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May.03.2024 1USD=7.1063RMB
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BRIEFING (September 22, 2023): Major Viewpoints

https://en.steelhome.com [SteelHome] 2023-09-22 17:23:14

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About Steel: From Monday to Thursday this week, the domestic spot prices of steel mixed. The prices of construction steel mixed with up or down by 10-60 yuan/ton; The prices plate and HRC decreased by 10-60 yuan/ton; The prices of CRC increased by 10-50 yuan/ton; The price of large and medium-sized section steel increased by 10-50 yuan/ton in some markets; In terms of stainless steel, the prices of 304 and 201 series stainless steel declined by 50 yuan/ton in some markets, while the prices of 430 series stainless steel remained stable.

About raw materials: The price of metallurgical coke increased by 100-110 yuan/ton in some markets, the price of coking coal increased by 100-200 yuan/ton in some markets, and the price of PCI also increased.

The price of imported iron ore fluctuated with downward trend, with the seaborne price of 61.5% PB fine falling by $4 to $120 per ton; The domestic prices of semis declined, and as of Thursday, the Ex-work price of billets in the Qian'an area of Tangshan declined by 40 yuan to 3530 yuan/ton, and spot billet in the market were traded to 3580-3590 yuan/ton; The domestic scrap price mixed with up or down in different markets.

About Futures: Futures price changes from Monday to Thursday: Rebar decreased by 1.6%, HRC decreased by 1.26%, stainless steel decreased by nearly 2%, iron ore decreased by 2.8%, coking coal increased by 1.1%, coke slightly decreased by 0.44%, ferrosilicon increased by 0.72%, and silicon-manganese decreased by 2.4%.

About Inventory and Transaction: This week, the total domestic steel inventory was 18.5594 million tons, a decrease of 503,200 tons compared to the previous week. Among them, market inventory decreased by 314,900 tons, and steel mill inventory increased by 188,300 tons. The daily average trading volume of rebar, plate, and HRC was 64,200 tons, 20,800 tons, and 21,100 tons, respectively, a decrease of 8.77%, an increase of 3.44%, and a decrease of 3.25% compared to the previous period.

About Production: This week, the operating rate of domestic steel mills' blast furnaces was 91.12%, an increase of 0.06 percentage points, while the operating rate of electric arc furnaces was 61.31%, an increase of 0.73 percentage points.

Table 1: Change of steel prices in main domestic markets (yuan/ton)

20mm rebar

Shanghai

Hangzhou

Nanjing

Beijing

Tianjin

Shenyang

Guangzhou

chongqing

Xi'an

21-Sep

3780

3820

3820

3760

3780

3760

3940

3750

3800

19-Sep

3820

3870

3850

3780

3800

3780

3960

3800

3840

15-Sep

3790

3830

3800

3720

3750

3740

3940

3780

3800

Compare with Sep.19

-40

-50

-30

-20

-20

-20

-20

-50

-40

Compare with Sep.15

-10

-10

20

40

30

20

-

-30

-

5.75*1500mm HRC

Shanghai

Zhangjiagang

Boxing

Tianjin

Tangshan

Shenyang

Le Cong

Wuhan

Chongqing

21-Sep

3860

3890

3890

3890

3930

3890

3870

3950

3970

19-Sep

3930

3960

3950

3940

3960

3930

3940

3990

4030

15-Sep

3900

3940

3920

3920

3940

3910

3900

3970

4000

Compare with Sep.19

-70

-70

-60

-50

-30

-40

-70

-40

-60

Compare with Sep.15

-40

-50

-30

-30

-10

-20

-30

-20

-30

20*2200mm*L  plate

Shanghai

Wuxi

Ningbo

Tianjin

Handan

Shenyang

Le Cong

Wuhan

Chongqing

21-Sep

3910

3910

3970

3880

3870

4000

4060

4030

4080

19-Sep

3950

3950

3980

3910

3900

4000

4090

4040

4100

15-Sep

3920

3930

3970

3900

3890

4030

4090

4040

4090

Compare with Sep.19

-40

-40

-10

-30

-30

-

-30

-10

-20

Compare with Sep.15

-10

-20

-

-20

-20

-30

-30

-10

-10

1.0*1250mm CRC

Shanghai

Wuxi

Ningbo

Tianjin

Handan

Shenyang

Guangzhou

Wuhan

Chengdu

21-Sep

4830

4840

4820

4560

4520

4580

4700

4770

4770

19-Sep

4830

4840

4820

4560

4540

4580

4720

4780

4770

15-Sep

4810

4830

4780

4520

4510

4580

4650

4760

4720

Compare with Sep.19

-

-

-

-

-20

-

-20

-10

-

Compare with Sep.15

20

10

40

40

10

-

50

10

50

Source: SteelHome


(To contact the reporter on this story: jake.yang@steelhome.cn or 86-21-50585733 13816581143)
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