Special Steel Market Commentary

Market Analysis

Date:

MYSTEEL: China traders' stainless stocks jump 15.5% Jan 28, 2022

The quiet domestic market meant that inventories of finished stainless steel at commercial warehouses in Wuxi and Foshan, China's two core stainless trading hubs, accumulated faster over January 21-27 to total 539,501 tonnes, up 15.5% on week, as against the on-week rise of 2.8% over the prior week, according to Mysteel's latest weekly survey.
CSSC: China's 2021 crude stainless output rises 1.6% Jan 26, 2022

China's total crude stainless output increased for the sixth consecutive year in 2021, climbing by another 493,000 tonnes or 1.6% on year to a new high of 30.63 million tonnes, according to the latest release by the Stainless Steel Council of China Special Steel Enterprises Association (CSSC) published on January 25.
China 304 stainless prices hit 2-m high with strong futures Jan 26, 2022

Over January 18-25, Chinese spot prices of 304-grade stainless steel under Mysteel's tracking increased to their two-month highs, largely bolstered by the strong nickel performance on the Shanghai Futures Exchange (SHFE), according to market sources.
WEEKLY: China steel export prices up amid global rebound Jan 25, 2022

After staying weak for nearly two months, global steel prices showed signs of recovering last week, reflecting rising production costs and steel demand. China's steel export prices moved upward too in sync with the global trend, according to Mysteel's latest weekly report.
DAILY: China steel prices still up albeit looming holiday Jan 24, 2022

The Chinese steel market has been in very holiday mood with more end-users halting operation and steel traders off business for the upcoming Chinese New Year (CNY) holiday from January 31 to February 6, and those who remain in the market have been firmly supporting the domestic steel prices.
MYSTEEL: China traders' stainless stocks reverse up 2.8% Jan 21, 2022

Inventories of finished stainless steel at commercial warehouses in Wuxi and Foshan, China's two core stainless trading hubs, reversed up by 2.8% on week over January 14-20 after sliding for seven weeks, Mysteel's latest weekly survey shows. Products delivered to traders' warehouses increased this week while demand from end-users shrank with the Chinese New Year (CNY) holiday over January 31-February 6 looming,
China's 304 stainless prices climb with strong futures Jan 19, 2022

Chinese prices of 304-grade stainless steel under Mysteel's tracking strengthened further over January 11-18, mainly supported by the surge in stainless prices on the Shanghai Futures Exchange (SHFE), according to market sources.
WEEKLY: China steel exports slow before CNY holiday Jan 18, 2022

Chinese steel export sales have been dull recently, due to the approaching Chinese New Year (CNY) holiday over January 31-February 6, according to Mysteel's tracking. Steel export prices have been largely stable too.
MYSTEEL: China traders' stainless stocks at 1-year low Jan 14, 2022

Inventories of finished stainless steel at commercial warehouses in Wuxi and Foshan, China's two core stainless trading hubs, declined for the seventh week over January 7-13 to hit a one-year low of 454,676 tonnes, as demand from end-users improved somewhat with the strength of stainless prices, according to Mysteel's latest weekly survey.
GACC: China's 2021 steel exports rise only 25% YoY Jan 14, 2022

China exported 66.9 million tonnes of finished steel in 2021, up 25% on year, according to the latest release of General Administration of Customs (GACC) on January 14. However, though the increase was impressive, the total volume was nonetheless the lowest since 2014 except for 2020 thanks to Beijing's removal of steel export rebates last year, market sources noted.
WEEKLY: China's steel export prices stable, trade slack Jan 13, 2022

Chinese steel prices for export have been stable recently, but trade has largely been slack due to weak buying demand from the ASEAN region, the primary destination for most Chinese steel exports, market sources noted.
China 304 stainless prices vary from products, sales dull Jan 12, 2022

Over January 4-11, Chinese prices of 304-grade stainless steel were varied by products, and the trading became dull on weakened buying over the period, according to market sources.
DAILY: China rebar price rises further on stable sales Jan 10, 2022

On January 7, China's national average HRB400E 20mm rebar price under Mysteel's assessment nudged up for the fourth consecutive working day to Yuan 4,744/tonne ($743.6/t) including the 13% VAT. The price increased another Yuan 3/t on day thanks to stable sales, according to market sources.
MYSTEEL: China traders' stainless stocks dip 0.3% Jan 07, 2022

