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Steelhome website publishes monthly report of eight kinds of steel and
raw material products including construction Steel, HRC/CRC, medium
plate, stainless steel, iron ore, coke, scrap and ferroalloy on or
before the 6th of each month. If you are interested in
SteelHome Monthly Report, please contact
Annieli@steelhome.cn,
Info@steelhome.cn, or dial 86-21-50585733/50585368/50585358
Summary:
Monthly Report on China Construction Steel Market for January, 2010
China
construction steel market fell in January, which resulted from
government¡¯s liquidity curbs, rising inventory and low off consumption
season.
Supply
pressure will mount further in February which Spring Festival falls on.
Marketplace inventory will be piling up further since steel mills
maintain production uninterrupted during Spring Festival while trading
day decrease in February. On the other hand, iron ore, coke price rise
and supply shortage restrict the downward room. Credit loans will remain
loose as traditionally banks would not put curbs in loans in every first
quarter of new year. China construction steel market would rally and
slightly pick up in February, 2010.
I Analysis and Review on China Construction Steel Market in
January, 2010
I.1 1
Construction steel production maintain high growth rate, which pose
great pressure on supply
I.2 Growth
rate of investments in fixed-asset and real estate industries continue
to fall, which may impact on construction steel demand
I. 3
Construction steel inventory surged at marketplace
1.4
Central bank curb liquidity, but credit loans keep loose
II
Outlook on
February construction steel market
II.1
Construction steel demand would expand since infrastructure construction
and affordable house construction would grow
II.2
Supply& demand will not be in balance due to seasonal factors
II.3 China
will strengthen efforts in environmental protection and backward
capacity elimination in steel industry
II.4 Ample
money supply will not change although government adjusted macro policies
II.5 The
ex-works price settled by steel mills is higher than current spot price
II.6
Metallics price remain firm
Table 1
Spot price of China wire rod/rebar in January
Table 2
Ex-works price of China construction steel
Graph 1
Q235 6.5mm wire rod price trend in January 2010
Graph 2
HRB335 20mm price trend in January 2010
Graph 3
China construction steel production by month in 2008-2009
Graph 4
Accumulative production of construction steel in 2008-2009
Graph 5
Daily production of construction steel in 2008-2009
Graph 6
China construction steel imports by month in 2008-2009
Graph 7
China construction steel exports by month in 2008-2009
Graph 8
China billet/slab impo/expo in 2008-2009
Graph 9
China construction steel available supplies in 2008-2009
Graph 10
Accumulative supply of construction steel in 2008-2009
Graph 11
China Township FAI in 2008-2009
Graph 12
China real estate investments in 2008-2009
Graph 13
China construction steel inventory in 2008-2009
Graph 14
China money supply in 2008-2009
Monthly Report on China Medium Plate Market for January, 2010
Chinese
medium plate price fluctuated in Jan. The output growth stayed at high
level, and exports decreased again, however, rising plate bookings in
large and medium enterprises eased oversupply. Slab price stayed firm
consecutively, and available resources were limited, which affected the
profit of re-rollers seriously. The average capacity utilization rate of
medium plate re-rollers in East China decreased to 40 percent; and the
range of production cutbacks would increase. Medium plate price
performed weak in the international market. New-added capacity of medium
plate in S Korea would be released gradually. It is expected that
Chinese medium plate price would fluctuate before Spring Festival,
Chinese traditional holiday, and is
expected
to escalate moderately thereafter.
I
Chinese medium plate price fluctuated in Jan.
II Momentums causing price vibration in China medium plate market
III Analysis on China medium plate market in Feb.
III.1
China medium plate production gained year on year increase
III.2 b.
Analysis on China medium plate import & export
III.3
Downstream sectors
III.4
Price policies of medium plate manufacturers in Jan.
