螺纹钢需求疲软制约东盟和中国方坯市场

Weak rebar demand constrains ASEAN, Chinese billet markets

Kallanish（开阑商务信息咨询）报道，东盟进口市场和中国出口市场上周表现平静，正在北京举行的全国人民代表大会没有为中国的钢铁和建筑业带来明确的利好消息。

The ASEAN import and Chinese export markets were quiet last week with no clear positive news for the country’s steel construction industry from the ongoing China National People’s Congress meetings in Beijing, Kallanish notes.

据悉，菲律宾一家主要再轧商在3月3日前后预订了2万吨中国5sp 150毫米方坯，4月下旬发货，价格为460美元/吨cfr马尼拉。由于这批5sp方坯的预订价格较低，一些中国贸易人士认为这将是没有全额缴纳增值税的中国方坯。

A leading Philippine reroller was heard to have booked 20,000 tonnes of Chinese 5sp 150mm billet for late-April shipment at $460/tonne cfr Manila around 3 March. Some Chinese trading sources think that the Chinese billet will be shipped without full payment of VAT because of the low booking price for 5sp billet.

目前，中国或东盟原产的5sp 150毫米方坯主流报价为460美元/吨cfr马尼拉。此前，2月份相同等级和规格的方坯成交价格略低于455美元/吨cfr马尼拉。

Current offers for 5sp 150mm billet of open origin, either Chinese or ASEAN-origin are prevailing at $460/t cfr Manila. Previous orders in February for same grade and size billet were just under $455/t cfr Manila.

一位马尼拉贸易商说，市场情绪“平静或非常平静”。他说：“对两会的期待再次落空。”他补充说，买方认为以455美元/吨cfr的价格预订5sp 130毫米方坯存在风险。建筑钢材需求疲软限制了交易和价格上涨。

The mood of the market is “quiet to very quiet,” a Manila trader says. “Once again, the Two Sessions turned out to be a bust. It’s much ado about nothing,” he says. Buying sources are saying that they see risk in booking 5sp 130mm billet at $455/t cfr, he adds. Weak demand for construction steel has limited buying and prices from rising.

Kallanish评估的5sp/ps或Q275 120/125/130毫米方坯价格为460-465美元/吨cfr马尼拉，周环比上涨5美元/吨。

Kallanish assessed 5sp/ps or Q275 120/125/130mm square billet at $460-465/t cfr Manila, up $5/t on-week.

上周五，印尼Dexin Steel 5月份发货的3sp 150毫米方坯报价为445美元/吨fob，比前一周低5美元/吨。从Dexin的苏拉威西工厂到马尼拉的运费约为15美元/吨。雅加达的进口消息人士称，最近听到一些中国5sp 150毫米方坯的交易价格为460-465美元/吨cfr印尼。

Indonesia’s Dexin Steel was offering its 3sp 150mm billet for May shipment at $445/t fob last Friday, $5/t lower on week. Freight costs from Dexin\'s Sulawesi plant to Manila is around $15/t. Importing sources in Jakarta report hearing some recent deals for Chinese 5sp 150mm billet at $460-465/t cfr Indonesia.

在中国，由于上海期货交易所主力2025年5月螺纹钢合约下滑76元/吨（10美元/吨），上周五3sp 150毫米方坯连续第二周下跌至441美元/吨左右，周环比下跌6美元/吨。人民币对美元汇率的上涨导致一些贸易商上周五暂缓报价，或将3sp 150毫米方坯最低报价定在450美元/吨fob。

In China, 3sp 150mm billet fell for the second consecutive week to around $441/t last Friday, down $6/t on-week, as the most traded May 2025 rebar contract on the Shanghai Futures Exchange slipped by CNY 76/t ($10/t). The rising Yuan to US dollar exchange rate has caused some traders to withhold their quotes or to set 3sp 150mm billet offers at the minimum at $450/t fob last Friday.