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23.10.17
ROUNDUP/Aktien New York Schluss: Verluste - Kurse zollen Rekordjagd Tribut

S&P Global Platts China Steel Sentiment Index Softens in February

Dienstag, 14.02.2017 06:00 von

PR Newswire

BEIJING, Feb. 14, 2017 /PRNewswire/ -- Chinese steel market sentiment softened further in February as the market returned from the Lunar New Year holiday period, with the outlook for domestic steel orders deteriorating since last month, according to the latest S&P Global Platts China Steel Sentiment Index (CSSI), which showed a headline reading of 25.21 out of a possible 100 points.

S&P Global Platts logo

The February CSSI dropped by 8.92 points from January's 34.13 despite improved expectations for export steel orders, which rose by 18.42 points from last month to 33.02. The outlook for new domestic orders fell for the fourth consecutive month in February, down 11.29 points from January to 25.54.

A reading above 50 indicates expectations of an increase/expansion and a reading below 50 indicates a decrease/contraction.

Expectations for long steel product prices rebounded from January's 6.25 to 58.33 in February. The outlook for flat steel prices fell 19.10 points from last month to 19.79 in February.

The outlook for steel production fell to its lowest level since June last year, dropping 11.36 points from January to 38.64. Steel inventories held by traders were tipped to rise in February, up 12.12 to 54.25 points.

S&P Global Platts China Steel Sentiment Index – February 2017
(a figure over 50 indicates expectations of an increase; under 50 indicates a decrease; historical graphic available upon request)

 


February 2017

 

Change from January
(points)

CSSI (Total New Orders)

25.21

-8.92

New Domestic Orders

25.54

-11.29

New Export Orders

33.02

18.42

Steel Production

38.64

-11.36

Flat steel prices

19.79

-19.10

Long steel prices

58.33

52.08

Inventory held by traders

54.25

12.12

 

"The market is still finding its feet after the Lunar New Year break and the price direction will become clearer over coming weeks," said Paul Bartholomew, senior managing editor of steel & raw materials for S&P Global Platts. "February is already a short month and has been further curtailed by the holiday. Domestic demand for rebar will start to improve as the weather warms up and construction activity gathers pace."

Steel production has been subdued so far in 2017 on an uncertain demand outlook and mills have been taking advantage of a slower market to carry out maintenance work, Bartholomew said.

The CSSI is based on a survey of 75 to 90 China-based market participants including traders and steel mills. Data is compiled by Dai Yuelin, Sharon Liao, Zhang Jing, Lucy Tang and Joy Zhuo in Shanghai.

According to S&P Global Platts price assessments, separate to the CSSI, the Platts China export hot rolled coil price assessment in January averaged $497.14 per metric ton (mt), free on board (FOB) China. This was down 1% on $501.47/mt FOB in December.

The Platts China Steel Sentiment Index survey plays no role in Platts' formal price assessment processes. For more information, please visit: http://www.platts.com/IM.Platts.Content/MethodologyReferences/MethodologySpecs/steel.pdf

Contact
Americas: Kathleen Tanzy, + 1 917 331 4607, kathleen.tanzy@spglobal.com
EMEA: Arnaud Humblot +44 207 176 6685, arnaud.humblot@spglobal.com  and Alex Brog +44 207 176 7645, alex.brog@spglobal.com
Singapore: Platts (platts@ryancommunication.com)

About S&P Global Platts
At S&P Global Platts, we provide the insights; you make better informed trading and business decisions with confidence. We're the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to our expertise in news, pricing and analytics to deliver greater transparency and efficiency to markets. S&P Global Platts coverage includes oil and gas, power, petrochemicals, metals, agriculture and shipping.

S&P Global Platts is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.platts.com

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sp-global-platts-china-steel-sentiment-index-softens-in-february-300406769.html

SOURCE S&P Global Platts