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Apr.30.2024 1USD=7.1066RMB
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BRIEFING (April 10, 2024): Major Viewpoints

https://en.steelhome.com [SteelHome] 2024-04-10 11:16:41

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About Steel: This Monday to Tuesday (April 8-9), the domestic steel prices mainly increased. On April 9, SteelHome's benchmark steel price index was 4141 yuan/ton, increased by 22 yuan/ton compared to April 7. Among which, the price index of long steel was 3693 yuan/ton, up by 31 yuan/ton; the price index of flat steel was 3956 yuan/ton, up by 23 yuan/ton; The price index of rebar was 3593 yuan/ton, up by 38 yuan/ton; The price index of medium and heavy plate was 3883 yuan/ton, up by 4 yuan/ton; The price index of hot-rolled coil was 3836 yuan/ton, up by 36 yuan/ton; The price index of cold-rolled coil was 4465 yuan/ton, up by 4 yuan/ton.

In terms of stainless steel, the price index of stainless steel was 12580 yuan/ton, up by 37 yuan/ton compared to April 7. Among them, the price index of 300 series stainless steel was 16413 yuan/ton, up by 48 yuan/ton; The price index of 200 series stainless steel was 9480 yuan/ton, up by 39 yuan/ton; and the price index of 400 series stainless steel was 8372 yuan/ton, down by 3 yuan/ton.

About raw materials: This Monday to Tuesday, the domestic prices of metallurgical coke and coking coal declined in some markets, and the prices of PCI decreased in some markets. On April 9, SteelHome's import price index of 62% iron ore was $107.77/ton, up by $9.29/ton from April 7, and the price of 61.5% PB fine in Qingdao port up by 55 yuan to 825 yuan/ton. SteelHome’s price index of ordinary carbon billet was 3383 yuan/ton, up by 69 yuan/ton. The Ex-work price of ordinary carbon billet in the Qian'an area of Tangshan increased by 100 to 3380-3390 yuan/ton. SteelHome’s price index of HMS was 2815 yuan/ton, up by 18 yuan/ton.

About Ferrous Futures: Futures price from Monday to Tuesday: HRC increased by 3%, rebar increased by 3.78%, stainless steel increased by about 2%, iron ore increased by 8.88%, coke and coke both increased by nearly 2.5%, ferrosilicon increased by 1.32%, and silicon-manganese increased by about 2%.

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

20mm rebar

Shanghai

Hangzhou

Nanjing

Beijing

Tianjin

Shenyang

Guangzhou

Chongqing

Xi'an

9-Apr

3510

3550

3520

3550

3550

3480

3720

3550

3500

7-Apr

3420

3450

3450

3480

3500

3370

3700

3530

3470

Change

90

100

70

70

50

110

20

20

30

5.75*1500mm HRC

Shanghai

Hangzhou

Nanjing

Beijing

Tianjin

Shenyang

Guangzhou

Chongqing

Xi'an

9-Apr

3800

3820

3760

3780

3770

3730

3750

3760

3840

7-Apr

3710

3720

3690

3690

3670

3670

3670

3750

3840

Change

90

100

70

90

100

60

80

10

-

20*2200mm*L  plate

Shanghai

Hangzhou

Nanjing

Beijing

Tianjin

Shenyang

Guangzhou

Chongqing

Xi'an

9-Apr

3800

3830

3880

3750

3710

3870

4010

3830

3850

7-Apr

3790

3830

3880

3700

3660

3880

4000

3830

3850

Change

10

-

-

50

50

-10

10

-

-

1.0*1250mm CRC

Shanghai

Hangzhou

Nanjing

Beijing

Tianjin

Shenyang

Guangzhou

Chongqing

Xi'an

9-Apr

4350

4370

4290

4200

4140

4570

4330

4350

4350

7-Apr

4330

4350

4290

4200

4120

4570

4330

4350

4380

Change

20

20

-

-

20

-

-

-

-30

Source: SteelHome


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