31 March-4 April charge for each product Weekly Overview

• Keyword:
• Iron ore, coke, pig iron, carbon steel scrap charge

Macro hot spots:

1, China Steel Association: Domestic steel prices tons environmental costs 100 yuan up poor

Dean of Metallurgical Industry Planning Research Institute, China Steel Association Deputy Secretary-General Li Chong on "2014 (fifth) China Steel planning forum" that the steel industry is currently facing enormous environmental challenges, the steel industry into debt history period. It is foreseeable that future environmental costs of steel enterprises will gradually increase, environmental protection will become the first prerequisite for survival and development of steel companies, steel and other traditional industries around the green market will also benefit from this.

According to its introduction, from the environmental point of view, the domestic steel prices vary greatly, environmental costs per ton of steel industry about 55 yuan, like Japan and South Korea and other environmental requirements more stringent countries and regions, and its environmental cost as much as 150 yuan per ton, while domestic good corporate environmental costs are also up 110 yuan / ton. "From watching it, the domestic environment is worse than a good business environment, corporate environmental costs higher than 100 yuan per ton, which is not only environmental issues, was a fair competition."

2, Australian iron ore price cut this year forecast to $ 110

Australian Bureau of Resource and Energy Economics forecast in its first quarter, the latest release, the 2014 average spot price of iron ore from Australia last year in December, down from the valuation of the expected $ 119 / ton (FOB price) to $ 110 / ton.

3, a new round of steady growth the early clues: State Department changed the railway construction shed blood transfusion

State Council executive meeting held yesterday clarified the three economic promotion measures, including development finance to play shantytowns support role in determining deepen railway investment and financing system, speed up railway construction policy measures on expanding the small and micro enterprise income tax preferential policies scope.

4, the steel industry: April season fundamentals will improve

March 2014 the absolute value of the steel industry PMI rebound, but still under the ups and downs of the line. From the supply side, the high inventory of steel mills, industry losses pressure persists, mills willingness to take the initiative to yield little; From the demand side, the March of steel PMI new orders index rebound, but still contraction range, which reflects steel City in domestic demand picked up, but no time is expected to recover. The new export orders index fell slightly, steel exports remain high face variables. April industry into the season, the steel city needs to be improved.
In late March the downstream demand gradually started in April into the traditional peak season, demand is expected to continue to rise QoQ, steel and auto stocks will gradually digested, the fundamentals will be improved.

5, coke export growth hidden crisis

Since 2013, China officially abolished the coke 40% export tariff and quota system in favor of the implementation of coke export licensing system, Shanxi coke exports increased significantly in 2013 after the former exports increase in volume and a drop in price this year, showing the pattern of two months.

Burden situation one week each product description:

Iron ore: Domestic iron ore prices remained stable this week, optimistic trend, overall prices remain unchanged, market sentiment has improved. Port Spot, prices showed a steady rising trend this week than last week prices rose 20-30 yuan / ton.

Pig iron: Steel City this week to pull up, gains slowed near the weekend, the slow recovery of pig iron market demand, inventory high, poor delivery businesses, some businesses rose tentatively accepted but the market capacity is limited, the majority of businesses are still cheap clear inventory based. Refining mills still lower prices to buy limited quantities of steel, iron works price slightly lower, thinly traded. Cast ductile iron market weakness adjustment based, high inventory merchants cheap shipping, but the turnover is still not ideal. Pig iron market is expected to decline slowed to wait and see next week increased tendency to form with rising steel prices, pig iron market will gradually better.

Scrap: This week, the domestic scrap prices show a steady trend slightly higher in some areas prices rose slightly adjusted, but only slightly, mostly in the 10-20 yuan / ton, affected by the recent strength of the domestic steel market, domestic scrap market optimism rising , but it is worth noting that, although the policy of good and brings warmer downstream market mentality strong, but the domestic steel market is still in high yield, high inventories and capital tension among the ports of financing mine also needs time to digest in this case, the steel market is expected to post improved the rate will not be too large, or the situation will be the main shock rose slightly.

Carbon: This week in April Prebaked the low end of the contract price continue to fall, production of electrolytic aluminum enterprises affected by the current market, the relative increase in the supply of pre-baked anode, aluminum anode current enterprise cost reduction continues to keep the prices down; reflects Apart from the anode enterprise aluminum outside pressure, time hunters tender offer common anode enterprises, especially enterprises in Henan province is more intense bidding.

Coke: This week, the domestic coke market weakness down, prices in most areas Budie, the price decline slowed in some areas, the overall turnover remains in the doldrums. Including Tangshan, north China, including the majority of independent coking enterprises, began to implement a large-scale limit production. Coke Coke stock prices over the past week since declined slightly.

