CSPI China Steel Price Index weekly report

2023-11-07 09:04:00

Our reporter Zhu Xiaobo

In the week of October 30 - November 3, the domestic steel price index continued to rise, and the long material price index and the plate price index both rose.

During the week, the China Steel Price index (CSPI) was 108.37 points, an increase of 0.87 points, or 0.81%. Compared with the end of September, up 0.87 points, or 0.81%; Compared with the end of last year, the decline was 4.88 points, 4.31%; The year-on-year increase was 1.45 points, or 1.36%. Among them, the long material price index was 111.16 points, an increase of 1.30 points, an increase of 1.18%; Compared with the end of September, up 1.30 points, or 0.18%; It was 7.51 points lower than the end of last year, a decrease of 6.33%; It was down 0.91 points, or 0.81 percent, year-on-year. The sheet metal price index was 107.23 points, up 0.66 points week on week, or 0.62%; Compared with the end of September, up 0.66 points, or 0.62%; Compared with the end of last year decreased by 5.68 points, a decrease of 5.03%; The year-on-year increase was 0.49 points, or 0.46%.

From a regional point of view, the CSPI steel price index in the six regions of the country has increased week on week, with the largest increase in East China and the smallest increase in Northeast China. Among them, the steel price index in North China was 107.64 points, an increase of 0.94 points, or 0.88%; Compared to the end of September, it increased 0.94 points, or 0.88 percent. The steel price index in Northeast China was 106.01 points, with a weekly increase of 0.68 points, or 0.65%; Compared to the end of September, an increase of 0.68 points, or 0.65%. East China steel price index was 109.57 points, an increase of 1.00 points week on week, an increase of 0.92%; Compared to the end of September, an increase of 1.00 points, or 0.92%. The steel price index in Central and South China was 110.39 points, an increase of 0.84 points from the previous week, or 0.76%; Compared to the end of September, an increase of 0.84 points, or 0.76%. The steel price index in Southwest China was 108.12 points, an increase of 0.85 points, or 0.79%, week on week. Compared with the end of September, an increase of 0.85 points, or 0.79 percent. The Northwest steel price index was 109.91 points, an increase of 0.81 points, or 0.74%; Compared to the end of September, an increase of 0.81 points, or 0.74%.

In terms of varieties, in the eight steel varieties, in addition to hot-rolled seamless pipe, the price of other varieties has increased compared with the end of September, the largest increase in the variety is rebar, the smallest increase in the variety is cold-rolled sheet. Among them, the 6mm diameter high line price index was 115.51 points, up 1.43% from the end of September; The price index of 16 mm diameter rebar was 107.21 points, up 1.49% from the end of September; The 5# Angle steel price index was 111.63 points, up 0.42% from the end of September; The 20 mm thick plate price index was 107.87 points, up 0.50% from the end of September; The price index of 3mm hot-rolled coil was 102.94 points, up 0.94% from the end of September; The price index of 1mm cold-rolled sheet was 100.56 points, up 0.16% from the end of September; The price index of 1 mm galvanized sheet was 103.68 points, up 0.25% from the end of September; The price index of hot rolled seamless pipe with diameter of 219 mm ×10 mm was 95.32 points, down 0.03% from the end of September.

From the cost point of view, the General Administration of Customs data show that in September, the average price of imported iron ore was 106.75 US dollars/ton, up 14.68 US dollars/ton from the end of last year, up 15.94%; Compared with the average price in August, the price decreased by 1.15 US dollars/ton, down 1.06%; It is 2.62 USD/ton higher than the same period last year, an increase of 2.52%. That week, the price of iron powder in the domestic market was 1011 yuan/ton, up 7 yuan/ton from the end of September, an increase of 0.70%; 89 yuan/ton higher than the end of last year, an increase of 9.65%; A year-on-year increase of 198 yuan/ton, an increase of 24.35%. The price of coking coal (Grade 10) was 2,263 yuan/ton, unchanged from the end of September; Lower than the end of last year 375 yuan/ton, down 14.22%; A year-on-year decrease of 130 yuan/ton, or 5.43%. Coke price was 2154 yuan/ton, down 100 yuan/ton from the end of September, down 4.44%; Lower than the end of last year 601 yuan/ton, down 21.81%; A year-on-year decrease of 335 yuan/ton, down 13.46%. Scrap steel price was 2835 yuan/ton, up 9 yuan/ton from the end of September, an increase of 0.32%; Compared with the end of last year, a decrease of 307 yuan/ton, a decrease of 9.77%; A year-on-year increase of 13 yuan/ton, or 0.46%.

From the perspective of the international market, in September, the CRU international steel price index was 197.8 points, down 9.9 points from the previous month, down 4.8%, and fell for 5 consecutive months. Compared with the end of last year, a decrease of 7.4 points, or 3.6%; Year-on-year, it was down 34.1 points, or 14.7 per cent. Among them, the CRU long material price index was 207.3 points, down 7.8 points from the previous quarter, down 3.6%; It was down 52.4 points, or 20.2 per cent, from a year earlier. CRU sheet price index was 192.8 points, down 11.4 points, or 5.6%; It was down 25.2 points, or 11.6 per cent, year-on-year. By region, in September, the steel price index in North America was 213.2 points, down 21.9 points from the previous month, down 9.3%; The European steel price index was 218.9 points, down 3.9 points from the previous quarter, down 1.8%; The steel price index in Asia was 177.5 points, down 5.9 points, or 3.2%.

That week, affected by the state's additional issuance of 1 trillion yuan of special Treasury bonds and the recent macroeconomic recovery expectation, market confidence continued to recover, and the price of major steel varieties continued to rise. From the supply side, the Beijing-Tianjin-Hebei region has heavy pollution weather, Hebei and other places have opened heavy pollution weather warnings, the production of some iron and steel enterprises has been inhibited, and the supply side has contracted to stabilize the price of finished materials. However, the decisive factor of the recent price trend of the steel market is also the balance of supply and demand and the support of raw material prices to the cost, and it is expected that steel prices will continue to rise in the short term, but it is difficult to rise significantly, and the probability of shock will be strong.

China Metallurgical News (7th edition, 07/11/2023)

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