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Apr.29.2024 1USD=7.1066RMB
  SteelHome >>Steel>>Market Info>>SteelHome Analysis
 
BRIEFING (January 31, 2024): Major Viewpoints

https://en.steelhome.com [SteelHome] 2024-01-31 11:06:37

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About Steel: This Monday to Tuesday (January 29-30), the domestic steel prices mixed. On January 30, SteelHome's benchmark steel price index was 4492 yuan/ton, being flat from last Friday. Among them, the price index of long steel was 4090 yuan/ton, being flat; the price index of flat steel was 4286 yuan/ton, down by 2 yuan/ton; The price index of rebar was 4025 yuan/ton, being flat; The price index of medium and heavy plates was 4162 yuan/ton, up by 4 yuan/ton; The price index of hot-rolled coil was 4171 yuan/ton, down by 4 yuan/ton; The price index of cold-rolled coil was 4834 yuan/ton, being flat. In terms of stainless steel, the price index of stainless steel was 12832 yuan/ton, up by 28 yuan/ton from last Friday. Among them, the price index of 300 series stainless steel was 16853 yuan/ton, being flat; The price index of 200 series stainless steel was 9648 yuan/ton, being flat; and the price index of 400 series stainless steel was 8299 yuan/ton, up by 152 yuan/ton. Approaching the Spring Festival holiday, the market demand continues to weaken.

About raw materials: This Monday to Tuesday, the domestic prices of metallurgical coke, coking coal, and PCI were all mainly stable

On January 30, SteelHome's import price index of 62% iron ore was $134.85 /ton, down by $1.37/ton from last Friday. The price of 61.5% PB fine in Qingdao Port stabilized at 1035 yuan/ton. SteelHome’s price index of ordinary carbon billet was 3675 yuan/ton, down by 25 yuan/ton from last Friday. SteelHome’s price index of HMS was 3060 yuan/ton, up by 5 yuan/ton from last Friday.

About Ferrous Futures: Futures price from Monday to Tuesday: Rebar decreased by about 1.5%, HRC decreased by 1.4%, stainless steel decreased by 0.88%, iron ore decreased by 1%, coking coal decreased by about 1.5%, coke decreased by 2.5%, ferrosilicon slightly increased by 0.03%, and silicon-manganese decreased by 0.28%.

About Industry: In December 2023, China issued an additional 110.6 billion yuan in bonds, including 18.5 billion yuan in general bonds and 92.1 billion yuan in special bonds.

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

20mm rebar

Shanghai

Hangzhou

Nanjing

Beijing

Tianjin

Shenyang

Guangzhou

chongqing

Xi'an

30-Jan

3940

4000

4020

3860

3860

3860

4200

4010

3980

26-Jan

3960

4020

3980

3860

3870

3850

4210

4010

3980

Change

-20

-20

40

-

-10

10

-10

-

-

5.75*1500mm HRC

Shanghai

Hangzhou

Nanjing

Beijing

Tianjin

Shenyang

Guangzhou

chongqing

Xi'an

30-Jan

4060

4040

4040

3980

4030

3970

4100

4120

4220

26-Jan

4080

4070

4060

4000

4050

3970

4120

4120

4200

Change

-20

-30

-20

-20

-20

-

-20

-

20

20*2200mm*L  plate

Shanghai

Hangzhou

Nanjing

Beijing

Tianjin

Shenyang

Guangzhou

chongqing

Xi'an

30-Jan

4070

4110

4090

4060

4020

4150

4310

4100

4250

26-Jan

4080

4110

4090

4060

4020

4110

4310

4090

4250

Change

-10

-

-

-

-

40

-

10

-

1.0*1250mm CRC

Shanghai

Hangzhou

Nanjing

Beijing

Tianjin

Shenyang

Guangzhou

chongqing

Xi'an

30-Jan

4770

4790

4740

4600

4610

4680

4680

4730

4720

26-Jan

4780

4800

4750

4600

4610

4680

4680

4730

4710

Change

-10

-10

-10

-

-

-

-

-

10

Source: SteelHome


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