[Baja SMM]

On August 6 China's steel export prices generally edged higher. Some flat-product export prices rose 1 USD/tonne day on day, with HRC transactions at 481-484 USD/tonne; prices have risen for successive days after the earlier decline, enquiries increased, and some products that did not follow the rise saw a degree of business. Billet export FOB prices rose 1 USD/tonne, with Jiangyin port offers at 450-455 USD/tonne, although overseas demand is fairly limited, billet export enquiries are few and competition is fierce, so deals are only possible with price concessions. Rebar export offers at Tianjin port rose 1 USD/tonne with transactions at 475-481 USD/tonne; a modest gain in futures improved enquiry sentiment and some mills concluded small-lot business, while GB-standard rebar exported to Hong Kong was offered at about 505-508 USD/tonne CFR with demand still present.

Menurut statistik SMM, stok pabrik dan stok sosial terus berdivergensi pada periode ini. Produksi pabrik baja menurun, dan stok pabrik masih mengalami sedikit destocking, sementara stok sosial terus bertambah, meski laju penambahannya melambat. Total persediaan baja konstruksi mencapai 8,4788 juta ton, naik 0,06% MoM, atau peningkatan sebesar 5.400 ton.