Demand slackens in Chinese domestic semi-finished steel market

Tuesday, 11 July 2017 15:44:42 (GMT+3)   |   Shanghai
       

During the week ending July 11, Chinese domestic semi-finished steel prices have either indicated minor fluctuations or moved sideways, while transaction activity in the market has been at low-to-medium levels. Average prices of steel billet and slab in the local Chinese market are presented in the following table.

During the given week, following the rises seen in domestic semi-finished steel prices, buyers have been less willing to conclude purchases, resulting in price declines in some regions of the country. In addition, the hot weather conditions in China have exerted a negative impact on demand from downstream users. It is thought that semi-finished prices in the Chinese domestic market will likely move down slightly in the coming week.

Product Name

Spec.

Category

City

Price (RMB/mt)

Price ($/mt)

Weekly Change (RMB/mt)

Billet

150 mm x 150 mm

Q195-Q235

Tangshan

3,360

494

↑20

Jinzhong

3,250

478

0

Fuzhou

3,480

512

↑10

Jiangyin

3,430

504

↓20

Average price

3,380

497

↑3

Billet

150 mm x 150 mm

20 MnSi

Tangshan

3,460

509

↑20

Jinzhong

3,370

496

0

Fuzhou

3,580

526

↑10

Jiangyin

3,580

526

↓20

Average price

3,498

514

↑3

Slab

250*1800*6000

Q235

Tangshan, Hebei

3,150

463

↑30

 

All prices are ex-warehouse and on actual weight basis and include 17 percent VAT.
 
$1 = RMB 6.80


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