 3 |
| Hangzhou | 0 | 0 |
| Nanjing | 20 | 3 |
| Jinan | 0 | 0 |
| Hefei | 0 | 0 |
| Fuzhou | 0 | 0 |
| Nanchang | 0 | 0 |
| Guangzhou | 50 | 8 |
| Changsha | 20 | 3 |
| Wuhan | 0 | 0 |
| Zhengzhou | 0 | 0 |
| Beijing | 20 | 3 |
| Tianjin | 30 | 5 |
| Shijiazhuang | 50 | 8 |
| Taiyuan | 0 | 0 |
| Shenyang | 20 | 3 |
| Harbin | 0 | 0 |
| Chongqing | 0 | 0 |
| Chengdu | 0 | 0 |
| Kunming | 50 | 8 |
| Xian | 0 | 0 |
| Lanzhou | 20 | 3 |
| Urumchi | 0 | 0 |
Change is on July 29th as compared to 22nd July 2011
Change is per tonne
Beam
#25
| Location | CNY | USD |
| Shanghai | 20 | 3 |
| Hangzhou | 0 | 0 |
| Nanjing | 20 | 3 |
| Jinan | 0 | 0 |
| Hefei | 0 | 0 |
| Fuzhou | 0 | 0 |
| Nanchang | 0 | 0 |
| Guangzhou | 0 | 0 |
| Changsha | 0 | 0 |
| Wuhan | 50 | 8 |
| Zhengzhou | 0 | 0 |
| Beijing | 20 | 3 |
| Tianjin | 0 | 0 |
| Shijiazhuang | 50 | 8 |
| Taiyuan | 0 | 0 |
| Shenyang | 0 | 0 |
| Harbin | 0 | 0 |
| Chongqing | 0 | 0 |
| Chengdu | 0 | 0 |
| Kunming | 50 | 8 |
| Xian | 0 | 0 |
| Lanzhou | 0 | 0 |
| Urumchi | 0 | 0 |
Change is on July 29th as compared to 22nd July 2011
Change is per tonne
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