Imported iron ore stocks at China’s 45 ports had stayed on a uptrend since late August, with the volume up another 1.5% or 1.8 million tonnes on week to a new seven-month high of 122.4 million tonnes by October 15, as the new arrivals persisted high while the daily discharge from these ports reduced, Mysteel’s latest survey showed.
Blast furnace capacity utilization among China’s 247 Chinese steel mills Mysteel canvasses weekly reversed down again over October 10-15 after merely one-week recovery, down 0.3 percentage point on week to 92.91% as of October 15, as some steel mills in North China’s Hebei province trimmed their production on government request, market sources commented on Friday.
价钱s for imported iron ore in China’s portside and seaborne cargo markets continued to soften for a fourth day on October 15, with Mysteel’s PORTDEX 62% Fe Australian Fines index falling by another Yuan 15/wmt ($2.2/wmt) on day to Yuan 880/wmt FOT Qingdao and including the 13% VAT. On the same day, the SEADEX 62% Fe Australian Fines price also decreased by $1/dmt on day to $118.5/dmt CFR Qingdao.
Many steel market sources both in and out of China are eagerly waiting for the country’s nationwide steel scrap standard guidelines that reportedly will be released by the end of 2020, as this may trigger a series of changes including the possibility of China’s allowing free steel scrap imports, and the global steel scrap fundamentals with the joining of the world’s top steel producing country.
Inventories of processed coking coal at the 110 Chinese independent and affiliated wash plants under Mysteel’s regular survey fell by 237,500 tonnes or 9.5% from September 29 to reach 2.3 million tonnes as of October 13, according to Mysteel’s survey report on October 14. The decline was a consequence of the slide in output and to active post-break replenishment from end-users, according to sources.
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.
价钱s for imported iron ore in China’s portside and seaborne cargo markets softened on October 12, with Mysteel’s PORTDEX 62% Fe Australian Fines index decreasing by Yuan 3/wmt ($0.4/wmt) from Saturday to Yuan 919/wmt FOT Qingdao and including the 13% VAT. On the same day, the SEADEX 62% Fe Australian Fines price also dipped by $1.7/dmt from Saturday to $124/dmt CFR Qingdao.
Many China’s steelmakers re-entered the spot market to replenish their internal regular over the first two working days over October 9-10, after having largely relied on their in-house stocks during the long National Day holiday over October 1-8, while iron ore traders, on the other hand, have showed relatively cautious on taking over much ore quantities, market sources noted.
中国宝钢$ 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十二日
Metallurgical coke stocks at China’s 230 independent coking plants rose 5% from September 30 to 782,400 tonnes by October 9, thus ending the successive decline since mid-September, according to Mysteel’s latest survey, which reflected the slowdown in coke delivery during the long break and several plants’ tactic to support prices with lower sales, according to market sources.
沙岗了废钢采购价格由$ 12 /牛逼，因为10月10日二零二零年十月十二日
Shagang Group (Shagang), China’s largest electric-arc-furnace (EAF) steelmaker, has raised its steel scrap procurement price by Yuan 80/tonne ($11.8/t) effective October 10, or the first price adjustment in October, on noting the declines in scrap deliveries while buoyant demand from the Chinese steel mills in general, market sources commented on Saturday.
Total iron ore port stocks at the 45 Chinese ports under Mysteel’s weekly survey continued to climb for the seventh week to a seven-month high of 120.6 million tonnes on October 9 after another gain of 1.3% or 1.5 million tonnes from September 30, according to Mysteel’s latest release, which was mainly due to the steadily high ore arrivals over the survey period.