May 24, the domestic continued declines endorsement. According to the market monitoring shows, the domestic main city Ф 25 mm level 3 rebar average price 4152 yuan (tons price, similarly hereinafter), than 23 fell 14 yuan; The domestic main city Ф 6.5 mm contour average price is 4078 yuan, more than 23 fell $13; The domestic main city 5.5 mm hot-rolled strip average price for 4191 yuan, more than 23 fell 16 yuan; The domestic main center city of cooling-plate 1.0 mm the average price is 5079 yuan, more than 23 fell 17 yuan; The domestic main city 20 mm plate average price is 4204 yuan, 23 fell 16 yuan.
The previous 1210 contract which main rebar 24 earlier in the 4015 yuan/ton opened in, then the price on a modest upward trend throughout the concussion, round-the-clock minimum 4003 yuan/ton, maximum 4028 yuan/ton, at 4026 yuan/ton in a previous day (23) settlement price rise 5 yuan/ton, clinch a deal the 655206, position of 921992 hand, minus 9890 hands.
Raw materials, tang shan area 150 * 150 primorac carbon billet 3520 yuan, and 23 flat; Tang shan area 65-66 grade acid dry base iron essence pink price 1100 yuan, and 23 flat; Tang shan area secondary metallurgy coke price 1860 yuan, and 23 flat.
Step to 24, I'm afraid who also didn't want to market will to such a situation, and is not busy season, off-season more light. Whether from the international level or domestic level, short-term change again to ground, and even longer time will last. Recent market on Greek "exit" of the euro area's anxiety mood more very, the Greek exit the impact to China also have deals with more, in all economic slowdown hat so wear, not let you happy does not love to. The bank has cut China's economic growth expectations, land flow rate increase and so on negative news took also haunted market. And steel industry closely related to manufacturing low potential cannot alter, the HSBC China manufacturing PMI may preview value of 48.7, for two months to minimum, whether the new orders index, new export orders index as well as the employment index are in atrophy situation, and at the same time, production index, cost inventory index were the expansion of the potential, this is not to say that is a signal of danger. But, in the economic downward pressure increase, start a batch of larger project by government policy agenda, railway, environmental protection, infrastructure construction by the national high attention, these and steel are closely contact the development of the industry will be on the market play a good, from the current railway commenced in the phenomenon to see have turned a good trend.
Market analysts pointed out that at present domestic iron ore market "under" steel market is not dispute. The current state of endorsement, on the one hand, the terminal of the demand, on the other hand, this is the attitude of the market. Recent good news on frequently, accumulate up effect, later should be endorsement of impact. But from the market clinch a deal to see, the market turn good estimate endorsement distance will be a long period of time, and if steel price continues to fall, so the iron ore market will continue to go weak.
On the other hand, though, spot iron ore trading platform for iron ore prices temporarily didn't go high starting pull function, but the final purpose of established platform is very clear, that is working to achieve national discourse. The steel association secretary-general ZhangChangFu points out, "platform will be the main source of data for the index". At the same time, we should point out is, China in hardware platform construction of temporary win, does not mean that the right of win, the distance and the ideal state of pricing right still very different, can say this only went the long march of the first step.
Moreover, at present, the establishment of platform is not mature, the domestic market still has many disarray, and that includes the weakness of the international market, as well as the domestic market turmoil, these need breakthrough and solve. The next few months are China's steel market off-season, if domestic steel price decline, so want to iron ore prices space also is not very big, trading platform or continue to send force difficult.
Taken together, the establishment of the spot iron ore trading platforms have already made China iron mining is the most important step, but is only step, the long march, iron ore traders are still a long way to go. But we also need to continue trading platform will always develop, and gradually also is expected to play the role of price monopoly broken abroad.
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