Inventories of finished stainless steel at commercial warehouses in Wuxi and Foshan, China's two core stainless trading hubs, declined for the sixth straight week over December 31-January 6, but the pace of the decrease slowed to 0.3% on week, compared with the on-week drop of 8.9% during the prior week, according to Mysteel's latest weekly survey.
Better fundamentals lift China's 304 stainless prices Jan 05, 2022

Chinese domestic prices of 304-grade stainless steel under Mysteel's survey increased over December 28-January 4, mainly from the support of firm fundamentals, market sources observed, noting the reduced availability of coils, improved demand and the stainless producers' higher production costs.
MYSTEEL: China traders' stainless stocks drop 8.9% Dec 31, 2021

Inventories of finished stainless steel at commercial warehouses in Wuxi and Foshan, China's two core stainless trading hubs surveyed regularly by Mysteel, continued to empty for the fifth consecutive week over December 24-30 by another 8.9% on week, thanks to the few arrivals to traders' warehouses and the replenishment of end-users.
China's 304 stainless prices up on futures, lower stocks Dec 29, 2021

Over December 21-28, the spot prices of China's 304-grade stainless steel under Mysteel's survey increased further, market sources cited the rise in stainless futures prices and shrinking stocks held by traders.
WEEKLY: China's steel export trading quiet, imports up Dec 29, 2021

China's steel export trading has been quiet last week and so far this week, as overseas market is largely off during holidays, while imports of steel semis have been picking up recently on the firmer domestic market sentiment, according to market sources.
MYSTEEL: China traders' stainless stocks dip to 11-m low Dec 24, 2021

Over December 17-23, inventories of finished stainless steel of all grades at commercial warehouses in Wuxi and Foshan, China's two core stainless trading hubs under Mysteel's survey, hit an 11-month low of 507,599 tonnes, or down for the fourth week by a larger degree of 11%, mainly due to lower new arrivals at the surveyed warehouses and improved buying from end-users.
Better sentiment lifts China 304 stainless HRC prices Dec 22, 2021

The steady decline in Chinese prices of 304-grade stainless steel begun in early November ended during December 14-21, with prices propelled upwards mainly by better market sentiment due to stainless mills' production curtailment plans, market sources commented.

Pre 1 2 3 4 5 Next

Product	Grade	Size	Price Index
Rebar	B500B	18-25mm	155
HRC	SS400	4.751500C	150
CRC	SPCC	1.01250C	155
Plate	SS400	14-20mm	151
HDG	DX51D+Z	1.01250C	150

Market Analysis

MYSTEEL: China traders' stainless stocks jump 15.5% Jan 28, 2022

CSSC: China's 2021 crude stainless output rises 1.6% Jan 26, 2022

China 304 stainless prices hit 2-m high with strong futures Jan 26, 2022

WEEKLY: China steel export prices up amid global rebound Jan 25, 2022

DAILY: China steel prices still up albeit looming holiday Jan 24, 2022

MYSTEEL: China traders' stainless stocks reverse up 2.8% Jan 21, 2022

China's 304 stainless prices climb with strong futures Jan 19, 2022

WEEKLY: China steel exports slow before CNY holiday Jan 18, 2022

MYSTEEL: China traders' stainless stocks at 1-year low Jan 14, 2022

GACC: China's 2021 steel exports rise only 25% YoY Jan 14, 2022

WEEKLY: China's steel export prices stable, trade slack Jan 13, 2022

China 304 stainless prices vary from products, sales dull Jan 12, 2022

DAILY: China rebar price rises further on stable sales Jan 10, 2022

MYSTEEL: China traders' stainless stocks dip 0.3% Jan 07, 2022

Better fundamentals lift China's 304 stainless prices Jan 05, 2022

MYSTEEL: China traders' stainless stocks drop 8.9% Dec 31, 2021

China's 304 stainless prices up on futures, lower stocks Dec 29, 2021

WEEKLY: China's steel export trading quiet, imports up Dec 29, 2021

MYSTEEL: China traders' stainless stocks dip to 11-m low Dec 24, 2021

Better sentiment lifts China 304 stainless HRC prices Dec 22, 2021

Daily Prices

Prices Summarization

China's Daily Steel Export Price Index - Jan 29