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The blast furnace capacity utilization rate at the 247 Chinese steel plants under Mysteel’s weekly survey grew to 82.04% over October 12-18, refreshing the highest record since Mysteel enlarged the sample size from the original 163 last March.
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China’s total iron ore stocks at the 45 ports across the country reversed up after a two-week decline, up 1.74 million tonnes or 1.2% on week to 145.28 million tonnes as of October 18, mainly as Brazilian iron ore arrivals surged 8.1% over the period, according to Mysteel’s latest weekly report released on October 19.
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Daily consumption of imported iron ore sintering fines among the 64 Chinese steel mills regularly surveyed by Mysteel dropped again over the October 9-17 period, while their levels of iron ore stocks reversed up slightly, the latest survey published on October 18 showed.
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Iron ore shipments dispatched worldwide from Australia and Brazil reversed up by 2.4 million tonnes or 11.3% on week to 23.9 million tonnes over October 8-14, among which Australian miners were the core contributors to the surge, according to Mysteel’s latest survey published on October 17.
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Mysteel’s national steel scrap price index continued to strengthen, up Yuan 11.2/tonne ($1.6/t) or 0.44% on week to Yuan 2,544.7/t ($368/t) on delivery and including the 16% VAT as of October 12 mainly because of the moderate improvement in demand from the domestic steel mills, according to market sources on Tuesday.
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Chinese domestic offer prices of iron ore saw a further increase of Yuan 3-10/tonne ($0.4-1.4/t) over October 8-12, mainly in Northeast China’s Liaoning province and in Central China’s Anhui province, Mysteel’s latest survey showed.
As of October 12, the offer prices for 66% and 65% grade iron ore concentrates in
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The coking coal stocks
atChina’s 230 independent coking plants touched a nearly eight-month high
of 14.6 million tonnes as of October 11, as the coking producers have been on
the spree of high production amid robust market demand, according to Mysteel’s
latest survey released on October 12.
Their coal stocks increased another
474,500 tonnes or 3.4%
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China’s coke production among the 230 domestic independent coke producers under the survey rose further by 0.6% on week over October 8-11 to nearly a six-month high of 682,600 tonnes/day on the active buying by traders, according to Mysteel’s weekly survey released on October 12.
As of October 11, coke stocks
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China’s imported iron ore fines prices both for seaborne and port inventories are expected to remain high in the near term, mainly because of the limited availability especially for the mainstream 62% grade fines and Chinese steel mills’ high blast furnace capacity engagement, market sources agreed on October 15.
Mysteel’s price
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Daily production of iron ore concentrates at the 266 mines across China checked by Mysteel and under the management of 126 miners dropped by 10,000 tonnes/day or 2.4% over the September 28-October 11fortnight to 411,000 t/d on average, according to Mysteel’s latest survey released on October 12.
In parallel, the processing
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Prices ofimported coals was stable over Oct 8-12, with coking coal price slightly increasing, and those of PCI and thermal coal violated from previous week. Purchase inquiries and transactions were few and far between.
Coking coal imports
Prices of imported coking coalwas stable on week.
Quotations of imported coking coal to China
PCIcoalimports:
Quotations of
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The blast
furnace capacity utilization rate at the 247 Chinese steel plants under
Mysteel’s weekly survey continued to grow to 81.93% over October 5-11, or the
highest since Mysteel enlarged the sample size from the original 163 in March
2018.
The rate
has been on the rise since mid-August and inched up another 0.32 percentage
point over
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China’s total iron ore stocks at the 45 ports across the country hit the year’s low at 143.5 million tonnes as of October 11, or down another 1.63 million tonnes or 1.1% over the past two weeks, mainly because of the drop in Australian iron ore inventories, according to Mysteel’s
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Daily consumption of imported iron ore fines by the 64 steel mills regularly surveyed by Mysteel dropped over the September 20-October 8 period, together with their levels of iron ore stocks, Mysteel’s latest survey showed on October 9. Inventories decreased sharply as most steelmakers across China ate into stocks to
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The capacity utilization rate of blast furnaces at the 247 Chinese steel plants Mysteel audits nationwide increased again over September 28-October 4, rising by 0.19% on week to an eleven-week high of 81.61%, according to the latest survey released on October 9.
On the other hand, the operational rate of
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The 62% grade Australian iron ore fines price at the Chinese ports hit a six-month high in the last working day of September at Yuan 520/wmt FOT Qingdao and including the 16% VAT, or up another Yuan 7/wmt($1/tonne) on week, as many Chinese steel mills preferred port inventories to seaborne
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China’s steel scrap price sustained the uptrend, posting the most increases in NorthChina’s Shanxi province at Yuan 70/tonne ($10.2/t) week on week, as Beijing’s final winter restriction notice has framed the duration of October 1-March 31 2019 focusing on the air quality control, without mentioning any curbs on electric-arc-furnace (EAF)
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The average coking capacity utilization rate at the 230 independent coking plants Mysteel monitors was at a four-month high of 75.48% as of October 7, according to Mysteel’s latest survey on October 8. Survey respondents said that some coke makers quietly lifted production after becoming aware that checks by central
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Prices ofimported coals was stable over Sept 24-28, with coking coal price declined, and those of PCI and thermal coal violated from previous week. Purchase inquiries and transactions were few and far between.
Coking coal imports
Prices of imported coking coalwas stable on week.
Quotations of imported coking coal to China
PCIcoalimports:
Quotations of importedPCIcoal
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China’s domestic iron ore offer prices in most of the country posted a slight week-on-week increase of Yuan 5-10/tonne ($0.7-1.5/t)over September 25-28, which was mainly driven by the moderate improvement in demand from domestic steel mills especially those in Northeast China and Hebei in North China.
As of September 28, the
