This week, the pressure on supply and demand in China’s domestic steel market has increased, and demand continued to be weak,
According to the latest freight rate data of Shanghai Export Container Freight Index (SCFI) released on July 2, the SCFI composite index continued to rise to 3095.14 points last week, up 119 points or 3.2% from the previous period. Shanghai’s export container freight index continues to break a record high.
Siphiwe rail tracks in the United States rose by $310 to $9,254 /FEU, up 3.46 percent.
Sibeko tracks in the United States and the West also rose $228 to $4944 /FEU, up 4.8 percent.
Sibeko tracks in Europe rose $307, or 4.7 percent, to $6,786 per TEU.
Siphiwe tracks across the Mediterranean continued to rise to $6,655 /TEU, up 2.1 percent.
At present, the freight price of the Far East to the US East line can reach $15,000-18,000 /FEU, the US West line has also exceeded $10,000 /FEU, and the freight price of the European line is about $15,000-20,000 /FEU. At present, the freight rate of Shanghai to Europe and the United States is up 10 times compared with the same period last year.
The current situation of China’s domestic steel market this week: Due to the increasing downward pressure on the domestic economy and
This week, China’s domestic high temperature, and affected by the off-season of the steel market, the demand for steel has shrunk,
This week, the output of China’s five major types of steel was 8.9713 million tons, an increase of 140,300 tons from
The fundamentals of supply and demand in China’s steel market further improved this week. The sharp reduction in production by steel