In the week of December 11th to December 15th, the domestic steel price index increased slightly, the long product price index increased slightly, and the plate price index increased slightly.
That week, the China Steel Price Index (CSPI) was 112.77 points, up 0.33 points week-on-week, or 0.30 per cent; up 1.15 points from the end of last month, or 1.03 per cent; down 0.48 points from the end of last year, or 0.42 per cent; year-on-year decline of 0.35 points, or 0.31 percent. Among them, the price index of long steel was 116.45 points, up 0.14 points week-on-week, or 0.12 percent; up 0.89 points from the end of last month, or 0.77 percent; down 2.22 points from the end of last year, or 1.87 per cent; year-on-year decline of 1.47 points, or 1.25 percent. Plate price index was 111.28 points, week on week rose 0.50 points, or 0.45 percent; than the end of last month rose 1.47 points, or 1.34 percent; than the end of last year fell 1.63 points, or 1.44 percent; year-on-year decline of 2.03 points, or 1.79 percent.
Viewed by region, in addition to North China, CSPI six major regions of the steel price index week-on-week increase, the largest increase in the region for the South Central region, the smallest increase in the region for the Northeast. Among them, the steel price index in North China was 110.69 points, down 0.11 points week on week, or 0.10%; than the end of last month rose 0.53 points, or 0.48%. Northeast region steel price index was 110.42 points, week on week rose 0.15 points, or 0.14%; than the end of last month rose 1.05 points, or 0.96%. East China steel price index was 114.40 points, week on week rose 0.34 points, or 0.30%; than the end of last month rose 1.32 points, or 1.17%. South Central region steel price index was 115.15 points, week on week rose 0.60 points, or 0.52%; than the end of last month rose 1.30 points, or 1.14%. Southwest steel price index was 113.25 points, week on week rose 0.51 points, or 0.46 per cent; than the end of last month rose 1.55 points, or 1.39 per cent. Northwest steel price index was 113.60 points, week on week rose 0.46 points, or 0.41 per cent; than the end of last month rose 0.67 points, or 0.59 per cent.
In terms of varieties, among the eight major steel varieties, except for hot rolled seamless steel pipes, the prices of other varieties have increased compared with the end of last month. The variety with the largest increase is hot rolled steel coils, and the variety with the smallest increase is angle steel. Among them, the price index of high wire with a diameter of 6 mm was 120.60 points, an increase of 0.79% from the end of last month; the price index of rebar with a diameter of 16 mm was 112.60 points, an increase of 0.74% from the end of last month; the price index of 5# angle steel was 116.18 points, an increase of 0.79% from the end of last month increased by 0.52%; the price index of 20 mm medium and thick plates was 114.27 points, an increase of 1.61% from the end of last month; the price index of 3 mm hot rolled steel coils was 108.19 points, an increase of 1.83% from the end of last month; the price index of 1 mm cold rolled steel sheets was 102.56 points, an increase of 0.71% from the end of last month; the price index of 1 mm galvanized steel sheet was 104.51 points, an increase of 0.67% from the end of last month; the price index of hot rolled seamless pipes with a diameter of 219 mm × 10 mm was 96.07 points, a decrease of 0.06% from the end of last month.
From the cost side, data from the General Administration of Customs show that in November, the average price of imported iron ore was $117.16 per tonne, up $25.09 per tonne, or 27.25%, from the end of last year; up $4.23 per tonne, or 3.75%, from the average price in October; higher than the same period last year, $22.82 per tonne, up 24.19%. During the week, the price of iron powder in the domestic market was RMB 1,097 per tonne, up RMB 30 per tonne, or 2.81%, from the end of last month; RMB 175 per tonne, or 18.98%, from the end of last year; and RMB 181 per tonne, or 19.76%, from the same period last year. The price of coking coal (grade 10) was RMB 2,543 per tonne, up RMB 75 per tonne, or 3.04%, from the end of last month; down RMB 95 per tonne, or 3.60%, from the end of last year; and up RMB 20 per tonne, or 0.79%, from the same period last year. Coke price was RMB 2,429/tonne, up RMB 100/tonne, or 4.29%, compared with the end of last month; down RMB 326/tonne, or 11.83%, compared with the end of last year; down RMB 235/tonne, or 8.82%, compared with the same period last year. The price of steel scrap was RMB 2,926 per tonne, up RMB 36 per tonne, or 1.25%, from the end of last month; down RMB 216 per tonne, or 6.87%, from the end of last year; down RMB 196 per tonne, or 6.28%, year-on-year.
From the international market point of view, in November, CRU international steel price index was 204.2 points, an increase of 8.7 points, or 4.5 per cent, a rebound after six consecutive months of decline in the ring; than at the end of last year, a decline of 1.0 points, down 0.5 per cent; year-on-year decline of 2.6 points, down 1.3 per cent. Among them, CRU long steel price index was 209.1 points, up 0.3 points, or 0.1%; year-on-year decline of 32.5 points, or 13.5%. CRU plate price index was 201.8 points, up 12.8 points, or 6.8%; year-on-year increase of 12.2 points, or 6.4%. Sub-regional perspective, in November, the North American steel price index was 241.7 points, up 30.4 points, up 14.4%; European steel price index was 216.1 points, up 1.6 points, up 0.7%; Asian steel price index was 175.6 points, down 0.2 points, down 0.1%.
Overall, raw materials continue to run strong, iron ore prices fluctuate at high levels, coking coal and coke prices rose, and steel prices continued to rise during the week. In the short term, steel prices are expected to continue to run on the strong side of the shock.
Post time: Dec-20-2023