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Steel prices have been hovering at low levels over the past two weeks, but iron ore prices have fallen sharply recently and crude steel output has been high.
(May 24, 13)
USD/RMB=6.116
Steel trader Stemcor is meeting banks next week to outline proposals to repay lenders after asking for a standstill agreement on $1.2 billion of loans.
| Regions | Specification | Average Prices (RMB/mt) | Change (RMB/mt) | Date |
|---|---|---|---|---|
| Zun Hua | 66% Dry, VAT Included | 830 | -20 | 2010-09-30 |
| Bei Jing | 66% Dry, VAT Included | 830 | -20 | 2010-09-30 |
| Wu An | 64% Wet, VAT Excluded | 835 | -15 | 2010-09-30 |
| Qian An | 66% Dry, VAT Included | 0 | 1970-01-01 | |
| Fan Shi | 64% Wet, VAT Excluded | 0 | 1970-01-01 | |
| Dai Xian | 64% Wet, VAT Included | 0 | 1970-01-01 | |
| Lou Fan | 65% Wet, VAT Excluded | 0 | 1970-01-01 | |
| Han Xing | 66% Dry, VAT Excluded | 0 | 1970-01-01 | |
| Bei piao | 66% Wet, VAT Excluded | 0 | 1970-01-01 | |
| An Shan | 65% Wet, VAT Excluded | 0 | 1970-01-01 | |
| Lin YI | 65% Wet, VAT Excluded | 0 | 1970-01-01 | |
| Zi Bo | 65% Dry, VAT Included | 0 | 1970-01-01 |
Notes| Countries | Specification | Prices (10,000 mt) | Average (10,000 mt) | Change (10,000 mt) | Date |
|---|---|---|---|---|---|
| Australia | 61.5%, FOB | 0 | 0 | 1970-01-01 | |
| Brazil | 65%, FOB | 0 | 0 | 1970-01-01 | |
| India | 63.5%, FOB | 134 - 136 | 135 | 5 | 2010-09-03 |
| Australia | 61.5%, CIF | 146 | 146 | 2 | 2010-09-03 |
| Brazil | 65%, CIF | 154 | 154 | 1 | 2010-09-03 |
| India | 63.5%, CIF | 151 - 153 | 152 | 6 | 2010-09-03 |
Notes| Regions | Output(10,000 mt) | Change(10,000 mt) | Date |
|---|---|---|---|
| Beijing | 171.6 | 0.00 | 2010-09-01 |
| Tianjing | 0 | 0.00 | 2010-09-01 |
| Hebei | 3,819.3 | 0.00 | 2010-09-01 |
| Shanxi | 585.5 | 0.00 | 2010-09-01 |
| Inner Mongolia | 688.6 | 0.00 | 2010-09-01 |
| Liaoning | 1,218.4 | 0.00 | 2010-09-01 |
| Jilin | 112.7 | 0.00 | 2010-09-01 |
| Heilongjiang | 35.1 | 0.00 | 2010-09-01 |
| Shanghai | 0 | 0.00 | 2010-09-01 |
| Jiangsu | 19.4 | 0.00 | 2010-09-01 |
| Zhejiang | 12.8 | 0.00 | 2010-09-01 |
| Anhui | 275.8 | 0.00 | 2010-09-01 |
| Fujian | 235.4 | 0.00 | 2010-09-01 |
| Jiangxi | 94.1 | 0.00 | 2010-09-01 |
| Shandong | 205 | 0.00 | 2010-09-01 |
| Henan | 107.2 | 0.00 | 2010-09-01 |
| Hubei | 112.7 | 0.00 | 2010-09-01 |
| Hunan | 39.9 | 0.00 | 2010-09-01 |
| Guangdong | 161.1 | 0.00 | 2010-09-01 |
| Guangxi | 19.5 | 0.00 | 2010-09-01 |
| Hainan | 50.5 | 0.00 | 2010-09-01 |
| Chongqing | 3.3 | 0.00 | 2010-09-01 |
| Sichuan | 797.6 | 0.00 | 2010-09-01 |
| Guizhou | 4 | 0.00 | 2010-09-01 |
| Yunnan | 162.3 | 0.00 | 2010-09-01 |
| Tibet | 0 | 0.00 | 2010-09-01 |
| Shaanxi | 31.8 | 0.00 | 2010-09-01 |
| Gansu | 87.8 | 0.00 | 2010-09-01 |
| Qinghai | 18.3 | 0.00 | 2010-09-01 |
| Ningxia | 0 | 0.00 | 2010-09-01 |
| Xinjiang | 281.6 | 0.00 | 2010-09-01 |
Notes| Products | Quantity | Date |
|---|---|---|
| Unsintered Iron Ores | 5,646.25 | 2011-08-01 |
| Sintered Iron Ores | 261.42 | 2011-08-01 |
| Pyrite | 1.62 | 2011-08-01 |
Notes| Products | Quantity | Date |
|---|---|---|
| Unsintered Iron Ores | 0.07 | 2011-08-01 |
| Sintered Iron Ores | 0 | 2011-08-01 |
| Pyrite | 0 | 2011-08-01 |
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China's steel market price rise will be limited by market fundamentals.
Steel prices have been hovering at low levels over the past two weeks, but iron ore prices have fallen sharply recently and crude steel output has been high.
Updated China Iron Ore Monthly covers 100 miners across 15 Provinces with 50 Million Capacity.
Steelease decides to grasp information on iron ore capacity and expansion plan in five years at domestic large and medium sized steel mills.
100 units of foreign currencies in CNY (2013-05-24)
| USD | 611.6 | HKD | 78.78 |
| 100JPY | 597.01 | EUR | 788.37 |
| GBP | 920.66 |
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