Friday, 11 Nov 2011
China's Baoshan Iron & Steel will cut its main product prices for December bookings, a move reflecting the weakness in steel demand in the final month of 2011.
The company plans to slash hot-rolled coil prices by CNY 200 per tonne (USD 32) and cold rolled coil prices by CNY 300 per tonne (USD 48), after it kept its main steel product prices unchanged in November from October.
Baosteel pricing is often seen as a barometer of China's steel industry.
(Sourced from Reuters)
Showing posts with label CNY per tonne. Show all posts
Showing posts with label CNY per tonne. Show all posts
Friday, November 11, 2011
Friday, November 4, 2011
Macquarie predicts rebound in iron ore prices
Friday, 04 Nov 2011
Iron ore prices have plunged in the last two months from USD 180 per tonne to around USD 118 per tonne. Macquarie Commodities Research puts this down to aggressive destocking by Chinese steel mills and sees upside ahead.
Macquarie predicts easy USD 20 to USD 30 rebound in iron ore prices
Macquarie said that current price levels are not reflective of real demand weakness or substantial oversupply.
Instead, the firm has been watching iron ore inventory at 50 smaller steel mills which during previous price slow downs, from January to March and May to July, fell to 28 days of use. In contrast, inventory at mills’ yards and in port and transit has slumped to just 21 days towards the end of October.
According to Macquarie, the pace of destocking is unsustainable and a Chinese swing from destocking to just moderate restocking could add 80 million tonne per annum to global demand.
Macquarie said that “In turn, the firm expects the first USD 20 to USD 30 per tonne of a recovery should be easy. We therefore expect iron ore to be trading above USD 140 per tonne by the end of 2011.”
(sourced Theajmonline.com.au)
Iron ore prices have plunged in the last two months from USD 180 per tonne to around USD 118 per tonne. Macquarie Commodities Research puts this down to aggressive destocking by Chinese steel mills and sees upside ahead.
Macquarie predicts easy USD 20 to USD 30 rebound in iron ore prices
Macquarie said that current price levels are not reflective of real demand weakness or substantial oversupply.
Instead, the firm has been watching iron ore inventory at 50 smaller steel mills which during previous price slow downs, from January to March and May to July, fell to 28 days of use. In contrast, inventory at mills’ yards and in port and transit has slumped to just 21 days towards the end of October.
According to Macquarie, the pace of destocking is unsustainable and a Chinese swing from destocking to just moderate restocking could add 80 million tonne per annum to global demand.
Macquarie said that “In turn, the firm expects the first USD 20 to USD 30 per tonne of a recovery should be easy. We therefore expect iron ore to be trading above USD 140 per tonne by the end of 2011.”
(sourced Theajmonline.com.au)
Heilongjiang coke prices edge down
Friday, 04 Nov 2011
Coke market edges down in northeast China's Heilongjiang province.
The ex-works price of II grade metallurgical coke drops by CNY 30 per tonne to CNY 1,850 per tonne in Qitaihe, in Hegang and Shangyashan, the II grade metallurgical coke price is priced at CNY CNY 1,850 per tonne and CNY 1,840 per tonne down CNY 30 per tonne.
Industry sources report that Chinese steel mills increase efforts to press down purchase price for raw materials and cut back purchase. Coking enterprises have no other choice but to accept it. Currently, several steel mills continue to suspend purchasing the steel-making ingredient.
sourced SteelHome.cn
Coke market edges down in northeast China's Heilongjiang province.
The ex-works price of II grade metallurgical coke drops by CNY 30 per tonne to CNY 1,850 per tonne in Qitaihe, in Hegang and Shangyashan, the II grade metallurgical coke price is priced at CNY CNY 1,850 per tonne and CNY 1,840 per tonne down CNY 30 per tonne.
Industry sources report that Chinese steel mills increase efforts to press down purchase price for raw materials and cut back purchase. Coking enterprises have no other choice but to accept it. Currently, several steel mills continue to suspend purchasing the steel-making ingredient.
sourced SteelHome.cn
China Bohai Thermal coal prices hit all time high
Friday, 04 Nov 2011
It is reported that the latest Bohai-Rim Steam-Coal Price Index or BSPI indicates that the average price of thermal coal with calorific value of 5500 kilocalories per kilogram reached an all-time high of CNY 853 per tonne in the week ending October 26.
The price was up CNY 6 per tonne or 0.71%t from a week earlier and an increase of CNY 28 per tonne compared with September 7 when a rebound was seen after nine consecutive weeks’ fall.
At Qinhuangdao port, the price of 5500 kilocalories per kilogram and 5800 kilocalories per kilogram thermal coal was up CNY 5 per tonne to CNY 850 per tonne to CNY 860 per tonne and CNY 900 per tonne to CNY 910 per tonne respectively compared with the previous week while that of 4500 kilocalories per kilogram and 5000 kilocalories per kilogram thermal coal kept stable at CNY 650 per tonne to CNY 660 per tonne and CNY 745 per tonne to CNY 755 per tonne.
