Steel price continues to the current malaise
High in iron and steel stocks, steel consumption bleak before the Spring Festival, as well as domestic banks to tighten monetary tightening monetary policy last week, domestic steel product prices remain continue to decline trend. Gradually subside in the global financial crisis, the global economy as a whole the situation is improving, as well as international iron and steel raw material prices soaring backdrop of the recent domestic steel product prices fell steadily, indeed for many people in the trade surprise.
Cf the international market, the spot last week, the U.S. plate prices rose slightly, but basically remained stable. Distributors said the United States is still no demand for the domestic market. Reported that the recent Midwest A36 plate reference price of $ 649/st, higher than the previous week of $ 4 over the past four weeks, up $ 39. A distributor of the northern United States believes that the current prices may have reached its peak value.
The domestic steel market and Shanghai last week, the regional steel prices continue to decline, single-weeks reduced by 20 yuan / ton, quotes, maintain 3,700 yuan / ton; Beijing last week, the regional steel prices continued to drop, the price is maintained at 3720 yuan / ton, quotes adjusted downwards by about 50 yuan / ton; Guangzhou area test a low steel prices, a single week down 100 yuan / ton, now offer maintenance at 3,900 yuan / ton. As of last Friday, the domestic quality products at two major markets, the average price of 25mm rebar at 3837 yuan / ton, down in the range of 28 yuan / ton; 6.5mm high speed wire the average price at 3871 yuan / ton, a decrease of about 32 RMB / ton. Overall, subject to demand continued to keep up, and the second half of new loans to reduce the impact of the national steel prices have been down for three weeks.
Steel prices businesses wait and see after the Spring Festival
Analysts believe that the recent steel price decline, its inflection point will appear in the Spring Festival. Before the Spring Festival because of various factories, construction sites were generally faced with the Spring Festival holiday, the domestic steel market demand will be significantly weaker. Festival by the central authorities to crack down on hoarding behavior of the impact of the domestic construction sites will usher in a wave of start of the boom, when the construction site of the substantial increase in demand for steel products.
Meanwhile, the international financial crisis, and gradually faded against the backdrop of the future economic situation will gradually stabilize and rise again, it seems the world's total in 2010 out of the impact from the financial crisis is increasingly clear that in 2010 the overall economic situation has improved in the international context , the market demand for steel products will be re-warmed up to the level before the outbreak of the financial crisis, and there will be a certain level of growth. Especially in China and other rapidly developing countries, due to huge infrastructure needs, increase their consumption of iron and steel products will be more apparent.
The expected order about this, as well as the impact of traditional Tozo habits, domestic steel prices prevailing in certain businesses as well as the inventory Xishou phenomenon, the domestic steel inventories in the near future so tired highs. As of January 29, according to HC steel net is known that 14 major cities, wire Inventory 908.4 thousand tons, compared with the previous increase of 87.5 thousand tons over the weekend; rebar inventories totaled 3.6101 million tons, compared with the previous a increase of 132.8 thousand tons over the weekend, an increase is indeed rather strong.
On the whole, although in 2010 the domestic and international steel prices are generally bullish market, but there are many challenges, mainly the overall economic rebound depends on the international level. Also, if steel prices as shoppers stockpile too much, resulting in sell-off after Chinese New Year behavior may also result in price increases for steel major setback. Then, in 2010 the overall economic situation of the international and domestic context of the gradual warming-up, the international and domestic challenges facing steel prices What? The future of iron and steel enterprises in the face of high raw material prices, this will take what action to resolve the cost pressure? As one of the main raw material for steel products, iron ore prices in 2010, turn what will be the ups and downs? For more detailed analysis, so stay tuned by the HC steel net, HC building materials to build a steel mesh and original information.
