-
China’s automobile industry is expected to witness further declines in 2020 as it enters a period of low-speed, high-quality development, with auto sales likely to dip by 2% from this year, predicted Shi Jianhua, deputy secretary general of China Association of Automobile Manufacturers (CAAM) at the Mysteel Bulk Commodities Week 2019 Special Steel Seminar on December 13.
-
China’s national benchmark price for the HRB400 20mm dia rebar decreased by Yuan 7/t on day to Yuan 4,005/t including the 13% VAT as of December 12, or close to the threshold of Yuan 4,000/t again after 18 days of hovering above the level, and the spot trading of construction steel slipped too on Thursday.
-
China’s national average benchmark price for HRB 400 20mm dia rebar, the most important indicator of China’s steel market sentiment, reserved down by Yuan 5/tonne ($0.7/t) on day to Yuan 4,012/t including the 13% VAT as of December 11 after one-day pause of decline, while spot sales of construction steel showed moderate recovery on the same day, according to Mysteel’s database.
-
China’s steel export volume has remained slack despite recent price rises together with the overall strengthening in China’s domestic prices, as higher prices have only highlighted the lack of pricing competitiveness in the global market, according to Chinese market sources on Tuesday.
-
Baoshan Iron & Steel (Baoshan Steel), the listed-arm of China Baowu Steel Group, decided to raise its list prices for carbon steel hot-rolled coil (HRC) by Yuan 200/tonne ($28.4/t) for China’s domestic sales in January, according to the company’s sharing on its WeChat account on December 11, despite that January is usually a cold month when China’s steel demand tends to weaken.
-
Rebar profit among China’s 91 integrated steelmakers under Mysteel’s monthly study averaged Yuan 516/tonne ($73/t) over October 26-November 25, or up Yuan 211/t on month, mainly because of rebar price rises on better demand and market sentiment while steady iron ore prices.
-
China’s auto production for November posted the first year-on-year increase since June 2018, up 3.8% on year or 13% higher on month to about 2.6 million units, and the auto sales went down 3.6% on year though still down 7.6% on month, according to the latest statistics from the China Association of Automobile Manufacturers (CAAM) on December 10.
-
China’s domestic and export sales of excavators and other heavy machinery over January-November increased by 15% on year to reach 215,538 units, according to the latest data released by the China Construction Machinery Association (CCMA) on December 10. The increase over the eleven months was also larger than the 14.5% on-year rise for January-October.
-
China’s national average benchmark price for the HRB 400 20mm dia rebar price ended the decline since November 26 when the price reversed up Yuan 1/tonne on December 10 to Yuan 4,017/t ($56.6/t) including 13% VAT, according to Mysteel’s daily price tracker, and the daily trading volume of construction steel continued to fluctuate.
-
Total rebar output among China’s 137 sampled steel producers including integrated and mini mills under Mysteel’s weekly survey recovered by 2% on week to its three-month high of 3.6 million tonnes during November 28-December 4, according to Mysteel’s latest weekly report.
-
China’s national average HRB400 20mm dia rebar benchmark price, the most important indicator of China’s steel market dynamic, stayed on the downtrend as of December 9, having lost another Yuan 9/tonne ($1.3/t) from last Friday to Yuan 4,016/t including the 13% VAT, or a low since November 15.
-
Chinese domestic prices of hot-rolled coil continued trending up during the week of December 2-6, mainly thanks to the comparatively firm fundamentals prevailing currently, namely stable demand and continuing low levels of stocks, Mysteel Global has learned.
-
China’s steel exports totalled 59.7 million tonnes over the January-November, down 6.5% on year, according to the latest statistics released by China’s General Administration of Customs on December 8, with the decline being steeper than 5.8% year-on-year drop over January-October, as better domestic steel sales than exports in November, Mysteel Global has learned.
-
China’s average price for HRB400 20mm dia rebar, a bellwether of the domestic steel market sentiment, had been on a downtrend since the start of December, and it lost another Yuan 35/tonne ($5/t) on day to Yuan 4,025/t including the 13% VAT as of December 6, though spot sales of construction steel showed a bit of recovery last Friday.
-
Stocks of the five major finished steel items held by the Chinese traders Mysteel regularly surveys in 35 major cities nationwide refreshed their record low during the week of November 29-December 5, declining for a ninth straight week by another 0.2% on week to 7.56 million tonnes, according to Mysteel’s latest weekly survey. However, the decline was much smaller than the 2.9% on-week decrease seen in the previous survey period.
-
The most traded rebar contract on the Shanghai Futures Exchange for May delivery remained rangebound during the week of December 2-6, increasing by a tiny Yuan 13/tonne ($1.8/t) from the settlement price on November 29 to end the daytime session on December 6 at Yuan 3,437/t. But market sources warn they foresee the price trending downward soon, Mysteel Global noted.
-
China’s shipbuilding industry hasn’t fared well at all so far in 2019, with the few key indicators declining on year amid the several crosscurrents that have been impacting its performance. Dry bulk freight carriers, the model that China has been with the great expertise in building, have been with more than sufficient capacities, while for high-end vessels such as oil and gas tankers that are in hot demand now in the global freight market, Chinese shipbuilders are not as competitive as its South Korean counterparties.
-
The link to the Feature P1: https://www.mysteel.net/article/5012052/FEATURE--Chinas-shipbuilders-in-rough-water-Part-1.html
Is the global shipping market at the dawn of reviving?
The global shipping market bid goodbye to its glory days in 2008 and since then has been largely mired in recession, when the financial crisis hit the world economy and global seaborne markets both for
-
China’s national average HRB400 20mm dia rebar benchmark price decreased for the eighth successive working day, down another Yuan 31/tonne ($4.4/t) on day to Yuan 4,060/t including the VAT as of December 5, or a recent low since November 19, and spot construction steel trading continued to ease on Thursday amid the softening in demand, according to Mysteel’s daily price tracker.
-
China’s national average benchmark price for HRB 400 20mm dia rebar fell another Yuan 17/tonne ($2.4/t) on day to Yuan 4,091/t including 13% VAT as of December 4, or having softened for the seventh working day, and spot construction sales eased 6% on day also on Wednesday, according to Mysteel’s data.
