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:

  

   

HRC:

HC2205:

CNY 5380   +2.81%(compared to 4/3)

while at CNY 4952 on 28/2

 
 

HC2210: 

CNY 5157   +3.12% (compared to 4/3)

while at CNY 4796 on 28/2

 

Debar:

RB2210:

CNY 4889    +4.04%(compared to 4/3)

while at CNY 4516 on 28/2

 
 

RB2205:

CNY 5094    +4.36% (compared to 4/3)

While at CNY 4693 on 28/2

 

 Iron Ore:

I2205:

CNY  870     +7.08% (compared to 4/3)

while at CNY 706 on 28/2

 
 

I2209

CNY  850     +7.46% (compared to 4/3)

while at CNY 686 on 28/2

 

 Coking Coal:

J2205

CNY 3848    +7.22% (compared to 4/3)

while at CNY 3297 on 28/2

 
 

J2209:

CNY 3568   +6.03% (compared to 4/3)

while at CNY 3107 on 28/2

 
       

Spot Market:

     

HRC:

     

For 4.75mm:

+170/ +120

(compared to 4/3) to CNY5200-5340

while at CNY 4910-4970 on 28/2

 

For 3mm:

 +130 /+120

(compared to 4/3) to CNY 5290-5320

while at CNY 5000 on 28/2

 

Debar:

+110 /+110

(compared to 4/3) to CNY 5060-5410

while at CNY 4870-5230 on 28/2

 

Billet:

+130

(compared to 4/3) to CNY 4810

while at CNY 4550 on 28/2

 

Iron Ore:

+17.60

151.10(4/3  closing, compared to 3/3)

while at CNY 133.50 on 28/2

 

Coking Coal:

CNY 3192.30

+0.00%(compared to 4/3)                                                       

while at CNY 2994.30 on 28/2

 
                     

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