During the week ending January 15, Chinese domestic semi-finished steel prices have mostly indicated a slight increase, while transaction activity in the market has been at medium levels. Average prices of steel billet and slab in the local Chinese market are presented in the following table.
During the given week, some players in the domestic semi-finished steel market have started to build up inventories for the winter season, resulting in better demand against the background of tightness on the supply side. At the same time, inventories of semi-finished steel are at relatively low levels, bolstering semi-finished steel prices. It is expected that semi-finished steel prices in the Chinese domestic market will likely edge up in the coming week due to the anticipated further replenishment of inventories.
|
Product Name |
Spec. |
Category |
City |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
150 mm x 150 mm |
Q195-Q235 |
Tangshan |
3,380 |
500 |
0 |
|
|
Jinzhong |
3,410 |
504 |
↑40 |
|||
|
Fuzhou |
3,620 |
536 |
↑50 |
|||
|
Jiangyin |
3,540 |
524 |
↑10 |
|||
|
Average price |
3,488 |
516 |
↑25 |
|||
|
150 mm x 150 mm |
20 MnSi |
Tangshan |
3,480 |
515 |
0 |
|
|
Jinzhong |
3,510 |
519 |
↑40 |
|||
|
Fuzhou |
3,720 |
550 |
↑50 |
|||
|
Jiangyin |
3,660 |
541 |
↑10 |
|||
|
Average price |
3,593 |
531 |
↑25 |
|||
|
250*1800*6000 |
Q235 |
Tangshan, Hebei |
3,350 |
496 |
0 |
All prices are ex-warehouse and on actual weight basis and include 16 percent VAT.
$1 = RMB 6.76