III. 5
Medium plate price performed weak in international market
III.6
Medium plate price is expected to escalate slightly in China after
Spring Festival
Table 1
Medium plate price in major Chinese markets in January 2009
Table 2
China medium plate production during January- December 2009
Table 3
China medium plate and steckle mill production during Jan. - Dec. 2009
Table 4
Steel mills¡¯ ex-works price adjustment in Jan. 2010
Table 5
Shipbuilding plate ex-works price adjustment in Jan.
Table 6
China pressure vessel plate and boiler plate ex-works price adjustment
in Jan.
Graph 1
Steelhome China steel average price during Jan.2, 2008-Jan. 29, 2010
Graph 2
China accumulative plate production in 2008-2009
Graph 3
China palte production by Month in 2008-2009
Graph 4
China plate impo & expo in 2008-2009
Graph 5
Accumulative apparent consumption of China plate in 2008-2009
Monthly Report on China Iron Ore Market for January 2010
China iron
ore price picked up continuously in January 2010, however, that in
northern China went down slightly from late January. In a wake of rapid
jump, price of imported ore moved down to some degree, as of ending
January, the latest quotation of Indian fines (Fe content of 63.5
percent) stood at USD$ 124-126 per tonne (CIF), up USD$ 3-5 per tonne
over last month. With the forthcoming of Spring Festival, domestic
small-and-medium mines cut down iron ore production and the entire
transaction appeared bleak. After about two-months purchase, iron ore
inventory of steel mills climbed up to some extent. Due to steel price
drop, steel mills appeared hesitated in purchasing temporarily, it is
predicted that iron ore price in the future is likely to be stable as a
whole.
I China iron ore price jumped up continuously in January 2010
II Analysis on China iron ore market in Feb. 2010
II.1
Available iron ore appears insufficient in February 2010
II.2 Price
of imported iron ore tumbled after rise
II. 3
Ocean freight fluctuated
II.4 Iron
ore inventory at ports climbed up gently
I.5 China
steel price fell after rise in January 2010
II.6
International investment banks higher prediction on FY 2010 iron ore
benchmark price
II.7 China
enhanced effort to import iron ore from overseas market
II. 8 Iron
ore demand from steel mills maintains robust
Table 1
China iron ore price in Mar. 2009-Jan.2010
Table 2
Steel price changes at domestic market
Graph 1
China iron ore price in 2008-Jan. 2010
Graph 2
China iron ore output VS import in 2008-Dec.2009
Graph 3
Price contrast between domestic & imported ore in 2008-Jan.2010
Graph 4
International ocean freight in 2008-Jan.2010
Graph 5
China iron ore imports & inventory at ports in 2008-Jan. 2010
Monthly Report on China Scrap Market for January 2010
China¡¯s
scrap price trended up in January, while the growth slowed down in the
second half of month. Although steel price was corrected recently, scrap
market kept robust on the back of low social inventory and falling
imports.
In
February, scrap supply will shrink further and large-and-medium-scaled
steelmakers will keep high operating rate, thus scrap supply conflict
will deteriorate. SteelHome predicts that China's scrap price will
welcome slight upside in February.
I Review on China scrap market of Jan.2010
I.1
Review on China scrap market of Jan.2010
I.2
Scrap market kept strong
I.3
Steelworks' scrap inventories & purchase price adjustment
I.4
International scrap prices increased as a whole
II
Outlook on China scrap market in Feb.2010
II.1
Scrap supply tension to continue
II.2
Scrap imports to fall
II.3
Domestic scrap demand to stabilize
II.4
International scrap price growth to slow down
II.5
Pig iron price to drop slightly
Table 1
6 -10mm Scrap purchase price adjustment in Jan. 2010
Graph 1
China HMS prices of Key markets in 2009-Jan. 2010
Graph 2
HMS prices VS rebar price in East China in 2009-Jan.2010
Graph 3
Scrap consumption & inventory of Chinese steelmakers in 2009
Graph 4
Japan HMS2 average price in 2009-Jan.2010
Graph 5
China scrap import volume & import price in 2008-2009
Graph 6
China scrap import rice in 2008-Jan.2010
Graph 7
China iron-to-steel ratio VS scrap price in 2008-2009 |
