China’s national HRB400 20mm dia rebar price assessed by Mysteel reversed up last Friday after seven consecutive days of decline, although it was a slight increase of Yuan 5/tonne ($0.7/t) on day to Yuan 3,751/t including 13% VAT as of July 3. Steel trading rebounded to nearly a one-month high, strengthening the rebar price.
As of July 2, China's national price of the HRB 400 20mm dia rebar continued the downtrend for the seventh day, decreasing Yuan 3/tonne ($0.4/t) on day to Yuan 3,746/t and including the 13% VAT, according to Mysteel’s data.
Stable trading conditions at home encouraged China’s suppliers of hot-rolled coil to raise their export prices by around $10/tonne over June 20-28, yet despite this hike the price gap with the Chinese shippers’ global competitors narrowed as international prices climbed even faster, according to Mysteel’s latest weekly report. Shippers of foreign coils exporting to China stumbled with their pricing as well last week, Mysteel Global notes.
Starting this month, most steel producers in Tangshan, China’s top steel producing city in North China’s Hebei province, could find themselves forced to halt some facilities including blast furnaces and sintering machines perhaps for as long as three months, as part of production restrictions on industrial enterprises to control pollution and improve air quality, according to a draft seen by Mysteel Global.
The price of billet in Tangshan, China’s largest steel production base in North China’s Hebei province, is under pressure from all directions, the chief causes being the persistent supply gap (but low profit margins producers can win), slow trading and the swollen stocks of finished steel stocks gathering dust in the yards of re-rollers.
China’s national price of HRB400 20mm dia rebar declined further and at a faster pace on Monday, down Yuan 19/tonne ($2.7/t) from last Friday to Yuan 3,764/t including the 13% VAT as of June 29. Steel trading retreated markedly amid continuous rainfalls in South and East China.
Blast furnace capacity utilization rate among China’s 247 steel mills grew up for the fifteenth consecutive week over June 19-24 by another 0.76 percentage points to 93.42%, according to Mysteel’s weekly survey, as most of the Chinese steel mills had not shown any inclination to cut down on their output in the rainy season yet.
在中国贸易商主要成品钢材库存结束了14周继续下跌的3月下旬以来较6月份19-24虽然复苏仅仅是61400吨或仅仅0.3％的一周，主要是由于国内钢材需求已经显示有放缓迹象the heavy rainfalls having hit South and East china, while steel mills had yet trimmed the output promptly, according to Mysteel’s latest survey.
China’s national HRB400 20mm dia rebar price reversed down by Yuan 9/tonne ($1.3/t) on day to Yuan 3,793/t including 13% VAT as of June 23, losing losing all the gains over June 19-22, according to Mysteel’s assessment, and the daily trading volume remained largely stable though traders admitted the growing difficulty in receiving payments from the end-users.
周刊：中国由$ 5 /牛逼提高螺纹钢出口价格2020年6月23日
Over June 13-19, China’s steel exporters had raised their offering prices of the B500B 18-25mm rebar by another $5/tonne on week to $441/t FOB Shanghai port on average, in contrast to the recent softening in China’ domestic steel prices together with the weakening in demand in the rainy season.
Chinese production of air-conditioners declined by 14.7% on year to 19.4 million units during May, according to the latest data from China’s National Bureau of Statistics, with the May result taking total production over January-May to some 78 million units, lower by 23.1% on year, the NBS data show. However, the pace of the decline had slowed marginally from the 24.8% decrease charted over the first four months.
中国造船企业在一月至五月接到新船订单相当于总1160万载重吨（DWT），同比下降1.2％，根据国家船舶工业的中国协会（CANSI）6月19日发布的最新版本. Demand for new vessels stayed dull as global freight markets continue to be buffeted by the coronavirus storm, Chinese market sources said Friday, admitting they were pessimistic about the medium- to long-term future for the country’s shipbuilding industry.