Steel Raw Materials Daily Review

Daily Review

Date:

DAILY: China’s iron ore prices stable before CNY Jan 22, 2020

Chinese prices of imported iron ore continued to hover on January 22, with Mysteel's PORTDEX 62% Fe Australian iron ore fines staying unchanged at Yuan 700/wmt ($101.4/t) FOT Qingdao including the 13% VAT. The same day, the SEADEX 62% Fe Australian iron ore fines index continued marking time at $95.5/dmt CFR Qingdao.
DAILY: China’s steel market into festive mode Jan 22, 2020

China’s domestic steel prices have changed little since the start of 2020 and the market is getting quieter with more market participants leaving for home to celebrate the Chinese New Year holiday that will start on January 24 until January 30.
DAILY: China’s iron ore prices stabilize, trading down Jan 21, 2020

Chinese prices of imported iron ore stabilized on January 21, with Mysteel’s price index for 62% portside iron ore fines (PORTDEX 62% Fe Australian iron ore fines) unchanged at Yuan 700/wmt ($101.4/t) FOT Qingdao including the 13% VAT. On same day, the 62% seaborne iron ore fines price index (SEADEX 62% Fe Australian iron ore fines) also marked time at $95.5/dmt CFR Qingdao.
DAILY: China rebar price static, market in a halt Jan 21, 2020

China’s national average benchmark price of the HRB 400 20mm dia rebar remained unchanged for the third working day at Yuan 3,834/tonne ($548/t) including the 13% VAT on January 20 amid the lukewarm market with the Chinese New Year (CNY) holiday to start on Friday.
DAILY: China’s iron ore prices firm, trading up Jan 20, 2020

Chinese prices of imported iron ore increased on January 20, with Mysteel’s price index for 62% portside iron ore fines rising by a tiny Yuan 1/wmt ($0.15/wmt) from Sunday to reach Yuan 700/wmt FOT Qingdao including the 13% VAT. Sunday was a working day in China in lieu of the Chinese New Year (CNY) holiday commencing later this week. On Monday the 62% seaborne iron ore fines price index dipped but only by a small $0.25/dmt on day to reach $95.5/dmt CFR Qingdao.
DAILY: China’s steel price stable before CNY, trade stalls Jan 20, 2020

Mysteel’s national HRB400 20mm dia rebar benchmark price and Mysteel’s Tangshan Q235 150mm square billet price, the two key indicators of China’s steel market dynamics, stayed unchanged at Yuan 3,834/tonne ($558.9/t) and Yuan 3,300/t EXW respectively including the 13% VAT on January 19.
DAILY: China’s iron ore prices up, trading stays low Jan 17, 2020

China’s iron ore prices gained on January 17, with Mysteel’s price index for portside 62% Fe Australian iron ore fines (PORTDEX 62% Fe Australian iron ore fines) reversing up by Yuan 6/wmt ($0.86/wmt) on day to reach Yuan 679/wmt FOT Qingdao including the 13% VAT. On the same day, Mysteel’s price index for seaborne 62% Fe Australian iron ore fines (SEADEX 62% Fe Australian iron ore fines) nudged up $0.5/dmt on day to $95.75/dmt CFR Qingdao.
DAILY: China’s steel prices stall, trading thins further Jan 17, 2020

China’s domestic steel price stayed quiet as most of the downstream construction sites have suspended their operations and many traders have started their long holiday for the Chinese New Year in advance. China’s national average price for HRB 400 20mm dia rebar remained stable on day at Yuan 3,835/tonne ($558/t) including the 13% VAT as of January 16.
DAILY: China’s iron ore prices, trading both down Jan 16, 2020

China’s iron prices for both port inventories and seaborne cargoes continued to fall on January 16, with Mysteel’s portside iron ore index decreasing by Yuan 5/wmt ($0.7/wmt) on day to reach Yuan 691/wmt FOT Qingdao and including the 13% VAT. The same day, the seaborne iron ore index lost ground too, albeit by a tiny $0.05/dmt on day to settle at $95.25/dmt CFR Qingdao.
DAILY: China rebar price stable, sales stay low Jan 16, 2020

Mysteel’s national HRB400 20mm dia rebar benchmark price remained largely stable after entering 2020, assessed at Yuan 3,835/tonne ($548/t), including the 13% VAT, up by only Yuan 1/t on day, according to Mysteel’s database. Spot sales have been steadily declining, Mysteel Global noted.
DAILY: China’s iron ore prices dip on softening demand Jan 15, 2020

Mysteel’s 62% portside iron ore index edged down by Yuan 2/wmt ($0.3/wmt) on day to reach $696/wmt FOT Qingdao and including the 13% VAT on January 15. Also on Wednesday, the 62% seaborne iron ore index was $1/dmt lower on day at $95.3/dmt CFR Qingdao.
DAILY: China’s iron ore trading still active, prices up Jan 14, 2020

China’s iron ore prices gained on January 14, with Mysteel's price index for seaborne 62% Fe Australian iron ore fines (SEADEX 62% Fe Australian iron ore fines) rising to near its four-month high of $96.3/dmt CFR Qingdao, up $2/dmt on day. On the other hand, Mysteel’s price index for portside 62% Fe Australian iron ore fines (PORTDEX 62% Fe Australian iron ore fines) also reversed up by Yuan 6/wmt ($0.87/wmt) on day to reach Yuan 698/wmt FOT Qingdao including 13% VAT.
DAILY: China rebar price stable, market in festive mood Jan 14, 2020

