Immediate action to unite and advance bravely
After trend breaking rally in Q4 market seemingly cooled its heels before the final onslaught on the eve of lunar holidays.
Whether the prophecies turn out to be correct is shrouded in ambiguity but certainly appetite for stocking has not ended.
A momentary pause as it seems was expected for the volumes to be
digested in the supply chain with economic activity picking up off late.
Impending unfolding of infrastructure projects in full is latent with
consumption. Moreover bettering PMI and inflation nos. have added gloss
to the tidings.
In a series of affirmative movements in SE Asian regions wherein
Japanese and Korean mills have hiked HRC price level by USD 50 per tonne
recently. USD 265 billion bounty by Japanese government to stimulate
the economy will certainly enliven the steel market.
Market is awaiting result of December economic performance by this weekend to accelerate.
The Chinese Long Product Price Index CLPPI has gone down by 5 point last
week whereas the Chinese Flat Products Index CFPPI has gone up by 18
points. The overall price index CHISPI inclined by 8 points.
| Class | 18-Jan | 25-Jan | Change |
% |
| CLPPI | 6573 | 6568 | -5 |
-0.1% |
| CFPPI | 6238 | 6256 | 18 |
0.3% |
| CHISPI | 6383 | 6391 | 8 | 0.1% |
CLPPI - Chinese Long Product Price Index
CFPPI - Chinese Flat Product Price Index
CHISPI - Chinese Steel Price Index
Long Products
| Category | 18-Jan | 25-Jan | Change |
% |
| PI-WRC | 6468 | 6461 | -7 |
-0.1% |
| PI-Rebar | 6700 | 6698 | -2 | 0.0% |
PI - Product Index
Flat Products
| Category | 18-Jan | 25-Jan | Change |
% |
| PI-PLTS | 5584 | 5590 | 6 |
0.1% |
| PI-HR | 6363 | 6380 | 17 |
0.3% |
| PI-CR | 6358 | 6385 | 27 |
0.4% |
| PI-GP | 6301 | 6325 | 24 | 0.4% |
PI - Product Index
These indices have base of 10,000 as on July 1st 2008
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 |
| Shanghai | -50 |
-8 |
| Jiangsu | -30 |
-5 |
| Shandong | -10 |
-2 |
| Fujian | -75 |
-12 |
| Guangdong | -50 |
-8 |
| Henan | 0 |
0 |
| Hebei | -10 |
-2 |
| Shanxi | -10 |
-2 |
| Liaoning | -30 |
-5 |
| Yunnan | -20 | -3 |
Change is on 25th January 13 as compared to 18th January 13
Change is per tonne
WRC
6.5mm
High Speed
| Location | CNY |
USD |
| Shanghai | 0 |
0 |
| Hangzhou | 40 |
6 |
| Nanjing | -90 |
-14 |
| Wuxi | 0 |
0 |
| Jinan | 0 |
0 |
| Hefei | 0 |
0 |
| Fuzhou | -10 |
-2 |
| Nanchang | 20 |
3 |
| Guangzhou | 0 |
0 |
| Nanning | 0 |
0 |
| Changsha | -30 |
-5 |
| Wuhan | 0 |
0 |
| Zhengzhou | 0 |
0 |
| Beijing | 0 |
0 |
| Tianjin | -30 |
-5 |
| Baotou | 0 |
0 |
| Shijiazhuang | 0 |
0 |
| Taiyuan | -20 |
-3 |
| Shenyang | 0 |
