Overnight outside the disk commodities generally rose, but on the 28th decline in the domestic steel market but has been enlarged. Such as rebar and wire rod construction steel fell a further increase in the number of cities, and the decrease in amplification. Hot rolled coil and cold rolled coils still continues to decline. Shanghai, Guangzhou and Beijing dominate the market steel prices generally fell, the demand is low, the financial strain is still the main reason for the downward price. Increased around the low-cost resources, it is still difficult to drive sales to increase. Afternoon billet prices fell 10 yuan / ton, and post-market price is still not optimistic.
Monitoring shows that the average price fell on the 28th in 25 major markets rebar. HRB335 12MM rebar average price of 4288 yuan / ton, compared with the previous day's price decreased by 9 yuan / ton, Fuzhou, Lanzhou market fell 30 yuan / ton. HRB335 20MM rebar average price of 4096 yuan / ton, compared with the previous day's price fell 8 yuan / ton, Fuzhou market fell 30 yuan / ton. HRB400 20MM rebar average price of 4214 yuan / ton, compared with the previous day's price fell 11 yuan / ton, Fuzhou, Zhengzhou, Lanzhou, the market fell 30 yuan / ton.
From the point of view of the current market trend of steel prices, the downward channel is far from closed, ore prices continue to pull up the lack of atmosphere; plus steel for nearly two months has been to maintain on-demand procurement plan, the collective intention to suppress the iron ore market is more obvious.
According to customs statistics, January-May, China's iron ore imports of 308.22 million tons, an increase of 9 percent, while growth in iron ore imports, import prices continued a downward trend, 1-May average import price of iron ore per tons of $ 138.4, down 13.9 percent.
In the the COSCO period, the price of iron ore down the space. Late iron ore upward momentum may also focus on the steel price ups and downs. Always unstable because steel prices have not seen stabilizing signs, steel must be possible to suppress the purchase price of ore, ore prices do not increase even if the offer stability maintenance, the volume will not be too ideal. "
The industry believes that the steel mills iron ore inventory was significantly lower than the same period last year, once the market situation improved replenishment demand may drive the price of imported ore rose slightly.
Largely in terms of the development curve and steel prices, the development curve of the iron ore is the basic agreement. "The industry believes that the short term, imported ore market as a whole will still be running smoothly.
Steel prices, iron ore, the gains will be more violent, have formed a vicious circle. Zhang Lin analysis, said: "steel prices, steel mills will increase production, ore purchases of natural increase, combined with mine quote artificially high, so a vicious circle difficult to break, the most painful, steel prices fell to or below the cost of steel line, the ore from the cost line of a lot of space, mainly because of our dependence on imported iron ore. "
The current global economic slowdown, downturn in the global steel mills, producers greatly reduce costs, ore prices will not rise alone. "So, the ups and downs of the steel prices and ore price has continued the consistent direction or different. In general, the first mover in steel prices, the ore price then, but three or four quarters up is down, is still difficult to judge." An industry source said.
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