Chinese
Bi-Weekly Trend Reports
Weekly Trading Summary for July 7 - 11, Trend Forecast for July 14 - 18
2014-07-11

Coal
This week saw relatively stable prices for domestic coking coal prices on Xiben indexes to close at 880 points for the week ended July 11.

Iron Ore
Imported ore prices was flat for the week to close at 830 points ($134) on seaborne market, while market activities repeated on spot platforms which was a daily turnover of 4-6 boats. Platts 62% saw a closing price of $96.25 (+$0.25) while TSI 62% had a bit of ups and downs before remaining flat at $96.90.

Steel
After nearly a month since mid-June, steel was finally sought for and demand improved and market was in the initial stage of early gains.

Weekly Trading Summary for June 3 - 6, Trend Forecast for June 9 - 13
2014-06-06

Coal
This week saw relatively stable prices for domestic coking coal prices on Xiben indexes (week ended June 6).

Iron Ore
Imported ore prices rose and fell while domestic prices slid on Monday after the Dragon Boat Festival and remained steady for the rest of the week.

Steel
Coupled with the downturn in the real estate market, the market turnover had recently been in the doldrums.

Weekly Trading Summary for 5 May – 9 May, Trend Forecast for 12 – 16 May
2014-05-09

Coal
According to Xiben Coking Coal Index, domestic coking coal prices on our steel trading platform in Shanghai are expected to be generally stable for the week. Coal enterprises in Eastern China are expected to reduce their prices of about 30 yuan/ton.

Iron Ore
Under the impact of continuing weakness in the price of imported ore, domestic iron ore market followed suit with pessimism clouding the outlook. Weak market demand, steel purchases are currently not strong, and miners had continuously made price adjustments which were in the range between 10-20 yuan/ton.

Steel
After the Golden Week holidays, domestic steel prices became weaker and steel price adjustments were also on the downside.  With steel groups having to cut their prices down in early May, adjustments were sharper than expected by market participants. This indicates that the steel market outlook is still currently not optimistic.

Weekly Trading Summary for 19 May – 23 May, Trend Forecast for 26 – 30 May
2014-05-23 17:25:31

Coal
This week saw relatively stable prices for domestic coking coal prices on Xiben indexes (week ended May.23). Coke prices were flat to weak in most regions according to Xiben.

Iron Ore
Domestic iron ore prices saw a waning trend this week, amid a drastic fall in imported iron ore inventories in domestic steel mills.

Steel
Steel prices in Shanghai continued its downtrend this week, amid falling prices internationally in the steel sector coupled with real estate market shrouded in panic state in China.

Weekly Trading Summary for 14 April – 18 April
2014-04-11

Coal
According to Xiben Coking Coal Index, domestic coking coal prices on our steel trading platform in Shanghai are expected to be generally stable during this time of the mid-month. Transacted prices continued to maintain stability to close at 900 points for week ended Mar.18.

Iron Ore
Domestic prices were flat throughout the week while Xiben expected a steady rise. Imported iron ore prices fluctuated slightly, but ended on the same note as opening on Apr. 17 at $116.25 (-$2.85 on-week) while Platts closed at $116.50 (-$2.60 on-week) on Thursday as Friday was a public holiday.

Steel
Domestic steel rebar prices had rose sharply late last week according to Xiben Steel Index, which largely tracks rebar price movements in China. Transacted price movement was on the reverse trend to close at 3,430 on Apr.18 (-20.00), versus opening levels at 3,450.

Weekly Trading Summary for 24 March – 28 March
2014-03-24

Coal
According to Xiben Coking Coal Index, domestic coking coal prices on our steel trading platform in Shanghai will continue to track losses for the week. Transacted prices continued to fall 4% (-40.00) for the week to close at 930 points on Mar.28.

Iron Ore
Domestic prices took a small slip on Xiben index to close at 980 (-10.00 on- week) on Mar.28. Imported iron ore prices showed signs of stability, having TSI closed at $112.30 (+$1.60 on-week) while Platts closed at $113.25 (+$3 on-week).

Steel
Domestic steel rebar prices had risen slightly according to Xiben Steel Index, which largely tracks rebar price movements in China. Transacted price movement edged up close to 0.3% (+10.00) on week to close at 3,350 points in the morning session on Mar.28.

1 of 2
Copyright © 2011 Standard Commodity Trade Centre
All Rights Reserved