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Steelhome website publishes monthly report of eight kinds of steel and
raw material products including construction Steel, HRC/CRC, medium
plate, stainless steel, iron ore, coke, scrap and ferroalloy on or
before the 5th of each month. If you are interested in
SteelHome Monthly Report, please contact
Annieli@steelhome.cn,
Info@steelhome.cn, or dial 86-21-50585733/50585368/50585358
Summary:
Monthly Report on China Construction Steel Market for November, 2009
China
construction steel market rose unsteadily in
November, under the positive impact of global commodity price hike,
ample money supply, cheap bank loans and higher ex-works price. However,
the oversupply will show its affect in December when the traditional off
consumption season comes. Chinese government pledged to implement
proactive fiscal policy and moderately easy money policy at November
end. The ample money supply and cheap bank loans will not change in
short term. The physical trading of steel futures have locked huge
amounts of steel inventory, which to some extent reduce domestic supply
to spot market. Chin construction steel market would swing in December.
I Review and Analysis on China construction steel market of November
I.1
Construction steel production sustain high and supply continue rising
I.2 FAI
and spending in real estate industry rose rapidly
I.3
Construction steel inventory slipped
I.4 New
credit loans shrank and money supply remain sufficient
II
China construction steel market in December
II.1
Government pledged to continue implementing active fiscal policy and
moderately loose money policy, which would boost market confidence and
steel demand
II.2
Construction steel production would maintain high as steel mills are
reluctant to cut back production
II.3
Steel mills hold the price line
II.4
Raw material price continue rising
Table 1:
Spot price of China wire rod/rebar in November
Table 2: Price Adjustment of Steel mills in November
Graph 1: Q235
6.5mm wire rod price trend in November, 2009
Graph 2: HRB335
20mm price trend in November
Graph 3: Monthly
production of construction steel and growth
Graph 4: Accumulative
construction steel production and growth rate
Graph 5: Daily production of construction steel in 2008-2009
Graph 6: China construction steel import in 2008-2009
Graph 7: China construction steel export in 2008-2009
Graph 8: China billet/slab import/export in 2008-2009
Graph 9: Available supply by month and growth in 2008-2009
Graph 10: Cumulative available supply and growth rate in 2008-2009
Graph 11: China Township FAI in 2008-2009
Graph 12: China investment in real estate industry in 2008-2009
Graph 13: China construction steel marketplace inventory in 2008-2009
Graph 14: China Money supply in 2008-2009
Monthly Report on China Medium Plate Market for November, 2009
Chinese
medium plate price spiraled up in Nov., and the output growth speeded
up, exports still suffered a decrease, however, the plate bookings
increase in large and medium enterprises eased oversupply. Slab price
picked up rapidly in line with consecutive increase in medium plate
price. The average capacity utilization rate of medium plate re-rollers
in East China increased to above 50 percent; and the range of production
cutbacks shrank. Medium plate price gained moderate rally in the
international market, which would facilitate steel export from China in
the future. It is expected that Chinese medium plate price would see
fluctuation.
I.1
Chinese medium plate price spiraled up in Nov.
II
Momentums causing price vibration in China medium plate market
III
Analysis on China medium plate market in November
III.1
China medium plate production gained year on year increase
III.2
Analysis on China medium plate import & export
III.3
Downstream sectors
III.4
Price policies of medium plate manufacturers in Nov.
III.5
China plate price would witness upturn and the supply would face up with
higher pressure
III.6
Medium plate price witnessed slight rally in international market
Table
1: Medium plate price in major Chinese markets in November, 2009
Table
2: China medium plate production during January- October, 2009
Table
3: China medium plate and steckle mill production during Jan.-Oct. 2009
Table
4: Steel mills’ ex-works price adjustment in Nov.2009
Table
5: Shipbuilding plate ex-works price adjustment in Nov.
Table
6: China pressure vessel plate and boiler plate ex-works price
adjustment
Graph
1: SteeHome China steel average price during Jan.2, 2008-Nov.30, 2009
Graph
2: China accumulative plate production in 2008-2009
Graph
3: China plate production by month in 2008-2009
Graph
4: China plate import & export in 2008-2009
Graph
5: Accumulative apparent consumption of China plate in 2008-2009
Monthly Report on China Iron Ore Market for November 2009
China
iron ore price picked up across-the-abroad by CNY 50-80 per tonne in
November. Imported ore price stabilized from late November after a
period of constant growth. Currently, Indian fines (Fe content of 63.5
percent) was quoted at US$ 107-108 per tonne (CIF), climbing up US$ 10
per tonne over last month. Due to higher price than domestic ore, most
traders held wait-and-see attitude in iron ore import.
As a
result of expensive price, lots of traders resorted to cheap low grade
one or the attractive one from Southeast Asia. Significant ocean freight
growth made the price increment of low grade one larger, taking Indian
fines as an example (Fe content of 51/52 percent); the price still
hovered around US$ 46-48 per tonne (CIF) at the early of November, but
at the end of this month it had climbed up to US$ 63-65 per tonne (CIF),
up 35.4 percent.
Due to
inventory replenishment of steel mills, domestic iron concentrates price
is potential to maintain firm in December, however, due to ocean freight
drop, imported ore price is likely to go down slightly or enter into a
temporary stagnancy. Backed up by mighty domestic demand, iron ore
market may vibrate upwardly in the future.
I China iron ore price jumped up entirely in November
II
Analysis on China iron ore market in Dec. 2009
II.1
newly additions of iron ore is likely to drop in November
II.2
Imported iron ore price picked up continuously
II. 3
Ocean freight decreased after hike
II.4
Iron ore inventory at ports shrank massively
II.5
China steel price vibrated upwardly in November
II.6
Both parties prepared for FY2010 iron ore benchmark price talk
II.7
Domestic steel mills continued expanding purchase to replenish inventory
Table 1:
China
iron ore price in Nov. 2008-Nov. 2009
Table 2:
Steel Price Changes at Domestic Market
Graph 1: China iron ore price in 2008-Nov.2009
Graph 2: China iron ore output and import in 2008-Oct.2009
Graph 3: Price contrast between domestic and imported ore in
2008-Nov.2009
Graph 4: International ocean freight in 2008-Nov.2009
Graph 5: China iron ore import and inventory at ports in 2008-Nov.2009
Monthly Report on China Scrap Market for November 2009
I Review on China scrap market of Nov. 2009
I.1 Domestic scrap prices rallied
I.2
Steel price increased, scrap transaction improved
I.3
Steelworks' scrap inventories & purchase price adjustment
I. 4
International scrap prices rallied
II Outlook on China scrap market in Dec.2009
II.1 Scrap supply to keep tight
II.2 Huge scrap imports to continue
II.3 Domestic scrap demand to warm up
II.4 International scrap prices to grow up slightly
II.5 Pig iron price to go up slightly
Table 1:
6 -10mm
Scrap purchase price adjustment in Nov.
Graph 2: China HMS prices of key markets in Nov.2009
Graph3: HMS price VS rebar price in East China in Nov.2009
Graph 4: Scrap use & inventory of Chinese Steel mills in Sept.2009
Graph 5: Japan HMS2 average price in Nov.2009
Graph 6: China scrap import volume & import price in Oct.2009
Graph 7: China scrap import price in Nov.2009
Graph 8: China iron-to-Steel Ratio VS scrap price in Oct. 2009
Graph 9: Turkey Crude Steel Output & Scrap import price in 2009 |
