Fell 2.33 percent! "Steel traders exclaimed," steel prices in the end when it bottomed out? "In consecutive weeks after the crash, the rebar futures plunged 2.33 percent yesterday intraday. Review since July, per ton of steel futures has fallen by 400 yuan, about 10%. Continuous fall, market confidence has fallen to the limit. Agency analysts believe that steel prices will continue to dip in the short term.
Last week ? 7 16 - July the 20th, the domestic steel market prices continue to maintain a downward trend, and in the case of the mentality of the overall market continues to deteriorate, the price declines continue to expand, all varieties of the price fell sharply, only cold-rolled The overall decline in the prices of the coils over a hundred.
Market mentality of the poor makes the price of the overall market once again entered a decline, and the market mentality has reached a degree of panic, futures prices fell again and again, the spot market, regardless of the cost of selling dumped goods, the spot price will fall hard.
Accumulated nearly four months of bad attitude, and finally reached a peak last week, crazy sale, local market business at virtually no cost to cut prices several times a day. Now fell away, has nothing to do with the market volume, market business mentality to play a leading role ", the Nishimoto Shinkansen analyst, said," the external market and the steel market, lead to a greater pressure on domestic steel market slump , the steel industry itself, the main problem is that a prolonged slump in the collapse of the market mentality. "
Inventory statistics show that 29 major city building steel community inventory as of July 20, reached 8.2566 million tons, 51,600 tons less than last week over the same period, a decline of 0.62 percent, the previous month by 1.36 percent over the same period, rather than the same period last year is still higher than 24.66%.
Analysis that can save the steel industry, one of national policy, the introduction of large-scale investment plans, the two steel mills cut. Other factors that are difficult to have a substantial role in the current steel market.
The current leaders of the country, the Politburo Standing Committee who is active in around research, the Central Economic Work Conference soon to be held in the years to collect information, advice, is likely to be held next week the central years of the economic work conference, I do not know whether the introduction of a strong policy to prevent the rapid decline in economic growth.
In addition, steel production is still no movement. Steel Association announced in early July, the average daily crude steel output reached 1.95 million tons, is still maintained at high level. The domestic steel prices last week, this week, the rapid decline in the price level has been substantially lower than the large state-owned steel mill cost price.
About 3650 yuan in Beijing and Tianjin factory wire, Handan of the steel plate ex-factory price 3600 yuan, this price level is slightly lower than the manufacturers cost of production line, but the current steel production is still Maori, production is still marginal benefit of private enterprise production momentum is still not strong.
To rate the prices down to 100-150 space, time, about two weeks, small and medium private steel production surge is likely to come, when the price is expected to bottomed out, and even rebound.
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