Mysteel’s national HRB400 20mm dia rebar benchmark price remained largely stable at Yuan 3,835/tonne ($556/t) including the 13% VAT, up only Yuan 1/t from last Friday, and the price had been hovering at the level since the start of 2020, though the spot steel trading volume has been declining steadily, Mysteel Global noted.
DAILY: China’s iron ore prices diverge, trading improves Jan 13, 2020

China’s imported iron prices diverged on January 13, with Mysteel's price index for seaborne 62% Fe Australian iron ore fines (SEADEX 62% Fe Australian iron ore fines) rising by $1.25/dmt on day to reach $94.3/dmt CFR Qingdao. However, Mysteel’s price index for portside 62% Fe Australian iron ore fines (PORTDEX 62% Fe Australian iron ore fines) dipped by a tiny Yuan 1/wmt ($0.1/wmt) to Yuan 692/wmt FOT Qingdao including the 13% VAT.
DAILY: China’s iron ore prices stabilize, trading thin Jan 10, 2020

China’s imported iron prices were generally steady on January 10, with Mysteel's price index for seaborne 62% Fe Australian iron ore fines (SEADEX 62% Fe Australian iron ore fines) up by a tiny $0.05/dmt on day at $93.05/dmt CFR Qingdao. Also, Mysteel’s price index for portside 62% Fe Australian iron ore fines (PORTDEX 62% Fe Australian iron ore fines) remained unchanged at Yuan 693/wmt ($100.1/wmt) FOT Qingdao including the 13% VAT.
DAILY: China’s rebar price stable, sales shrink Jan 10, 2020

According to Mysteel’s database, China’s national average benchmark price for HRB 400 20mm dia rebar stayed unchanged at Yuan 3,836/tonne ($548/t) including the 13% VAT as of January 9, and sales shrank in light of the fast-approaching Chinese New Year holiday.
DAILY: China’s iron ore prices down, trading eases Jan 09, 2020

China’s imported iron prices decreased on January 9, with Mysteel’s PORTDEX 62% Australian Fines Index down Yuan 11/wmt ($1.6/wmt) on day at Yuan 693/wmt FOT Qingdao including the 13% VAT. On the same day, Mysteel’s SEADEX 62% Australian Fines Index also edged down by $2.15/dmt on day to $93/dmt CFR Qingdao.
DAILY: China’s portside iron ore trading active Jan 08, 2020

China’s imported iron ore prices recorded some gains on January 8, with Mysteel’s portside iron ore index up Yuan 7/wmt ($1/wmt) on day to reach a two-month high of Yuan 704/wmt FOT Qingdao including 13% VAT. As for the seaborne market, Mysteel assessed the 62% Australian Fines Index at a three-month high, up $0.85/dmt on day to $95.15/dmt CFR Qingdao.
DAILY: China’s billet price rebounds, rebar dips further Jan 08, 2020

On January 7, Mysteel’s Tangshan Q235 150mm square billet benchmark price, an important indicator of China’s steel market dynamics, rebounded Yuan 10/tonne ($1.4/t) on day to Yuan 3,310/t EXW, including the 13% VAT. The rebound occurred after staying flat for seven consecutive days, thanks to the production resumption of steel re-rollers in Tangshan city, China’s top steelmaking city in North China’s Hebei province.
DAILY: China’s portside iron ore trading stays firm Jan 07, 2020

Mysteel’s 62% portside iron ore index was generally stable on January 7, dipping by Yuan 3/wmt ($0.4/wmt) on day to reach Yuan 697/wmt FOT Qingdao and including the 13% VAT. However, on Tuesday the 62% seaborne iron ore index edged up by $0.15/dmt on day to reach $94.3/dmt CFR Qingdao.

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Product	Grade	Size	Price	Chg	Port
Billet	3SP/Q235	150*150	490	0	Tianjin
Rebar	HRB400	20*12	500	-10	Tianjin
HRC	Q235B	5.51500C	518	-15	Talian
Plate	Q345B	1218002000	515	-20	Tianjin
CRC	SPCC	1.0*1250	535	0	Tianjin
Galvanized	SGCC	0.31000C	665	0	Tianjin

Daily Review

DAILY: China’s iron ore prices stable before CNY Jan 22, 2020

DAILY: China’s steel market into festive mode Jan 22, 2020

DAILY: China’s iron ore prices stabilize, trading down Jan 21, 2020

DAILY: China rebar price static, market in a halt Jan 21, 2020

DAILY: China’s iron ore prices firm, trading up Jan 20, 2020

DAILY: China’s steel price stable before CNY, trade stalls Jan 20, 2020

DAILY: China’s iron ore prices up, trading stays low Jan 17, 2020

DAILY: China’s steel prices stall, trading thins further Jan 17, 2020

DAILY: China’s iron ore prices, trading both down Jan 16, 2020

DAILY: China rebar price stable, sales stay low Jan 16, 2020

DAILY: China’s iron ore prices dip on softening demand Jan 15, 2020

DAILY: China’s iron ore trading still active, prices up Jan 14, 2020

DAILY: China rebar price stable, market in festive mood Jan 14, 2020

DAILY: China’s iron ore prices diverge, trading improves Jan 13, 2020

DAILY: China’s iron ore prices stabilize, trading thin Jan 10, 2020

DAILY: China’s rebar price stable, sales shrink Jan 10, 2020

DAILY: China’s iron ore prices down, trading eases Jan 09, 2020

DAILY: China’s portside iron ore trading active Jan 08, 2020

DAILY: China’s billet price rebounds, rebar dips further Jan 08, 2020

DAILY: China’s portside iron ore trading stays firm Jan 07, 2020

Daily Prices

Prices Summarization

FOB prices of steel products on August 6