The procurement cost
of coke, iron ore and steel scrap reversed its upward trend and started to fall
in May.
From January to May
2022, the cumulative purchase cost of coking coal rose 80.18% year-on-year;
metallurgical coke up 31.46% year-on-year; domestic iron ore concentrate down
18.50% year-on-year; imported fines down 23.09% year-on-year; pig iron up 8.30%
year-on-year; and steel scrap up 10.05% year-on-year.
1. Coking coal
The weighted average purchase cost of coking coal converted to dry basis across
the benchmarked companies in May was 2,699.74 yuan per tonne, up 83.76 yuan per
tonne, or 3.20% MoM. The cumulative average purchase cost converted to dry
basis from January to May was 2,485.87 yuan per tonne, up 1,106.22 yuan per
tonne, or 80.18%, year-on-year.
2、PCI coal
The weighted average purchase cost of PCI coal converted to dry basis in May
was 1,693.75 yuan per tonne, down 65.72 yuan per tonne or 3.74% MoM. The
cumulative average purchase cost converted to dry basis from January to May was
1,678.70 yuan per tonne, up 654.37 yuan per tonne or 63.88% YoY.
3、Metallurgical coke
The weighted average purchase cost of metallurgical coke converted to dry basis
in May was 3,490.52 yuan per tonne, down 3.13 yuan per tonne or 0.09% MoM. The
cumulative average purchase cost converted to dry basis from January to May was
3,209.07 yuan per tonne, up 767.90 yuan per tonne or 31.46% YoY.
4、Domestic iron ore concentrate
The weighted average purchase cost of domestic iron ore concentrate (dry basis)
in May was 925.18 yuan per tonne, down 9.59 yuan per tonne or 1.03% MoM. The
cumulative average purchase cost from January to May was 894.37 yuan per tonne,
down 203.00 yuan per tonne or 18.50% YoY.
5、Imported fines
The weighted average purchase cost of imported fines in May was 947.29 yuan per
tonne, down 1.87 yuan per tonne or 0.20% MoM. The cumulative average purchase
cost from January to May was 885.19 yuan per tonne, down 265.79 yuan per tonne
or 23.09% YoY.
6、Steel scrap
The weighted average purchase cost of steel scrap in May was 3,473.42 yuan per
tonne, down 21.57 yuan per tonne, or 0.62% MoM. The cumulative average purchase
cost from January to May was 3,399.03 yuan per tonne, up 310.43 yuan per tonne,
or 10.05% YoY.