During the week ending September 15, local steel scrap prices in the Chinese market have indicated slight declining trend, though prices have remained stable in Guizhou Province, Jiangxi Province and Hebei Province, while transaction activity in the overall market has been at decent levels. Average scrap prices in China’s main markets are presented in the following table.
In the given week, due to the weak sentiment in China’s domestic finished steel market, scrap prices indicated slight decreases in some regions in China while overall transaction activity in domestic scrap market has been at decent levels with demand from steel mills at normal level after the production limitation during the military parade held in Beijing. Currently, in view of the not bounteous scrap resources in the market, scrap prices are not likely to decrease significantly which will exert positive impact on the scrap market. It is expected that scrap prices in China will indicate fluctuations in the coming week.
Product Name |
Spec. |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
HMS scrap |
> 6 mm |
Tianjin |
1,380 |
217 |
↓20 |
Liupanshui |
1,350 |
212 |
0 |
||
Zhangjiagang |
1,360 |
214 |
↓40 |
||
Handan |
1,380 |
217 |
0 |
||
Nanchang |
1,350 |
212 |
0 |
||
Anyang |
1,350 |
212 |
↓20 |
||
Jinan |
1,380 |
217 |
↓20 |
||
Average |
1,364 |
214 |
↓15 |
All prices include 17 percent VAT and all prices are ex-warehouse.
$1 = RMB 6.37