Stainless Steel Pipe Fittings

Chinese domestic steel market remains in down trend

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On the other hand, Iron ore futures for May delivery on the Dalian Commodity Exchange rose 3.6 percent to CNY 518 a tonne and most traded May rebar contract on the Shanghai Futures Exchange was up 2.3 percent at CNY 2,615 in the morning session.
Weather is one factor pushing up iron ore futures prices but it is not necessarily affecting spot prices. High levels of inventory at ports and low demand from steel mills in China cannot lift spot iron ore prices.”
The China Iron and Steel Association in its regular market report published on Monday said that there was little likelihood of any recovery in iron ore prices in January, noting that there was still room for further declines. It said “As the winter season continues and the Chinese new year holiday approaches, steel production is likely to cool down, the gap between iron ore supply and demand is unlikely to ease and iron ore prices will fluctuate in line with current trends.”
According to data provider SteelHome, imported iron ore stockpiles at major Chinese ports fell for the fifth week in a row last week, but they remain at 100.6 million tonnes, 15 percent higher than the same time last year.
Billet

Location Price DoD WoW MoM QoQ YoY
Shanghai XXXX 0 -10 -220 -160 -760
Henan XXXX 0 -30 -280 -330 -850
Hebei XXXX -10 -30 -290 -400 -810
Shanxi XXXX 0 0 -280 -350 -800
Liaoning XXXX -20 -20 -300 -360 -830
Yunnan XXXX 0 -20 -290 -320 -770


In CNY per tonne
Inclusive of 17% VAT
Rebar

Location Price DoD WoW MoM QoQ YoY
Beijing XXXX 0 -60 -220 -310 -930
Changchun XXXX 0 0 0 -110 -590
Guangzhou XXXX 0 -20 -220 -180 -910
Guiyang XXXX 20 60 -100 -80 -850
Shanghai XXXX 0 20 -70 -80 -600
Xian XXXX 0 0 -170 -200 -880


In CNY per tonne
Inclusive of 17% VAT
Wire Rod

Location Price DoD WoW MoM QoQ YoY
Beijing XXXX 0 -30 -230 -310 -640
Changchun XXXX 0 0 0 0 -520
Guangzhou XXXX 0 -10 -140 -80 -640
Guiyang XXXX 20 70 -100 -130 -750
Shanghai XXXX 0 -30 -350 -260 -690
Xian XXXX 0 0 -180 -170 -750


In CNY per tonne
Inclusive of 17% VAT
Angles

Location Price DoD WoW MoM QoQ YoY
Beijing XXXX -10 -30 -240 -270 -610
Changchun XXXX -50 -50 -150 -180 -590
Guangzhou XXXX 0 0 -160 -230 -510
Guiyang XXXX 0 0 -20 0 -380
Shanghai XXXX -20 -20 -70 -180 -640
Xian XXXX -30 -30 -50 -200 -470

Channels

Location Price DoD WoW MoM QoQ YoY
Beijing XXXX -20 -40 -300 -350 -830
Changchun XXXX -50 -50 -150 -180 -540
Guangzhou XXXX 0 0 -70 -140 -370
Guiyang XXXX 0 0 -20 0 -380
Shanghai XXXX -30 -30 -80 -120 -680
Xian XXXX -30 -30 -50 -100 -450

Beams

Location Price DoD WoW MoM QoQ YoY
Beijing XXXX -10 -30 -340 -390 -870
Changchun XXXX -50 -50 -150 -180 -590
Guangzhou XXXX 0 0 -80 -120 -560
Guiyang XXXX 0 -20 -40 -20 -430
Shanghai XXXX -40 -40 -60 -130 -710
Xian XXXX -30 -30 -50 -50 -400


Plates

Location Price DoD WoW MoM QoQ YoY
Beijing XXXX -30 -70 -210 -240 -740
Changchun XXXX -30 -80 -180 -360 -610
Guangzhou XXXX -10 -50 -40 -20 -490
Guiyang XXXX 0 0 -30 -160 -480
Shanghai XXXX -10 -20 -40 -20 -650
Xian XXXX -20 -70 -120 -240 -670


In CNY per tonne
Inclusive of 17% VAT
HR

Location Price DoD WoW MoM QoQ YoY
Beijing XXXX 0 -10 -120 -80 -480
Changchun XXXX 0 0 20 -270 -340
Guangzhou XXXX 0 10 -60 -260 -580
Guiyang XXXX 0 0 -10 -50 -360
Shanghai XXXX -20 -30 -60 0 -450
Xian XXXX -10 -10 -60 -130 -630


In CNY per tonne
Inclusive of 17% VAT
CR

Location Price DoD WoW MoM QoQ YoY
Beijing XXXX 0 0 -100 -220 -650
Changchun XXXX 0 -30 -30 -260 -540
Guangzhou XXXX 0 0 -70 -80 -480
Guiyang XXXX 0 0 0 -20 -550
Shanghai XXXX 0 0 -20 -140 -540
Xian XXXX -20 -40 -50 -220 -440


In CNY per tonne
Inclusive of 17% VAT
HDG

Location Price DoD WoW MoM QoQ YoY
Beijing XXXX 0 0 -40 -110 -180
Guangzhou XXXX 0 -50 -100 -150 -320
Harbin XXXX -40 -40 -150 -150 -300
Tianjin XXXX 0 0 -80 -290 -540
Shanghai XXXX -20 -20 -40 -180 -520
Xian XXXX -30 -30 -40 -160 -290

Article Categories:
Metals · Steel

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