Burden mainstream market product price list:

 

 

Product	Typical specification	Key areas	Key areas of mainstream price	Price Unit	Price Description	Change over last week	Week Forecast
Iron ore	Fines	Tangshan	970-980	Yuan / ton	Dry basis, tax, ex-factory price	→	Smooth disadvantaged
	Iron ore	Tianjin Port in India	116.25-117.25	Dollar / T	Dry basis, excluding tax	↑4.5	Smooth disadvantaged
Pig iron	Steelmaking pig iron	Hebei, Shanxi	2420-2500	Yuan / ton	Factory tax	-	Low consolidation
	Cast iron	Hebei, Shanxi	2900-2950	Yuan / ton	Factory tax	-	Vulnerable adjustment
	Ductile iron	Hebei, Shanxi	2880-2930	Yuan / ton	Factory tax	-	Vulnerable adjustment
Scrap	Heavy scrap	Zhejiang, Jiangsu	1970-2040	Yuan / ton	Factory excluding tax	↑0-20	Steady for the better
	Casting scrap	Shandong	2400-2450	Yuan / ton	Factory excluding tax	—	Steady for the better
Coke	Metallurgical coke	Hebei	1090-1120	Yuan / ton	To factory including tax	↓15	Vulnerable to stabilize
		Shandong	1050-1090	Yuan / ton	To factory including tax	↓10	Vulnerable to stabilize
Graphite Electrodes	Normal power φ300-600mm	Hebei, Henan, Shandong	10500-12000	Yuan / ton	Factory tax	—	Maintenance of stability
	High Powerφ300-600mm	Hebei, Henan, Shandong	14000-15000	Yuan / ton	Factory tax	—	Maintenance of stability
	UHPφ300-700mm	Jilin, Gansu, Nantong, Shandong	18000-32000	Yuan / ton	Factory tax	—	Little decrease
Prebaked	First class	Shandong	3000-3100	Yuan / ton	Factory tax	↓50	Little decrease
	First class	Shandong, Henan, Jiangsu	3200-3500	Yuan / ton	Foreign tax to plant		Little decrease
	First class	Inner Mongolia, Qinghai, Guangxi	3400-3500	Yuan / ton	Foreign tax to plant		Little decrease
Calcined coke	Low sulfur calcined petroleum coke	Huludao, Fushun	2500-2800	Yuan / ton	Factory tax		Maintenance of stability
	Sulfur calcined petroleum coke	Hebei, Tianjin, Shandong	1600-1650	Yuan / ton	Factory tax		Maintenance of stability
	Sulfur calcined petroleum coke	Henan, Zhenjiang, Xinjiang	1550-1600	Yuan / ton	Factory tax		Maintenance of stability
Graphitized petroleum coke carbon agent	C≥98.5%，S＜0.05% 1-5mm	Henan, Hebei, Shandong	4100-4200	Yuan / ton	Factory tax	—	Maintenance of stability
	C≥99%，S＜0.03% 1-5mm	Hunan, Liaoning	5200-5300	Yuan / ton	Factory tax	—	Maintenance of stability
Carbon electrode	Diameter780-960mm	Henan, Hebei, Shanxi	6800-7300	Yuan / ton	Factory tax		Maintenance of stability
	Diameter1100-1146mm	Henan, Hebei, Shanxi, Chongqing	8500-9500	Yuan / ton	Factory tax		Maintenance of stability
	Diameter1272mm	Henan, Hebei, Shanxi, Chongqing	11500-12500	Yuan / ton	Factory tax		Maintenance of stability
Cathode carbon block	Graphite 30%	Shanxi, Henan, Hebei	6500-7000	Yuan / ton	Factory tax		Little decrease
	Graphite 50%	Shanxi, Henan, Shandong, Sichuan	7300-7800	Yuan / ton	Factory tax		Little decrease
	Graphite100%	Henan, Yunnan	9000-9500	Yuan / ton	Factory tax		Little decrease
	Full graphitization	Henan	12000-12500	Yuan / ton	Factory tax		Little decrease
Electrically Calcined Anthracite	A<5.0、ρ<1200	Yunnan	2000-2100	Yuan / ton	Factory tax	—	Little decrease
	A<6.5、ρ<650	Ningxia	1900-2000	Yuan / ton	Factory tax	—	Little decrease
	A<6.5、ρ<650	Inner Mongolia	1900-1950	Yuan / ton	Factory tax	—	Little decrease
Cape anthracite	A<6.0、ρ<1250	Inner Mongolia, Ningxia,	1300-1350	Yuan / ton	Factory tax	—	Little decrease
	A<6.5、ρ<1250	Inner Mongolia, Ningxia,	1270-1290	Yuan / ton	Factory tax	—	Little decrease
Electrode paste	Confined THM-1	Inner Mongolia, Ningxia, Guangxi, Guizhou, Yunnan	3000-3350	Yuan / ton	Factory tax	—	Maintenance of stability
	Standard	Inner Mongolia	2750-2800	Yuan / ton	Factory tax	—	Maintenance of stability
	Special	Inner Mongolia, Guangxi, Sichuan	3450-3750	Yuan / ton	Factory tax	—	Maintenance of stability
Needle coke	Oil-based needle coke (imported)	U.S., Britain, Japan	1650	Dollar / T	CIF price		Little decrease
	Needle coke coal (imported)	Japan	1220	Dollar / T	CIF price		Little decrease