During the week of May 27-May 31, the domestic steel price index declined, with the long steel price index and plate price index falling.
That week, the China Steel Price Index (CSPI) was 107.03 points, a week-on-week decline of 0.59 points, down 0.55%; than the end of last month rose 0.25 points, or 0.23%; than the end of last year, down 5.87 points, or 5.20%; year-on-year increase of 0.14 points, or 0.13%.
Among them, the price index for long steel was 110.91 points, down 0.63 points week on week, or 0.57%; up 1.51 points, or 1.38% from the end of last month; down 5.20 points from the end of last year, or 4.48%; up 1.21 points year on year, or 1.10%.
The plate price index was 104.51 points, down 0.60 points week-on-week, or 0.57%; down 0.47 points from the end of last month, or 0.45%; down 7.29 points from the end of last year, or 6.52%; the year-on-year decline of 3.09 points, or 2.87%.
Sub-regional perspective, the country's six major regions' steel price index week-on-week decline, of which the largest drop is the Northeast, and the smallest decline is the Southwest.
Specifically, the steel price index in North China was 106.43 points, a week-on-week decline of 0.62 points, or 0.58%; than the end of last month rose 0.08 points, or 0.08%.
Northeast steel price index was 106.43 points, a week-on-week decline of 0.97 points, down 0.90%; than the end of last month rose 0.61 points, up 0.58%.
East China steel price index was 107.78 points, a week-on-week decline of 0.49 points, down 0.45%; than the end of last month rose 0.38 points, up 0.35%.
Central and southern region steel price index was 108.65 points, a week-on-week decline of 0.61 points, down 0.56%; than the end of last month rose 0.31 points, up 0.28%.
Southwest steel price index was 106.82 points, a week-on-week decline of 0.42 points, down 0.39%; than the end of last month rose 0.67 points, or 0.63%.
Northwest steel price index was 107.64 points, a week-on-week decline of 0.66 points, down 0.61%; than the end of last month rose 0.27 points, or 0.25%.
Sub-species point of view, compared with the end of last month, eight major steel varieties' prices have risen and fallen, of which the largest increase is rebar, and the largest drop is cold rolled sheet.
Specifically, the diameter of 6 mm high wire price of 4021 yuan/ton, compared with the end of last month rose 73 yuan/ton, or 1.85%;
The price of 16 mm diameter rebar was RMB 3,747/tonne, up RMB 69/tonne from the end of last month, an increase of 1.88%;
5 # angle steel price of 3926 yuan/ton, up 16 yuan/ton from the end of last month, an increase of 0.41%;
20 mm medium plate price of 3903 yuan/ton, compared with the end of last month fell 2 yuan/ton, down 0.05%;
3 mm hot rolled coil price of 3927 yuan/ton, down 7 yuan/ton from the end of last month, down 0.18%;
1 mm cold rolled sheet price of 4,398 yuan/ton, compared with the end of last month fell 80 yuan/ton, down 1.79%;
1 mm galvanized sheet price of 4920 yuan/ton, than the end of last month fell 36 yuan/ton, down 0.73%;
Diameter 219 mm × 10 mm hot-rolled seamless pipe price of 4776 yuan/ton, down 6 yuan/ton from the end of last month, down 0.13%.
From the cost side, the General Administration of Customs data show that in April, the average price of imported iron ore was $ 113.12 / ton, down $ 12.84 / ton, or 10.19%; than the average price in December 2023 fell $ 10.14 / ton, or 8.23%; than the same period last year, lower than $ 7.42 / ton, or 6.16%.
In the week of May 27-May 31, the price of iron ore concentrate in the domestic market was RMB989/ton, up RMB34/ton or 3.56% from the end of last month; down RMB121/ton or 10.90% from the end of last year; up RMB97/ton or 10.87% from the same period last year.
The price of coking coal (grade 10) was RMB1,963 per ton, down RMB45 per ton or 2.24% from the end of last month; down RMB630 per ton or 24.30% from the end of last year; up RMB325 per ton or 19.84% year-on-year. Coke price was RMB 2004/ton, up RMB 75/ton or 3.89% from the end of last month; down RMB 450/ton or 18.34% from the end of last year; up RMB 56/ton or 2.87% year-on-year. Scrap price was RMB 2,878/ton, up RMB 32/ton, or 1.12%, from the end of last month; down RMB 111/ton, or 3.71%, from the end of last year; down RMB 32/ton, or 1.12%, year-on-year.
From the international market, in April, CRU international steel price index was 205.6 points, down 4.6 points or 2.2%; down 13.1 points or 6.0% from the end of last year; a year-on-year decline of 44.2 points or 17.7%.
Among them, the CRU Long Products Price Index was 209.3 points, down 8.1 points, or 3.7%; down 32.6 points, or 13.5%, year-on-year. CRU Plate Price Index was 203.8 points, down 17.3 points, or 7.8%; down 50.0 points, or 19.7%, year-on-year.
Sub-regionally, in April, the price index for North America was 250.9 points, up 9.7 points, or 4.0%; the price index for Europe was 221.8 points, down 12.4 points, or 5.3%; the price index for Asia was 170.0 points, down 8.7 points, or 4.9%.
That week, domestic steel prices fell overall. in May, steel prices rose and fell, generally showing a shock-running trend. From the downstream demand point of view, the actual demand and market expectations compared with the previous period have improved greatly. Into June, compared with May, demand is expected to improve the space is limited. From the supply side, mainly to see the landing of crude steel production control policy. From a comprehensive point of view, it is expected that in the short term, steel prices continue to oscillate strong operation.
Post time: Jun-07-2024