-
Chinese prices of imported iron ore rebounded a little on April 19, with Mysteel’s 62% Australian iron ore fines price index for seaborne cargoes up by $0.3/dmt on day to reach $91.95/dmt CFR Qingdao. Similarly, the price of ore of the same grade and origin at the ports settled at Yuan 663/wmt ($98.8/wmt) FOT Qingdao including 13% VAT, higher by Yuan 5/wmt on day.
-
Chinese prices of imported iron ore continued to wane on April 18. Mysteel’s price index for 62% Australian iron ore fines for seaborne cargoes decreased for a fourth day straight, with the price dipping by another $0.85/dmt to reach $91.65/dmt CFR Qingdao. Meanwhile, the price of ore of the same grade and origin at the ports Thursday reached Yuan 658/wmt ($98.2/wmt) FOT Qingdao including 13% VAT, lower by Yuan 5/wmt on day.
-
Mysteel’s national HRB 400 20mm rebar benchmark price softened by Yuan 7/tonne ($1.1/t) on day to Yuan 4,238/t on delivery and including the 13% VAT as of April 17 after a strong surge in the previous day, while the spot demand remained rather stable.
-
Mysteel’s 62% portside iron ore fines index declined by Yuan 7/wmt ($1/wmt) on day to Yuan 663/wmt FOT Qingdao and including the 13% VAT on April 17. The 62% seaborne iron ore fines index fell $2/dmt on day to $92.5/dmt CFR Qingdao the same day.
-
Mysteel’s national average price for HRB400 20mm dia rebar increased Yuan 16/tonne ($2.4/t) on day to Yuan 4,245/t including the 13% VAT as of April 16 amid the remaining firm downstream demand and the remaining high steel production costs, though the spot trading of long steel subsided on Tuesday.
-
Chinese prices of imported iron ore dipped on April 16, with Mysteel’s 62% Australian iron ore fines price index for seaborne cargoes decreasing by $1.3/dmt on day to reach $94.5/dmt CFR Qingdao. Similarly, the price of ore of the same grade and origin at the ports settled at Yuan 670/wmt ($100/wmt) FOT Qingdao including 13% VAT, lower by Yuan 5/wmt on day.
-
Chinese prices of imported iron ore were generally steady on April 15, with Mysteel’s 62% Australian iron ore fines price index for seaborne cargoes dipping by a tiny $0.1/dmt on day to reach $95.8/dmt CFR Qingdao. The same day, the price of ore of the same grade and origin at the ports remained at Yuan 675/wmt ($100.7/wmt) FOT Qingdao including 13% VAT.
-
Mysteel’s Q235 150mm square Tangshan billet benchmark price, the weathervane of China’s steel market, is approaching its five-month high with a gain of Yuan 20/tonne ($3/t) over the weekend to Yuan 3,570/t EXW and including the 13% VAT as of April 14, thanks to demand revival from local steel re-rollers.
-
Chinese prices of imported iron ore continued to increase on April 12, with Mysteel’s 62% Australian iron ore fines price index for seaborne cargoes recovering by $1.05/dmt on day to reach $95.9/dmt CFR Qingdao Qingdao, a new high since July 2014. At the same time, the price of ore of the same grade and origin at the ports rose by another Yuan 2/wmt ($0.3/wmt) on day to reach Yuan 675/wmt FOT Qingdao including 13% VAT.
-
Mysteel’s national average price for HRB400 20mm dia rebar has been persisting at the level close to Yuan 4,200/tonne ($/t) for the third consecutive day, down merely Yuan 1/tonne on day to Yuan 4,196/t including the 13% VAT as of April 11, as near-term market outlook stayed positive and downstream demand remained firm.
-
Chinese prices of imported iron ore were on the rise as of April 11, with Mysteel’s price index for 62% Australian iron ore fines for seaborne cargoes rising by another $0.7/dmt on day to reach $94.85/dmt CFR Qingdao. However, the price of ore of the same grade and origin at the ports stood at Yuan 673/wmt ($100.2/wmt) FOT Qingdao including 13% VAT, edging up by Yuan 2/wmt on day.
-
Mysteel’s national HRB 400 20mm dia rebar benchmark, the representative price of Chinese steel market, paused for a breath after a continuing climb-up since the start of April, down Yuan 1/tonne ($0.1/t) on day to Yuan 4,197/t including the 13% VAT as of April 10.
-
Chinese prices of imported iron ore diverged on April 10, with Mysteel’s 62% Australian iron ore fines price index for seaborne cargoes recovering by $0.7/dmt on day to reach $94.15/dmt CFR Qingdao. However, the price of ore of the same grade and origin at the ports settled at Yuan 671/wmt ($99.9/wmt) FOT Qingdao including 13% VAT, lower by another Yuan 1/wmt on day.
-
Chinese prices of imported iron ore eased on April 9, with Mysteel’s 62% Australian iron ore fines price index for seaborne cargoes decreasing by $1.45/dmt on day to reach $93.45/dmt CFR Qingdao. Similarly, the price of ore of the same grade and origin at the ports settled at Yuan 672/wmt ($100/wmt) FOT Qingdao including 13% VAT, lower by Yuan 4/wmt on day.
-
Mysteel’s 62% portside iron ore fines index surged by Yuan 20/wmt ($3/wmt) on day to reach Yuan 676/wmt FOT Qingdao and including 13% VAT on April 8. The 62% seaborne index also grew by $1.5/dmt on day to $94.9/dmt CFR Qingdao Monday.
-
The price of Tangshan Q235 150mm square billet reversed up Yuan 20/tonne ($3/t) over April 5-7 to Yuan 3,470/t EXW and including the 13% VAT as of April 7, and market participants attributed the modest rise to the strong performance in finished steel especially long and the further improvement in the market sentiment.
-
Mysteel’s 62% portside iron ore price index remained essentially stable at Yuan 656/wmt ($97.6/wmt) FOT Qingdao including 13% VAT as of April 4, dipping by a tiny Yuan 4/wmt on day. Meanwhile, the price index for Australian iron ore fines of the same grade gained slightly, edging up by just $0.75/dmt on day to $93.4/dmt CFR Qingdao Thursday.
-
Chinese prices of imported iron ore recorded further gains on April 3, with Mysteel’s 62% Australian iron ore fines price index for seaborne cargoes rising by $2.55/dmt on day to reach $92.65/dmt CFR Qingdao. Similarly, the price of ore of the same grade and origin at the ports settled at Yuan 660/wmt ($98.3/wmt) FOT Qingdao including 16% VAT, higher by Yuan 17/wmt on day.
-
Mysteel’s 62% portside iron ore price index increased by Yuan 6/wmt ($0.9/wmt) on day to Yuan 643/wmt FOT Qingdao and including the 13% VAT on April 2. The 62% seaborne iron ore price index rose too, by $2.2/dmt on day to $90.1/dmt CFR Qingdao the same day.
-
Mysteel’s national average price for HRB400 20mm dia rebar increased Yuan 21/tonne ($3/t) from last Friday to Yuan 4,062/t on April 1, despite that the new 13% VAT took effect to replace the original 16% VAT, and the daily trading volume grew too, indicating the steady revival in domestic demand when the spring has come to the most parts of China.
