In the last week, opening a record biggest weekly gain since last week, after a rise in steel prices continue to trend, the national general rise in steel prices in major cities, Shanghai and steel ascribed to lower income rose.

    Published data, 22 the 24 major cities Φ20mmHRB335 average price of rebar was 4130 yuan / ton, compared with the previous day up 6 yuan / ton. 14 major cities Ф6.5m m & P line of an average price of 4124 yuan / ton, compared with the previous trading day up 9 yuan / ton; 24 major cities Ф6.5mm average price of high-speed wire 4180 yuan / ton, compared with the previous trading rose 13 yuan / ton.

    The futures market, the last issue of the period of steel ascribed to drop in heavy volume lighten up. Among them, the main rebar contract 1010 Open 4751 yuan / ton, up 4812 yuan / ton, closed 4768 yuan / ton, nearly 2.05 million turnover in hand, Japanese Masukura 17108 hands, up 0.40%; wire the main contract of 1005 to open 4152 yuan / t up to 4198 yuan / ton to close at 4178 yuan / ton, or 0.46%. Higher than the previous day (19 days), the two main contract settlement prices were up 19 yuan.

    Steel prices and iron ore prices have been a "cut constantly tangled." Vale iron ore price rise has recently proposed 90% -100%, which led to China's steel enterprises face greater cost pressures. March 15, WISCO official pricing policy introduced in April, in which hot-rolled, cold rolled coils rise by 300 yuan / ton, galvanized plate raised 200 yuan / ton, this is already the third time since January of this year raised prices, the cumulative or nearly 15%. Henan Jiyuan, Wing were subsequently raised steel rebar, plates and other steel varieties of ex-factory price spiral. 21, Sha Steel introduced ex-factory price in late March, rebar, general line, set up both the price spiral. Wen-Hua Wang Wenjie futures that if the gains made in accordance with CVRD, the Chinese iron and steel industry may be full loss.

    With the weather warming, the demand for steel began to warming, which will further boost steel prices. GF Securities Xie Jun believe that strong steel demand, steel consumption in the second quarter worth looking forward to season, the apparent crude steel consumption in 2010 is expected to 605 million tons, an increase of 7.33%.

    Lower demand has begun to release the social circulation of iron and steel products business inventories have declined for two consecutive weeks. Shenyin analysis, with the purchase this week, traders and downstream enthusiasm continued to rise, market transactions are active, all varieties of steel stock to continue to digest. According to 26 major domestic steel market statistics, screw stock 723 million tons, decreased by 1.3%; high-speed wire stock was 214 million tons, down 6.1%; cold-rolled stock, at 14.2 million tons, 2.6 percent less; Hot Stock 555 million tons, 2.1% decrease; the plate stock 156 million tons, decreased by 1.4%.

    However, silver futures Yin Zhong Sheng Hainan East that, while the second week of March there rebar inventories downward trend, but the construction site has been launched one after another against the backdrop of stock rate of decline was not as good as 2009. Downstream demand is not optimistic days the amount of pressure on short-term high inventory of steel is difficult to release, while the rapid growth of steel production in the high-inventory problem has become more prominent, as suppression of the stand in the way futures prices continue to rise.

    Market analysts believe that with the season into the demand for steel demand in the steady advance of the state. Prices continued to pull up in the market after the trend of increasing demand for game, there will be a phased adjustment period, but after the consolidation, still has upward momentum.