0 |
| Changchun | 0 |
0 |
| Harbin | 50 |
8 |
| Chongqing | 0 |
0 |
| Chengdu | -10 |
-2 |
| Guiyang | -10 |
-2 |
| Kunming | 0 |
0 |
| Xian | -10 |
-2 |
| Lanzhou | -10 |
-2 |
| Urumchi | 0 | 0 |
Change is on 25th January 13 as compared to 18th January 13
Change is per tonne
Rebars
20mm
HRB 400
| Location | CNY |
USD |
| Shanghai | 0 |
0 |
| Hangzhou | 50 |
8 |
| Nanjing | 0 |
0 |
| Wuxi | 20 |
3 |
| Jinan | 0 |
0 |
| Hefei | 0 |
0 |
| Fuzhou | -10 |
-2 |
| Nanchang | 0 |
0 |
| Guangzhou | 0 |
0 |
| Nanning | 20 |
3 |
| Changsha | -40 |
-6 |
| Wuhan | 0 |
0 |
| Zhengzhou | 50 |
8 |
| Beijing | -10 |
-2 |
| Tianjin | -10 |
-2 |
| Baotou | 0 |
0 |
| Shijiazhuang | 0 |
0 |
| Taiyuan | 0 |
0 |
| Shenyang | 0 |
0 |
| Changchun | 0 |
0 |
| Harbin | 0 |
0 |
| Chongqing | -10 |
-2 |
| Chengdu | -20 |
-3 |
| Guiyang | -20 |
-3 |
| Kunming | 0 |
0 |
| Xian | -20 |
-3 |
| Lanzhou | -20 |
-3 |
| Urumchi | 0 | 0 |
((seamless steel pipe)
seamless steel pipe)
Change is on 25th January 13 as compared to 18th January 13
Change is per tonne
Angle
#5
| Location | CNY |
USD |
| Shanghai | 20 |
3 |
| Hangzhou | 0 |
0 |
| Nanjing | 40 |
6 |
| Wuxi | 50 |
8 |
| Jinan | 50 |
8 |
| Hefei | 0 |
0 |
| Fuzhou | 0 |
0 |
| Nanchang | 0 |
0 |
| Guangzhou | 0 |
0 |
| Nanning | 0 |
0 |
| Changsha | 20 |
3 |
| Wuhan | 50 |
8 |
| Zhengzhou | 50 |
8 |
| Beijing | 20 |
3 |
| Tianjin | 0 |
0 |
| Baotou | 30 |
5 |
| Shijiazhuang | 30 |
5 |
| Taiyuan | 0 |
0 |
| Shenyang | 0 |
0 |
| Changchun | 0 |
0 |
| Harbin | 0 |
0 |
| Chongqing | 10 |
2 |
| Chengdu | 50 |
8 |
| Guiyang | 0 |
0 |
| Kunming | 0 |
0 |
| Xian | 0 |
0 |
| Lanzhou | 0 |
0 |
| Urumchi | 0 | 0 |
(seamless steel pipe)
Change is on 25th January 13 as compared to 18th January 13
Change is per tonne
Channel
#16
| Location | CNY |
USD |
| Shanghai | 20 |
3 |
| Hangzhou | 0 |
0 |
| Nanjing | 50 |
8 |
| Wuxi | 50 |
8 |
| Jinan | 30 |
5 |
| Hefei | 0 |
0 |
| Fuzhou | 0 |
0 |
| Nanchang | 0 |
0 |
| Guangzhou | 0 |
0 |
| Nanning | 0 |
0 |
| Changsha | 10 |
2 |
| Wuhan | 40 |
6 |
| Zhengzhou | 0 |
0 |
| Beijing | 20 |
3 |
| Tianjin | 0 |
0 |
| Baotou | 30 |
5 |
| Shijiazhuang | 30 |
5 |
| Taiyuan | 0 |
0 |
| Shenyang | 0 |
0 |
| Changchun | 0 |
0 |
| Harbin | 0 |
0 |
| Chongqing | 20 |
3 |
| Chengdu | 0 |
0 |
| Guiyang | 0 |
0 |
| Kunming | 0 |
0 |
| Xian | 0 |
0 |
| Lanzhou | 0 |
0 |
| Urumchi | 0 | 0 |
(seamless steel pipe)
Change is on 25th January 13 as compared to 18th January 13
Change is per tonne
Beam
#25
| Location | CNY |
USD |
| Shanghai | 20 |
3 |
| Hangzhou | 0 |
0 |
| Nanjing | 30 |
5 |
| Wuxi | 0 |
0 |
| Jinan | 30 |
5 |
| Hefei | 0 |
0 |
| Fuzhou | 0 |
0 |
