7 Mar 2022 China and Asian Market Update
Congrats if you booked last week. Price is soaring today, HRC is running out of allocation, FHCRC is at USD$925/mt FOB level, seems no more at attractive.
CNY(RMB)/USD: 6.3186/1
Futures: |
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HRC: |
HC2205: |
CNY 5380 +2.81%(compared to 4/3) |
while at CNY 4952 on 28/2 |
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HC2210: |
CNY 5157 +3.12% (compared to 4/3) |
while at CNY 4796 on 28/2 |
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Debar: |
RB2210: |
CNY 4889 +4.04%(compared to 4/3) |
while at CNY 4516 on 28/2 |
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RB2205: |
CNY 5094 +4.36% (compared to 4/3) |
While at CNY 4693 on 28/2 |
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Iron Ore: |
I2205: |
CNY 870 +7.08% (compared to 4/3) |
while at CNY 706 on 28/2 |
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I2209 |
CNY 850 +7.46% (compared to 4/3) |
while at CNY 686 on 28/2 |
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Coking Coal: |
J2205 |
CNY 3848 +7.22% (compared to 4/3) |
while at CNY 3297 on 28/2 |
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J2209: |
CNY 3568 +6.03% (compared to 4/3) |
while at CNY 3107 on 28/2 |
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Spot Market: |
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HRC: |
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For 4.75mm: |
+170/ +120 |
(compared to 4/3) to CNY5200-5340 |
while at CNY 4910-4970 on 28/2 |
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For 3mm: |
+130 /+120 |
(compared to 4/3) to CNY 5290-5320 |
while at CNY 5000 on 28/2 |
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Debar: |
+110 /+110 |
(compared to 4/3) to CNY 5060-5410 |
while at CNY 4870-5230 on 28/2 |
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Billet: |
+130 |
(compared to 4/3) to CNY 4810 |
while at CNY 4550 on 28/2 |
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Iron Ore: |
+17.60 |
151.10(4/3 closing, compared to 3/3) |
while at CNY 133.50 on 28/2 |
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Coking Coal: |
CNY 3192.30 |
+0.00%(compared to 4/3) |
while at CNY 2994.30 on 28/2 |
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**We appreciate your comment and advice, so that we can improve our quality. Thanks!