The domestic steel: steel prices were mixed this week, the increase in trading volume, the West of the monitoring the Shanghai the terminal pileare purchases ring up 13.54%. Hot-rolled, cold rolled plate were down 0.1%, 0.4%, 0.4%, rebar, wire rod prices rose 0.3 percent, 0.2 percent. Futures: rebar futures ring wire futures rose by rose 0.5 percent, 2.8 percent. Non-oriented silicon steel prices fell 2.7 percent, the same price of grain oriented silicon steel, stainless steel price changes range from 0 to 0.5%.
International steel prices: This week the international steel market to remain weak. CRU international steel price index of 186.1, down 3.3 percent from the last week, last month fell 4.4 percent decline of 10.6 percent over the same period last year. Judgment on the whole, the short term, the international steel market continues to plumb.
Raw materials: this week Tangshan Coal Mine price unchanged, Indian ore prices rose by 0.7%. Singapore futures rose 2.4 percent and Singapore swaps rose 3.0 percent. Western Australia to Beilun port freight fell 5.9 percent, Brazil to Beilun port freight fell 1.7 percent. The same price of coke, pig iron, steel scrap fell 2.0%, 3.2%. This week, domestic iron ore market as a whole to maintain stable weak north and south of its performance is slightly different. Subject to resource constraints steel replenishment of northern market weakness this week has picked up slightly; under the supply and demand sides deadlocked, this week the South market as a whole remains weak stability.
Earnings trend: this week, the industry as a whole tonne of steel increase in gross profit. From the changes in cost, consider the stock, the decline in spot steel cost 9.4 yuan, intermediate steel decreased by 11.6 yuan steel long association of a decrease of 11.2 yuan. Spot steel tons gross margin ranges from -6.8 to 18.8 yuan, intermediate steel tons gross profit range of $ 2.3 to $ 28.0, the long association of steel tons gross margin range from -19.6 to 6.0 yuan. Steel rebar per tonne of steel Maori range from 18.8 to 21.0 yuan; hot-rolled tons gross margin range of 6.8 to 9.1 yuan. According to our calculations, the overall industry profits this week, low volatility, expected difficult to have a significant improvement in steel profits in the short term.
Inventory: This week, the National Society of steel stocks fell the week down 0.39 percent. Long steel stocks fell 1.12 percent; sheet stock rose 0.50 percent. Inventories rose 7.03 percent year-on-year view. Long steel stocks increased by 22.55%, while the sheet stock fell 7.24 percent. Cold-rolled stock rose 2.21 percent, the wire stock is up 22.55 percent year on year. The decline in hot-rolled stock The largest increase was in other parts of the East China this week, the reduction was smaller; national cold-rolled inventory growth continue to slow down this week.
Stock price and valuation: This week, the domestic steel stocks fell, the industry index fell 2.4 percent from the previous week, underperforming the Shanghai and Shenzhen 300 Index 4.1 percent. International Iron and Steel stocks we track 10 8 of the International Iron and Steel shares rise, the relative six underperforming the markets in which
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