China’s sales of excavators to both domestic and overseas clients surged by nearly 64.8% on year to 26,034 units during September and lifted total sales over the first nine months by 32% on year to 236,508 units, according to the latest statistics from the China Construction Machinery Association (CCMA) published on October 15.
The uptick in export sales of Chinese steel seen before the country’s National Day holiday over October 1-8 cooled down again after the break, with offer prices reversing up in tandem with the domestic market, while those from makers in other countries, especially in Asia, have slipped. At the same time, the broadening gap between domestic prices and offers from mills abroad saw China’s window for steel imports open again, according to Mysteel’s latest survey.
中国宝钢$ 15 /吨降低月热轧卷价目表188体育滚球平台导航二零二零年十月一十二日
The price of Q235 150mm square billet in Tangshan, North China’s Hebei province, the bellwether of China’s steel market movement, rebounded by a total of Yuan70/tonne ($10.4/t) from September 30 to reach Yuan 3,770/t EXW and including the 13% VAT as of October 8, the end of China’s National Day holiday, according to Mysteel’s latest survey. Sources cited the pickup in overall buying sentiment locally.
Sales of heavy-duty trucks in China’s domestic market during September surged by 63% on year or by 5% on month to 136,000 units, refreshing the highest record for a September result, according to a preliminary estimate calculated by Beijing-headquartered Commercial Vehicle World (CVWorld) published on October 7.
China’s national HRB400 20mm dia rebar price assessed by Mysteel continued to dip for the tenth working day on September 27. It refreshed its three-month low to Yuan 3,754/tonne including the 13% VAT, down another Yuan 4/t on day and steel sales had turned active on preholiday restocking activities.
China’s national average price of HRB400 20mm dia rebar assessed by Mysteel continued to weaken for the sixth working day on Tuesday, down another Yuan 12/tonne ($1.8/t) on day to Yuan 3,768/t including the 13% VAT as of September 22. Steel trade picked up slightly after the recent continuous price drops.
China’s national average price of HRB400 20mm dia rebar assessed by Mysteel, an indicator of China’s steel market dynamics, declined by another Yuan 15/tonne ($2.2/t) from last Friday to Yuan 3,780/t including the 13% VAT as of September 21. The price had softened for five working days in a row and market sentiment deteriorated as steel demand had remained weak.