Recent data shows, State five rules
promulgated led to relatively large fluctuations in the steel market, traders
depressed mood, the market purchases enthusiasm weakened, closing the
atmosphere is poor. Construction steel sheet products have appeared slipped
sensitive hot rolled steel price decline.
Generally speaking, Domestic major cities
Ф25mm three rebar average price of 3849 yuan (t price, the same below),
compared to 4 or 6 yuan; the domestic key cities Ф6.5mm high line an average
price of 3,718 yuan, compared with $ 4 or 4; domestic prioritiescity 5.5mm
average price of hot rolled coil is 4013 yuan, down
37 yuan over the 4th; 1.0mm cold plate of the domestic focus of the central
city average price of 4,939 yuan, compared with the 4th down 6 million; the
domestic key cities 20mm plate average price3953 yuan, compared with 4 or $ 18.
China's GDP growth target this year as well
as the increase in CPI of view, stable growth, control inflation is a main
tone, means in the context of the loose global liquidity, China's
policy-oriented under the premise of stable growth to prevent inflation rise
will not sacrifice everything in order to maintain growth. Then for the steel
market, in in financial effect amplification push up the price of rising
channel, but also consider the needs of the Chinese entity performance, pull
the power in the market is affected by the cost factor in the case of rapid
increase in inventory, demand starts slow, weak people in the short term, steel
prices has yet to reverse the signs of elevation. But the demands of the market
holding stability has been strengthened, the steel city today is expected to
gradually stabilize.
Factors affecting the domestic construction
steel market, mainly the following aspects:
One is the leading steel mills steady
mainly. The domestic steel prices shocks down, not many steel mills to adjust
to the ex-factory price. Hebei Iron and Steel, Shougang Changzhi guide price of
early March raised by 100 yuan / ton, while the East China Shagang rebar prices
flat in early March, the whole month of February making it up 100 yuan / ton.
Overall, domestic steel prices and market prices generally upside down, but at
the cost pressure of circumstances, steel mills offer more to maintain strong
price making it up are more limited.
The second is the majority of the raw
material prices down. According to the monitoring data show that as of March 1,
the Tangshan area carbon billet price of 3250 yuan / ton, down from Friday 50
yuan / ton; Jiangsu Province scrap price of 2900 yuan / ton, unchanged from
Friday; Shanxi coke price 1470 yuan / ton, unchanged from Friday; taste dry Tangshan
area, 66% iron ore price of 1170 yuan / ton, down from Friday 20 yuan / ton. At
the same time, the external disk offer grade 63.5% Indian iron ore fines of $
152.75 / ton 2.75 U.S. dollars / ton, down from Friday.
Third postganglionic steel stocks continue
Masukura. According to the monitoring data show that as of March 1, the major
varieties of steel inventory total of 21,583,600 tons, weekly chain Masukura
6.78% inventory increase has slowed compared to the previous two weeks, the
downstream demand this week must start signs. Now, the total social stock has
the same caliber of year-on-year increase in more than 1 million tons, and has
hit a record high level of general annual inventory and more experience
Masukura 4-6 weeks and then transferred to the downstream channel, so late The
destocking task is arduous.
Of course, China policies will make some affect
on China steel market, especially, steel prices will be affected. And according
to internal prices of steel, the China steel prices will have a
proper level.
