25 April 2022 China and Asian Market Update

With domestic market in a mess, CNY weakened further, HRC and others can easily be exported. South East Asia Market has already complained Chinese material dominated their material. Don’t know if they will adjust these endless serious lockdown policy and when? Hope those ship owners can send their vessels to load the cargo on time.

CNY(RMB)/USD: 6.5612/1

Futures:

     

HRC:

HC2205:

CNY 4981      -3.88% ( compared to 22/4)

while at CNY 5116 on 18/4

 

HC2210:

CNY 4889    -4.46% (compared to 22/4)

while at CNY 5038 on 18/4

Debar:

RB2210:

CNY 4778    -4.73%(compared to 22/4)

while at CNY 4867 on 18/4

 

RB2205:

CNY 4989    -2.81% (compared to 22/4)

while at CNY 4987 on 18/4

 Iron Ore:

I2301:

CNY  752     -10.85% (compared to  22/4)

while at CNY 897 on 18/4

 

I2209

CNY  795      -10.73% (compared to 22/4)

while at CNY 869 on 18/4

 Coking Coal:

J2205

CNY 4045    -2.52% (compared to 22/4)

while at CNY 3930 on 18/4

 

J2209:

CNY 3617    -6.98% (compared to 22/4)

while at CNY 3610 on 18/4

       

Spot Market:

     

HRC:

     

For 4.75mm:

-50/ -90

(compared to 22/4) to CNY 4960-5060

while at CNY 5100-5150 on 18/4

For 3mm:

-60/ -90

(compared to 22/4) to CNY  4990-5150

while at CNY 5130-5240 on 18/4

Debar:

-40/ -60

(compared to 22/4) to CNY 5070-5430

while at CNY 5060-5440 on 18/4

Billet:

-50

(compared to 22/4) to CNY 4700

while at CNY 4730 on 18/4

Iron Ore:

-10.45

143.00 (22/4  closing, compared to 21/4)

while at CNY 153.45 on 18/4

Coking Coal:

CNY 3990.90  

0.00%(compared to 22/4)                                                                    

while at CNY 3619.90 on 18/4

**We appreciate your comment and advice, so that we can improve our quality. Thanks!

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