Last week (July 23-July 27), the domestic steel market prices continue to fall, prices of most varieties decline in over one hundred. Uploaded some steel mills have cut production in the market, Hebei Iron and Steel Group in July after the introduction of the settlement price of construction steel, different varieties of prices in most areas, the varieties of the price decline is slowing, Shanghai, Beijing, Chengdu, Hangzhou and other places slight rebound in steel futures price for four straight days in Yang Xian. Such rebound is expected to continue until next week, next week of the domestic steel spot market prices rebound.
Construction steel: Last week, the domestic construction steel market prices continue sharp decline in individual districts decline to more than 200 yuan (t price, the same below). Last week around the prices compared with last week seemed to be somewhat complicated. First said the North China, the Beijing-Tianjin area prices last week basically won the champion of the national prices, the major influencing factors of two points. Last weekend, the last Monday in Tangshan region billet prices opened or plunged 170 yuan, is down 190 yuan last week, seriously affecting the market mentality is an important reason in the North China continue to plunge. Secondly, last week the Hebei Iron and Steel Group will introduce the July settlement price. Beijing-Tianjin region traders to obtain a more favorable settlement price from the operating means obvious bargain intent. The above two points, resulting in huge Beijing-Tianjin area price declines. Friday, Hebei Iron and Steel Group, the settlement price of construction steel in July introduction of the High Line for 3700 yuan, three plate, screw 3770 yuan, 3760 yuan two big spiral, three large spiral 3850 yuan. It is estimated that, on July 1-27, 2009, the average selling price of the high line of the Beijing area of ??about 3840 yuan, three plate, screw up to 3910 yuan or so, two big spiral of about 3910 yuan, three large spiral around 3990 yuan.
The average selling price of 140-150 yuan higher than the steel settlement price average, not remove the pre-backlog of inventory, the steel agreement households this month given resource, or profit. Most other regions last week, construction steel prices fell around 100 yuan, a small part last week to follow the city fell footsteps slow decline to 120-130 yuan. The price to kill the more ruthless of the Xi'an area last week, last week's price decline obviously slowed down, only 50 yuan.
Monitoring shows that as of July 27, 10 key cities in the Φ25mm two steel average price of 3652 yuan, compared with the same period last week fell 135 yuan, down 398 yuan over the same period the previous month; last week in Tianjin market price over the previous weeks over the same period plunged 240 yuan, Zhengzhou, Beijing market prices than last week, fell 190 yuan, Shenyang, down 160 yuan, Wuhan, Chengdu, Guangzhou, prices fell 100-130 yuan, Shanghai, Hangzhou, down 90 yuan, down 50 yuan, Xi'an. 10 key cities the Φ25mm three steel average price for last week over the same period fell 140 yuan to 3767 yuan, down 385 yuan over the same period the previous month; Tianjin, Beijing prices last week fell 250 yuan and 240 yuan respectively, compared with last week , Shenyang, Zhengzhou fell 160-170 yuan, Wuhan, Chengdu, fell 120-130 yuan, Shanghai, Hangzhou, Guangzhou, prices fell 90-100 yuan, down 50 yuan, Xi'an. Φ6.5mm high line the average price of 10 key cities last week over the same period fell 124 yuan to 3657 yuan, down 399 yuan over the same period the previous month; last week Tianjin market prices plunged 210 yuan, Beijing, Shenyang, Hangzhou, Zhengzhou market prices than last week, down 150-180, Wuhan, Guangzhou, Chengdu, fell 100-120 yuan last week, the largest decline in Shanghai, Xi'an last week showed a lesser decline, down 10-30 yuan.
Last week, although the continuous price fell sharply, but the market transactions around the situation is not bad; In addition, the recent market businesses ordering less, arrived, so little change in total inventory. According to statistics, as of July 27, in 29 key cities nationwide building steel community inventories reached 8.273 million tons the previous week and over the same period increased by 16.4 thousand tons, an increase of 0.2 percent, over the previous month by 1.34 percent over the same period, rather than the same period last year is still higher than 26.09%. From the cities, the northern-led city inventory of 640,100 tons, little changed; Tianjin inventory of 412,400 tons, 10,800 tons last week, down, down 2.55 percent. The Shenyang stocks of 600,000 tons, 20,000 tons less than last week, a decline of 3.23%. Southern-led urban Shanghai stock of 494,000 tons, little changed; Hangzhou inventory of 598,000 tons, down 0.3 million tons more than last week, a decline of 0.5%; Guangzhou inventory of 680,000 tons last week by 13,000 tons, an increase of 1.95%. Northeast inventories fell last week from the regional point of view, to 1.7%; North, East, Southwest stock has decreased, but the decline is less than 1%; Northwest increased by less than 1 percent, and South Africa significantly increase inventory, reaching 2.6%.
Changes in market mentality of the first reflected in the steel futures, electronic plate. Rebar futures last week, from Tuesday's four straight days, Yang Xian, electronic trading lines also appeared in three candle. As of last Friday, rebar 1301 contract prices to close at 3762 yuan, up 12 yuan was even greater than last Friday, last week, the lowest price of 3652 yuan, compared with last Friday closed down 98 yuan, the rebar futures recovered last week 110 yuan the lost ground. The high line of electronic trading Friday to close at 3635 yuan, compared with last Friday, fell 8, last week, the lowest price of 3550 yuan, electronic trading has also recovered the $ 80 lost ground. Steel futures rebound, rebound in electronics prices reflect market changes in the view of steel price trend, continuous sharp decline, some steel mills maintenance, a decrease of the action, the domestic construction steel spot market prices have also seen the hope of a rebound.
Other News:
The domestic steel prices decline only gradually rebound this week
NSK double row deep groove ball bearing friction and maintenance skills
Steel lift a new round of production cuts storm die hard steel market pessimism
Iron and steel enterprises: a clear understanding of the contradictions in compe
Costs down steel enterprise merger and reorganization are
Steel prices below the cost of short-term rebound in demand
New chess game of the steel trade
Spain to consider a comprehensive help the current economic downturn risky
