CSPI China Steel Price Index Weekly Report

2023-12-12 08:57:00

Reporter Zhu Xiaobo

In the week of December 4th to December 8th, the domestic steel price index increased slightly, the long product price index increased slightly, and the plate price index increased slightly.

That week, the China Steel Price Index (CSPI) was 112.44 points, up 0.81 points or 0.73% from the previous week; up 0.82 points or 0.73% from the end of last month; down 0.81 points or 0.72% from the end of last year; year-on-year It rose 2.45 points, or 2.23%. Among them, the long product price index was 116.31 points, up 0.75 points or 0.65% week-on-week; up 0.75 points or 0.65% from the end of last month; down 3.11 points or 2.62% from the end of last year; up 1.59 points year-on-year. The increase was 1.39%. The plate price index was 110.78 points, up 0.97 points or 0.88% week-on-week; up 0.97 points or 0.88% from the end of last month; down 2.13 points or 1.89% from the end of last year; up 0.52 points year-on-year or 0.47 %.

In terms of regions, the CSPI steel price index in the six major regions across the country all increased week-on-week, with the largest increase in the southwest region and the smallest increase in the northwest region. Among them, the steel price index in North China was 110.80 points, a week-on-week increase of 0.64 points, or 0.58%; an increase of 0.64 points, or 0.58%, from the end of last month. The steel price index in Northeast China was 110.26 points, a week-on-week increase of 0.89 points, or 0.81%; an increase of 0.89 points, or 0.81%, from the end of last month. The steel price index in East China was 114.07 points, a week-on-week increase of 0.99 points, or 0.87%; an increase of 0.99 points, or 0.88%, from the end of last month. The steel price index in Central and South China was 114.55 points, a week-on-week increase of 0.70 points, or 0.62%; an increase of 0.70 points, or 0.61%, from the end of last month. The steel price index in Southwest China was 112.74 points, up 1.04 points or 0.93% week-on-week; up 1.04 points or 0.93% from the end of last month. The steel price index in the northwest region was 113.14 points, up 0.21 points or 0.19% week-on-week; up 0.21 points or 0.19% from the end of last month.

In terms of varieties, among the eight major steel varieties, except for hot-rolled seamless pipes, the prices of other varieties have increased compared with the end of last month. Among them, the variety with the largest increase is hot-rolled coils, and the variety with the smallest increase is angle steel. Among them, the price index of high wire with a diameter of 6 mm was 120.55 points, an increase of 0.74% from the end of last month; the price index of rebar with a diameter of 16 mm was 112.58 points, an increase of 0.72% from the end of last month; the price index of 5# angle steel was 115.85 points, an increase of 0.74% from the end of last month. increased by 0.23%; the price index of 20 mm medium and thick plates was 113.33 points, an increase of 0.77% from the end of last month; the price index of 3 mm hot-rolled coils was 107.60 points, an increase of 1.27% from the end of last month; the price index of 1 mm cold-rolled sheets was 102.31 points, an increase of 0.46% from the end of last month; the price index of 1 mm galvanized sheet was 104.44 points, an increase of 0.61% from the end of last month; the price index of hot-rolled seamless pipes with a diameter of 219 mm × 10 mm was 95.98 points, a decrease of 0.16% from the end of last month. .

From the cost side, data from the General Administration of Customs show that in November, the average price of imported iron ore was US$117.16/ton, an increase of US$25.09/ton or 27.25% from the end of last year; it was US$4.23/ton higher than the average price in October. , up 3.75%; 22.82 US dollars/ton higher than the same period last year, up 24.19%. That week, the price of iron concentrate in the domestic market was 1,082 yuan/ton, up 15 yuan/ton or 1.41% from the end of last month; up 160 yuan/ton or 17.35% from the end of last year; up 188 yuan/ton year-on-year. The increase was 21.03%. The price of coking coal (grade 10) is 2,543 yuan/ton, an increase of 75 yuan/ton from the end of last month, or 3.04%; a decrease of 95 yuan/ton from the end of last year, or 3.60%; a year-on-year increase of 20 yuan/ton, or an increase of 3.60%. 0.79%. The price of coke was 2,354 yuan/ton, an increase of 25 yuan/ton from the end of last month; a decrease of 401 yuan/ton from the end of last year, a decrease of 14.56%; a year-on-year decrease of 285 yuan/ton, a decrease of 10.80%. The scrap steel price was 2,904 yuan/ton, an increase of 14 yuan/ton, or 0.48%, from the end of last month; a decrease of 238 yuan/ton, or 7.57%, from the end of last year; a year-on-year decrease of 142 yuan/ton, or 4.66%.

From the perspective of the international market, in November, the CRU International Steel Price Index was 204.2 points, an increase of 8.7 points or 4.5% month-on-month. It rebounded after falling for 6 consecutive months month-on-month; it was down 1.0 points or 0.5% from the end of last year; A year-on-year decrease of 2.6 points, a decrease of 1.3%. Among them, the CRU long product price index was 209.1 points, an increase of 0.3 points or 0.1% month-on-month; a year-on-year decrease of 32.5 points or 13.5%. The CRU plate price index was 201.8 points, a month-on-month increase of 12.8 points, or 6.8%; a year-on-year increase of 12.2 points, or 6.4%. In terms of regions, in November, the price index in North America was 241.7 points, an increase of 30.4 points or 14.4% from the previous month; the price index in Europe was 216.1 points, an increase of 1.6 points or 0.7% from the previous month; the price index in Asia was 175.6 points, A month-on-month decrease of 0.2 points or 0.1%.

That week, driven by good policy expectations and strong performance on the raw material side, steel prices once again showed an upward trend. In addition, affected by the macroeconomic benefits from the Political Bureau meeting of the Central Committee and the expectations of the Central Economic Work Conference, the market still has certain expectations for demand next year. As winter storage approaches, steel prices are expected to continue to fluctuate strongly in the short term.

"China Metallurgical News" (December 12, 2023, Page 07, Page 7)

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