As
of today, the main steel raw material spot market remained stable, the market
price of billet steel section was up, the shipping market rose slightly.
National
billet steel prices inched up portion, wherein the Tangshan region rose 20-30 RMB
/ Ton, steady elsewhere. It is understood that the majority of steel mills are
still in the current holiday, where some manufacturers inventory is large, late
billet market is not clear. With the return to work after the holiday, billet
prices also rebounded synchronously.
Scrap
steel market stays steady, some manufacturers continue to back the market, but rarely
traded. It is understood that after the holiday opening, vendor operability is
not strong, the market see steel market atmosphere, but not the actual
transaction. It is expected that scrap market will remain weak and stabilizing in
short-term.
Not
only the billet steel market is up, also the same with shipping market.Dry
bulk shipping market rose slightly, driven by rising Panamax vessels, all other
ship were to continue to decline. Currently Brazil to China ocean freight $
5.693 / ton, up $ 0.034 / ton (15-18 Million tons); Western Australia to China ocean
freight $ 2.844 / ton, up $ 0.009 / ton (Million tons); South Africa to China
US $ 3-4 / ton (15-18 Million tons); Iran to China 8.5-9.5 US dollars / ton
(2-3 Million tons). Southeast Asia shipping activity deserted now shipping port
in southern China to Indonesia US $ 2.5-3.5 / mt (7-8 million tonnes); US $ 3-4
/ ton (5-6 Million tons).
Want to know more? Please contact me freely. China National Building Materials Group Corporation is the full name of CNBM, which is one of the largest state-owned groups in China, and listed in the Fortune 500 Enterprises. We are specialized in stainless steel product, steel billet,hot rolled steel, cold rolled steel etc.
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