..<< = Steam Coal = >>..

Wednesday

Chinese steel price surge extends

Chinese steel price surge extends to week 5

Contrary to the expectation of many people, the price surge in Chinese steel market has extended to the fifth week.

The composite index of steel price released on August 24 is 155.1, up by 0.5% compared to last week.

From the perspective of the general economic trend of China, market demand for steel products will maintain stable development. However, the oversupply problem still exists, therefore it is believed that the surge can’t be very huge. And shocks are unavoidable either.


According to relevant monitoring report, after the construction steel price reached CNY 4100 per tonne to CNY 4200 per tonne and the steel futures price reached CNY 4200 per tonne, there have been no further rise ever since. Clearly the surge has not enough momentum.

Besides, although prices of most steel species are increased due to the effect of price rise by the three steel majors Baosteel, Angang steel and Wugang steel, prices have fallen back to the original level in the end of last week for the above mentioned steel species.

The price rebound for steel products have lasted for more than one month and the reaction by downstream industry has been far from good. On one hand, it proves that the downstream demand is not rigid; on the other hand, it means the downstream demand needs longer time to be released.

As to the trend of steel price in the second half of the year, market opinions are largely the same: steel demand will increase stably, but the recent surge will not be huge.

The judgment is quite reasonable, as it takes the general economic trend of China into consideration. Demand increased of steel products is mainly because of some large scale investment plan initiated by the Chinese government.

www.steelprices-china.com is a comprehensive service for tracking real time domestic steel prices and trends in China on daily basis.

The scope of service includes
1. Domestic pricing information in China
2. Export levels from Turkey, Rotterdam, China, India and Black Sea

The service is specifically designed to assist steel makers, traders, users and others connected with the industry to keep track of real time prices prevailing in the market and thus comprehensively evaluate steel pricing trends in the trend setting region

Methodology and access
1. Benchmark products in each category with fixed commonly used sizes and grades
2. Average transaction levels which have settled well, based on continuous interactions with domestic mills and traders
4. On fixed market oriented payment terms
5. Daily updates
6. Data available since July 2008
5. Access through web site

Products covered
1. Input materials and semis
2. Long Products
3. Flat Products
5. FOB levels for export FOB Black Sea, China, Turkey and India

Other features

The prices are displayed on weekly and monthly basis. They also have search facilities to access old data from the archives. Graphical representation of trends and comparison of price movement 2 or more products is also available.

In addition, you can monitor currency exchange rates, metal prices, BDI for the day as well as access their archives for past data.

Other features include converters for weight, length etc, glossary and advanced search functions. The benchmark product price information is supplemented by global pricing news.

Subscription charges for 12 months period
Currency Single 2-5 6-12 13-25 26-40 40-60

In CNY 5,500 11,000 17,600 33,000 55,000 220,000

In USD 825 1,650 2,750 5,500 8,250 11,000

How to subscribe
1. Register at www.steelprices-china.com and pay on line or ask for invoice
2. Send mail to admin@steelprices-china.com.

0 comments:

Topic Relation
Share |
PageRank Checker
Sell Steam Coal
Order Form / Need Steam Coal
Please Send LOI for buying
Lampirkan LOI Letter of Intent
Please Send Mine sumary for selling
with attactment

FCO full corporate offer
Company Profile
Sertifikat Lab

Steam Coal Price
Funder Batu Bara
Sell Steam Coal

Steam Coal | Industri Dan Niaga