-
China’s imported iron ore prices in port markets remained largely stable on March 27, with Mysteel’s PORTDEX 62% Fe Australian iron ore fines dipping by a tiny Yuan 1/wmt ($0.1/wmt) on day to Yuan 663/wmt FOT Qingdao and including the 13% VAT. On the same day, the SEADEX 62% Fe Australian iron ore fines index declined by $0.6/dmt on day to reach $85.25/dmt CFR Qingdao.
-
Mysteel’s national average HRB400 20mm dia rebar benchmark price hovered at Yuan 3,650/tonne ($516.3/t) including the 13% VAT as of Thursday, nudging up Yuan 1/t on day. The benchmark has remained rangebound since mid-March, Mysteel Global noted.
-
Mysteel’s PORTDEX 62% iron ore fines dipped Yuan 3/wmt ($0.4/wmt) on day to reach Yuan 664/wmt FOT Qingdao and including the 13% VAT on March 26. The SEADEX 62% iron ore fines price declined too by $1.25/dmt on day to $85.85/dmt CFR Qingdao on Thursday.
-
China’s national average benchmark price reversed up Yuan 8/tonne ($1.1/t) on day to Yuan 3,949/t, including the 13% VAT as of March 25, according to Mysteel’s database. Sales stabilised with better trading on the same day.
-
China’s prices for imported iron ore in the port and seaborne markets posted further gains on March 25, with Mysteel’s PORTDEX 62% Fe Australian iron ore fines increasing by another Yuan 18/wmt ($2.6/wmt) on day to Yuan 667/wmt FOT Qingdao and including the 13% VAT. On the same day, the SEADEX 62% Fe Australian was also up $2.9/dmt on day at $87.1/dmt CFR Qingdao.
-
China’s prices for imported iron ore in the port and seaborne markets recovered on March 24, with Mysteel’s PORTDEX 62% Fe Australian iron ore fines reversing up by Yuan 10/wmt ($1.4/wmt) on day to Yuan 649/wmt FOT Qingdao and including the 13% VAT. On the same day, the SEADEX 62% Fe Australian iron ore fines index also rebounded by $4.25/dmt on day to reach $84.2/dmt CFR Qingdao.
-
Mysteel’s national average price for HRB400 20mm rebar benchmark reversed down by Yuan 25/tonne ($3.5/t) from last Friday to reach Yuan 3,647/t including the 13% VAT as of March 23. Trading has slowed down and market sentiment has turned more cautious, Mysteel Global noted.
-
China’s prices for imported iron ore at the port and seaborne markets slid further on March 23, with Mysteel’s PORTDEX 62% Fe Australian iron ore fines losing another Yuan 24/wmt ($3.4/wmt) on day to reach Yuan 639/wmt FOT Qingdao and including the 13% VAT for a near one-month low. Also on Monday, the SEADEX 62% Fe Australian iron ore fines index decreased by another $6.55/dmt on day to reach a near two-month low of $79.95/dmt CFR Qingdao.
-
China’s prices for imported iron ore at the port and seaborne markets softened further on March 20, with Mysteel’s PORTDEX 62% Fe Australian iron ore fines losing another Yuan 16/wmt ($2.3/wmt) on day to Yuan 663/wmt FOT Qingdao and including the 13% VAT, the highest on-day fall since the index lost Yuan 20/wmt on February 28. Also on Friday, the SEADEX 62% Fe Australian iron ore fines index decreased by $2.95/dmt on day to reach $86.5/dmt CFR Qingdao.
-
China’s national average benchmark price for HRB400 20mm dia rebar reversed down Yuan 13/tonne ($1.8/t) on day to Yuan 3,664/t, including the 13% VAT, as of March 19, mainly impacted by the bearish rebar futures market, according to Mysteel’s daily price tracker.
