It is understood that the terms of the current steel market, the price of mainstream varieties fluctuated slightly decline in the cost of supporting efforts to continue to weaken, crude steel production is still high, the market demand is gradually slowing down, the social inventory of steel began to rise in steel prices will be formed from suppress, the signs showed that short-term market will continue decline slightly.
From the market survey, is expected to week (2012.7.2-7.6) domestic long products market prices will continue to rise slightly this sliding plate market prices will be stable with some fluctuations; market price of raw materials will be stable and slightly lower iron ore prices will remained stable, scrap, coke and steel billet prices will decline slightly.
The decline in steel market decline in species is a substantial increase in.
Domestic steel composite price index reached 160.8 points in 2012 26 weeks (6.25-6.29), Pericyclic than this, down 0.94%, this drop of 15.65 percent from a year earlier. Among them, the long products price index was 179.9 points, down 0.77 percent the pericyclic than this, this drop of 17.31 percent from a year earlier; plate price index was 137.9 points, down 1.22% the pericyclic than this, over the same period last year, down 12.90 percent.
Main varieties of steel market prices in some areas of the market monitoring of the price data of 17 categories, 33 varieties of specifications: 2012 26 weeks (6.25-6.29) fell slightly compared with last week, rising decrease in the number, flat number reduced, a substantial increase in this fall varieties. Two varieties of rose less than last week, seven kinds; 14 kinds of flat, less than last week, four kinds; 17 varieties this fall, an increase of 11 more than last week.
Domestic iron and steel raw materials markets were mixed, coke and iron ore market price remained stable, the scrap market prices of 20 yuan, the billet market prices are down 20 yuan.
At present, the National Society of steel inventory in the 17 weeks in a row this drop begins to rise, including building materials stocks turned up by the fall, sheet stock rose slightly faster rate.
Weaker market for iron ore price increase in late pessimism
Iron ore sources from the point of view, Australia's mine increment is most obvious from the previous week increased by 880,000 tons, the ore in India increased by 11 million tons, a decline of 400,000 tons while the Brazilian mining. The three main sources of a total increase of 590,000 tons, the proportion of stock accounted for the total inventory for four consecutive weeks decreased, and the first time in five weeks to less than 78%.
As of June 29, 2012, the country's 30 major ports in the total iron ore stockpiles at 96.81 million tons, an increase of 950,000 tons the previous week, the total inventory of seven weeks in a row in less than 97 million tons. Compared with the same period last year,the total inventories rose 3.64 million tons.
After preliminary prices, demand for steel replenishment attenuation, coupled with the decline in steel market does not change, the imported ore price shocks lower last week. China Steel Association data show that average daily production of domestic crude steel in mid-June to 1.9705 million tons, decreased by 1.4%, domestic steel production contracted, the strength of iron ore demand weakened. With steel prices continued to drop, coupled with the June PMI data continue down trend, short-term demand of iron ore may be weaker, is not conducive to the consumption of port stocks. On the other hand, the major ore supplier's tender mine last week, significantly reduced, significantly reduce the Indian mine due to the rainy season shipments, last week after the second half of Brazil together with the mines of Australia, the mainstream mine tender is also an abrupt end. The late rise in inventories space is relatively limited.
Price weakening, the pessimism of the market of the late increased significantly, the survey showed significant increase in the proportion of the market bearish this week from the previous 25% to 86%, only 1% bullish.
Billet supply and demand less price or will continue dropping slightly
Since early June, with the economic fine-tuning policies have been introduced, the billet manufacturers confidence in the steel market has been enhanced; at the same time the leading city of Tangshan billet supply declined, so the billet market the opportunity to rebound in the stock market of a wave. But did not last long, due to the unstable state of mind of the billet poor end demand and downstream manufacturers, it can not store blanks, so then the price of a slight correction of the stock market.
At present, the billet supply and demand than less market the pessimism growth concentrated in the case of poor stock market, futures and the environment at home and abroad, and their prices will emerge to continue dropping slightly the market.
The continuous decline of the stock market since mid-April, Tangshan billet market, the market pessimism is strong, traders have low Paohuo, minimizing the hands of the inventory. At the same time, with the decline in billet prices, steel profits decreased, and a loss state, some steel mills in order to reduce losses, increase the yield of finished products, thereby reducing sales of billets, individual steel blast furnace overhaul June, billets, supply has decreased.
With the introduction of fine-tuning policy, some preliminary repair roll manufacturers gradually resume production, leading to the billet increased demand on the market billet stock resources are limited, so manufacturers the opportunity to pull up the billet offer.
Billet prices, market demand does not continue to release, so then the billet prices showed a slight correction situation.
Tangshan steel billet market supply and demand than less, and Shangqie balance between supply and demand.
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