In China's main coal-producing regions, such as Shanxi and Inner Mongolia, coal prices have remained stable after previous weeks upswing. Coal prices in these two regions have perched high for several weeks on speculation that China may face another round of power shortage in the coming winter. And the tough coal transport capacity may be one of the main reasons to bolster up the price.
(source: steelhome.cn/en)
It is reported that the latest Bohai-Rim Steam-Coal Price Index or BSPI indicates that the average price of thermal coal with calorific value of 5500 kilocalories per kilogram reached an all-time high of CNY 853 per tonne in the week ending October 26.
The price was up CNY 6 per tonne or 0.71%t from a week earlier and an increase of CNY 28 per tonne compared with September 7 when a rebound was seen after nine consecutive weeks’ fall.
At Qinhuangdao port, the price of 5500 kilocalories per kilogram and 5800 kilocalories per kilogram thermal coal was up CNY 5 per tonne to CNY 850 per tonne to CNY 860 per tonne and CNY 900 per tonne to CNY 910 per tonne respectively compared with the previous week while that of 4500 kilocalories per kilogram and 5000 kilocalories per kilogram thermal coal kept stable at CNY 650 per tonne to CNY 660 per tonne and CNY 745 per tonne to CNY 755 per tonne.
In China's main coal-producing regions, such as Shanxi and Inner Mongolia, coal prices have remained stable after previous weeks upswing. Coal prices in these two regions have perched high for several weeks on speculation that China may face another round of power shortage in the coming winter. And the tough coal transport capacity may be one of the main reasons to bolster up the price.
(source: steelhome.cn/en)
Tuesday, October 25, 2011
Luzhong Mining Group cut iron concentrates Ex works price
Tuesday, 25 Oct 2011
Luzhong Mining Group cut 64 percent grade alkaline iron concentrates ex-works price by CNY 70 to CNY1, 330 per tonne.
Source steelhome.cn
Luzhong Mining Group cut 64 percent grade alkaline iron concentrates ex-works price by CNY 70 to CNY1, 330 per tonne.
Source steelhome.cn
Thursday, August 18, 2011
Iron Ore-Spot prices extend gains, more Australian cargoes
Thu Aug 18, 2011
* BHP Billiton sells more spot cargoes, Rio ups offer
* Firmer China steel prices supporting iron ore restocking
* Rio says to resume normal ops at two Australia mines
By Manolo Serapio Jr
SINGAPORE, Aug 18 (Reuters) - Spot iron ore prices gained more ground on Thursday as increased steel output prodded Chinese mills to restock with Australian cargoes seeing brisk demand amid limited Indian supplies.
Mills in China, the world's No. 1 steel producer, made 1.9419 million tonnes of crude steel a day in the first 10 days of August, up 0.4 percent from the July 21-31 period, the China Iron and Steel Association said on Wednesday.
Daily output has stayed above 1.9 million tonnes since late February, compared to an average of about 1.7 million tonnes last year, as Chinese mills make more steel to keep up with strong demand from its construction sector.
Anglo-Australian miner BHP BillitonReuters)
* BHP Billiton sells more spot cargoes, Rio ups offer
* Firmer China steel prices supporting iron ore restocking
* Rio says to resume normal ops at two Australia mines
By Manolo Serapio Jr
SINGAPORE, Aug 18 (Reuters) - Spot iron ore prices gained more ground on Thursday as increased steel output prodded Chinese mills to restock with Australian cargoes seeing brisk demand amid limited Indian supplies.
Mills in China, the world's No. 1 steel producer, made 1.9419 million tonnes of crude steel a day in the first 10 days of August, up 0.4 percent from the July 21-31 period, the China Iron and Steel Association said on Wednesday.
Daily output has stayed above 1.9 million tonnes since late February, compared to an average of about 1.7 million tonnes last year, as Chinese mills make more steel to keep up with strong demand from its construction sector.
Anglo-Australian miner BHP Billiton
Tuesday, February 15, 2011
Baosteel and Wuhan raise HR prices by USD 45 per tonne
Tuesday, 15 Feb 2011
It is reported that two of Chinese domestic giant steelmakers, Baoshan Iron & Steel and Wuhan Iron & Steel Co will raise EXW prices for HR steel for March bookings by around CNY 300 per tonne (USD 45) per tonne.
It is reported that two of Chinese domestic giant steelmakers, Baoshan Iron & Steel and Wuhan Iron & Steel Co will raise EXW prices for HR steel for March bookings by around CNY 300 per tonne (USD 45) per tonne.
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