-
Mysteel’s PORTDEX 62% iron ore fines softened by Yuan 2/wmt ($0.3/wmt) from the near-two-month high of Yuan 681/wmt yesterday to reach Yuan 679/wmt FOT Qingdao and including the 13% VAT on March 19. On Thursday, the SEADEX index dropped too by $1.5/dmt on day to reach $89.45/dmt CFR Qingdao.
-
China’s imported iron ore prices for both port inventories and seaborne cargoes recorded more gains on March 18, with Mysteel’s PORTDEX 62% Fe Australian iron ore fines hitting a two-month high, up by Yuan 5/wmt ($0.7/wmt) on day at Yuan 681/wmt FOT Qingdao and including the 13% VAT. On the same day, the SEADEX 62% Fe Australian iron ore fines index also climbed by $0.75/dmt on day to reach $90.95/dmt CFR Qingdao.
-
China’s prices for imported iron ore at the port and seaborne markets reversed up to last Friday's levels on March 17, with Mysteel’s PORTDEX 62% Fe Australian iron ore fines rising by Yuan 9/wmt ($1.3/wmt) on day to reach Yuan 676/wmt FOT Qingdao and including the 13% VAT. On the same day, the SEADEX 62% Fe Australian iron ore fines index also gained $0.25/dmt on day to $90.2/dmt CFR Qingdao.
-
China’s rebar price increased further and faster on March 16 to hit nearly one-month high, mainly thanks to better trading on the same day. Mysteel’s national average price for HRB400 20mm dia rebar gained Yuan 65/tonne ($9.3/t) on day to Yuan 3,670/t including the 13% VAT. Sales also climbed to a record of 3.5-month high.
-
China’s prices for imported iron ore at the port and seaborne markets reversed down on March 16, with Mysteel’s PORTDEX 62% Fe Australian iron ore fines declining by Yuan 9/wmt ($1.3/wmt) from last Friday to reach Yuan 667/wmt FOT Qingdao and including the 13% VAT. On the same day, the SEADEX 62% Fe Australian iron ore fines index also lost $0.85/dmt from last Friday to $89.95/dmt CFR Qingdao.
-
Mysteel’s Tangshan Q235 150mm square billet benchmark price, bellwether of China’s steel market sentiment, increased a total of Yuan 60/tonne ($8.6/t) over the weekend to Yuan 3,190/t EXW and including the VAT as of March 15. It is the highest level in the recent month, as local demand reached a “peak level”, according to a Chinese market source.
-
China’s imported iron ore prices for both port inventories and seaborne cargoes recorded more gains on March 13, with Mysteel’s PORTDEX 62% Fe Australian iron ore fines up by Yuan 12/wmt ($1.71/wmt) on day to Yuan 676/wmt FOT Qingdao and including the 13% VAT. On the same day, the SEADEX 62% Fe Australian iron ore fines index also climbed by $0.5/dmt on day to reach $90.8/dmt CFR Qingdao.
-
China’s imported iron ore prices at the port and seaborne markets rebounded on March 12, with Mysteel’s PORTDEX 62% Fe iron ore fines rising by Yuan 1/wmt ($0.1/wmt) on day to reach Yuan 664/wmt FOT Qingdao and including the 13% VAT. Also on the same day, the SEADEX 62% Fe iron ore fines recovered by $1.1/dmt on day, to settle at $90.3/dmt CFR Qingdao.
-
Mysteel’s PORTDEX 62% Fe iron ore fines dipped Yuan 4/wmt ($0.6/wmt) on day to reach Yuan 663/wmt FOT Qingdao and including the 13% VAT on March 11. Also on Wednesday, the SEADEX 62% Fe iron ore fines declined too, by $2.1/dmt on day, to settle at $89.2/dmt CFR Qingdao.
-
Mysteel’s national average price for HRB400 20mm dia rebar benchmark remained unchanged from the previous day at Yuan 3,583/tonne ($515.2/t), including the 13% VAT as of March 10. Trading volume of long steel products amongst Chinese traders rose further and the increase in transactions encouraged traders to hold on to their offering prices, Mysteel Global has learned.
