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| The domestic steel market and into the "entangled"track |
| Date[2011-5-19 13:25:06] |
One side is the crude steel production hit a new high, while signs of significant weakening of the deal, the domestic steel market and into the "entangled" in the track. According to well-known steel stock trading platform to the latest market reports, domestic construction steel market has clearly into the "weak" market, the price of iron ore and other resources are also continuing upstream in a little strong, "weakness" was intended.
According to the relevant monitoring, domestic construction steel prices have been "weak." At 13, West of the index was at 4,860 yuan per ton in the price, down 20 per week. At present, Shanghai quality product on behalf of two specifications of the tons of rebar price adjusted to 4,800 yuan, down 30 per week; quality product offer will be adjusted to three levels of steel 4,940 yuan per ton, down 40 per week. Are reflected in the market, "long after, the steel market but also with the 'twisted' word to describe." On the one hand, in April hit a record high average daily production of domestic crude steel; the other hand, after the peak season demand, closing switch weak evidence has emerged. Later became a delicate supply and demand situation, the short side are difficult to launch a multi-trend market, continued consolidation in the steel city only to find direction.
Major steel mills have become more cautious factory pricing. Baosteel price policy first introduced in June, hot-rolled, cold-rolled sheet metal species and other mainstream prices are dropping steadily. Manufacturers of construction steel price adjustment though is the "mixed", but the overall adjustment is not large. Sand steel wire in mid-May prices of 50 yuan per ton, but the rebar prices remain unchanged; Hebei Iron & Steel, Wing steel wire rod, rebar prices remain unchanged. According to industry data comparison, the current average price of domestic construction steel in the past two and a half years has been the highest level, steel mills in the pricing of "standing above the crowd" feeling.
Upstream raw materials iron ore and steel prices have started to show signs of fatigue, all prices are stable and downs. Domestic iron powder market weakness running down 20 per tonne price, closing quiet. As for the spot ore imports, the current grade 63.5% Indian iron ore fines quoted at $ 187 per ton, down $ 2 a week. Inquiry is not an active market, some businesses in the price of "debatable space." Now high-grade ore resources in the slightly tight, low-grade resources are relatively abundant.
Organization, analysts said, the steel city of weakness are emerging. Although May is still relatively "steel consumption season," but the actual demand for the release of lower than expected, higher steel prices to some extent inhibited the downstream demand. However, for construction of steel, the current overall inventory levels are still lower than the same period last year, "This is the current lack of depth or power steel maximum support", construction steel market will continue to short-term "entangled" down.
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