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China’s price of HRB400 20mm dia rebar lost Yuan 20/tonne ($3/t) on day to Yuan 4,154/t including the 13% VAT as of November 24, Mysteel’s data showed, the first on-day decline since November 17. Actual sales weakened drastically amid temperature drops.
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Prices for imported iron ore in China’s portside and seaborne cargo markets remained largely stable on November 24, with Mysteel’s PORTDEX 62% Fe Australian Fines index staying unchanged at Yuan 888/wmt ($134.5/wmt) FOT Qingdao and including the 13% VAT. On the same day, the SEADEX 62% Fe Australian Fines price lifted slightly by $1.25/dmt on day to $127.35/dmt CFR Qingdao.
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Tangshan Q235 150mm square billet price, weathervane of China’s steel market development, reversed down after continuous increase since November 16. It decreased by Yuan 30/tonne ($9.1/t) on day to Yuan 3,590/t EXW and including the 13% VAT as of November 23. Downstream buying retreated with bleak winter coldness blanketing the majority of China.
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Prices for imported iron ore in China’s portside and seaborne cargo markets retreated on November 23, with Mysteel’s PORTDEX 62% Fe Australian Fines index reversing down by Yuan 14/wmt ($2.1/wmt) on day to Yuan 888/wmt FOT Qingdao and including the 13% VAT. Monday also saw the SEADEX 62% Fe Australian Fines price decline by $2.7/dmt on day to $126.1/dmt CFR Qingdao.
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Prices for imported iron ore in China's portside and seaborne markets edged up again on November 20, with Mysteel's PORTDEX 62% Fe Australian Fines index increasing for the fourth day, rising by a small Yuan 1/wmt ($0.15/wmt) on day to Yuan 902/wmt FOT Qingdao and including the 13% VAT. Meanwhile, Mysteel’s SEADEX 62% Fe Australian Iron Ore Fines price increased for the fifth successive day, increasing by $1.4/dmt on day to reach $128.8/dmt CFR Qingdao, refreshing its two-month high.
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Chinese steel prices continued to refresh respective highs on November 19 although downstream buyers were starting to worry about the “dangerously high” prices and displayed some resistance in buying, Mysteel Global understands from market sources.
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Prices for imported iron ore in China’s portside and seaborne cargo markets gained more ground on November 19, with Mysteel’s PORTDEX 62% Fe Australian Fines index rising by Yuan 12/wmt ($1.8/wmt) on day to Yuan 901/wmt FOT Qingdao and including the 13% VAT. Thursday also saw the SEADEX 62% Fe Australian Fines price climb by another $0.6/dmt on day to $127.4/dmt CFR Qingdao.
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China’s price of HRB400 20mm dia rebar increased for the second day by another Yuan 15/tonne ($2.3/t) on day to Yuan 4,139/t including the 13% VAT as of November 18, Mysteel’s data showed. However, actual sales softened amid the rainy and snowy climate in some regions of China.
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Mysteel’s PORTDEX 62% Fe Australian Iron Ore Fines rose by Yuan 4/wmt ($0.6/wmt) on day to reach Yuan 889/wmt FOT Qingdao and including the 13% VAT on November 18, its highest level in a month. On Wednesday, Mysteel SEADEX 62% Fe Australian Iron Ore Fines increased too by $1.45/dmt on day to $126.8/dmt CFR Qingdao, or a two-month high.
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China’s national price of HRB400 20mm dia rebar, an indicator of the domestic steel market development, reversed up by Yuan 16/tonne ($2.4/t) on day to Yuan 4,124/t including the 13% VAT as of November 17. It returned to nearly one-year high after dipping for three working days, according to Mysteel’s data.
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Mysteel’s PORTDEX 62% Fe Australian Fines price index gained by Yuan 12/wmt ($1.8/wmt) on day to reach a one-month high of Yuan 885/wmt FOT Qingdao and including the 13% VAT on Tuesday. On the same day, the SEADEX 62% Fe Australian Fines price climbed by another $2.2/dmt on day to also refresh its one-month high of $125.35/dmt CFR Qingdao.
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As of November 16, China’s national price of HRB400 20mm dia rebar, a barometer of the domestic steel market development, edged down for the third working day to Yuan 4,108/tonne ($624/t) including the 13% VAT, shedding Yuan 7/t from last Friday, according to Mysteel’s data.
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Prices for imported iron ore in China’s portside and seaborne cargo markets remained generally stable on November 16, with Mysteel’s PORTDEX 62% Fe Australian Fines index unchanged at Yuan 873/wmt ($128.4/wmt) FOT Qingdao and including the 13% VAT. On the same day, the SEADEX 62% Fe Australian Fines price index nudged up by a tiny $0.6/dmt from last Friday to $123.15/dmt CFR Qingdao.
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China’s imported iron ore prices dropped on November 13 in response to cooling inquiries from steelmakers and traders. On Friday, Mysteel’s PORTDEX 62% Fe Australian Iron Ore Fines index dipped Yuan 11/wmt ($1.7/wmt) on day to Yuan 873/wmt FOT Qingdao and including the 13% VAT, while the SEADEX 62% Fe Australian Iron Ore Fines price declined by $0.65/dmt on day to $122.55/dmt CFR Qingdao.
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Prices for imported iron ore in China's portside and seaborne cargo markets moved in opposite directions on November 12, with Mysteel's PORTDEX 62% Fe Australian Fines index settling at Yuan 884/wmt ($133.6/wmt) FOT Qingdao and including the 13% VAT, climbing by just Yuan 1/wmt on day. Also on Thursday, the SEADEX 62% Fe Australian Fines price reversed down after four straight days of increases to reach $123.2/dmt CFR Qingdao, lower by $1.55/dmt from Wednesday.
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China’s national price of HRB400 20mm dia rebar, an indicator of the domestic steel market sentiment, hit Yuan 4,124/tonne ($621.9/t) including the 13% VAT as of November 11, inching up Yuan 5/t from the last working day, the eleventh working day of increment in a row since October 28 this year, Mysteel’s data showed.
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Mysteel’s PORTDEX 62% Fe Australian Fines price index remained unchanged at Yuan 883/wmt ($133.2/wmt) FOT Qingdao and including the 13% VAT on Wednesday. However, on the same day, the SEADEX 62% Fe Australian Fines price climbed by another $2.2/dmt on day to a one-month high of $124.75/dmt CFR Qingdao.
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China’s HRB400 20mm dia rebar price assessed by Mysteel rose further after the Yuan 115/tonne ($17.4/t) surge on the previous day. It gained another Yuan 49/t on day to Yuan 4,119/t including the 13% VAT as of November 10. Although it refreshed the 11-month high since last December, actual sales were dampened after the price hikes, Mysteel Global noted.
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Prices for imported iron ore in China's portside and seaborne markets edged up on November 10, with Mysteel's PORTDEX 62% Fe Australian Fines index increasing for the second day, gaining Yuan 9/wmt ($1.4/wmt) on day to reach Yuan 883/wmt FOT Qingdao and including the 13% VAT. Meanwhile, the SEADEX 62% Fe Australian Fines price continued to rise for the third day, albeit by a small $1.05/dmt on day to $122.55/dmt CFR Qingdao.
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China’s national price of HRB400 20mm dia rebar, a barometer of the domestic steel market development, increased for the ninth working day to Yuan 4,070/tonne ($614.2/t) including the 13% VAT as of November 9, drastically gaining Yuan 115/t from last Friday, the biggest hike since July 20 this year, according to Mysteel’s data.
