The current construction steel market was a bit confused, a few major market factors different to not synchronized, low volumes, but production is still at a high ore price is firm root. According to market reports, the Dragon Boat Festival near the end, the role of financial factors, part of the business risk of the low Paohuo increase.
According to the monitoring, the Shanghai construction steel prices have three weeks in a row sideways. T price of to Shanghai Zhipin two rebar on behalf of specifications in about 3950 yuan; to Shanghai Zhipin three rebar offer in about 4090 yuan per ton within a week, down 10 yuan. Some market participants view is that the Steel City has been plunged into a stalemate of supply and demand, and prices barely steady, the market turnover has continued to shrink, the transaction price no role in boosting the vitality of the market it is easy in this situation continues to lose .
Plate leading companies and architectural steel manufacturers, the judgment for the market outlook is hard to be optimistic. Following the Baosteel took the lead down in July ex-factory price, Wuhan Steel, Anshan Iron and Steel in the same direction to follow, t price reduction in the 130-300 yuan. At this point, the three major domestic steel prices are out of the down plate, foretelling the future period of time is not ideal market conditions.
The price adjustment frequency and amplitude of the construction steel manufacturers have become more cautious. However, the release of the steel production did not change much. According to the latest statistics of the China Steel Association, the key steel enterprises in early June crude steel average daily production late ring than another rise in steel mills in the production of "decent" and limiting the production of the phenomenon is rare, it is estimated that throughout the June average daily domestic crude steel production will remain at a high of about 2 million tons, which makes the contradiction between supply and demand of the market further exacerbated.
In the context of such a downturn in the steel city, the upper reaches of the mine price is still rising. This contrast can not be sustained for too long, just some very short-term factors at work. Including ore market in Hebei iron powder prices have been rising continuously, t price of the cumulative rate of increase has reached 40 yuan. According to analysis, this is because the actual production of the short-term part of the selected plant, the inventory of some steel mills in the relatively low, the local arrival of some fluctuations, several factors combine to produce this short-term phenomenon. Outside the ore prices have also continued to rise 63.5 percent grade Indian iron ore fines offer of about $ 140 per ton, up $ 3 a week. Miners reflected in India's rainy season, in low-grade iron ore fines in India is difficult to loading port, mining stock has decreased, sailing by comparison, the price of imported ore supporting role. But the majority of steel mills inquiry-based, the enthusiasm of the actual purchase is not high, only add up to a small spot.
Relevant analysts believe that the the Jiangnan many areas have moved into the rainy season, site transportation and construction will be affected to some extent, this reflected in the Steel City, it will cause a turnover continues to shrink. Went to the end of the month and the end of the half-year funding stage tense contradiction will appear on the transaction will be combined with a layer of inhibition. But in the short term, the steel city is still not subject to greater overall impact.
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