After heavy rain, the sky cleared, the price along with the temperatures after the rain picked up. The heavy rain destroyed the seedlings, the impact of the flood season crops to be extended to at least the autumn, but not very significant. However, in the competition for feed and steel, the weather variables played a role of the last of a straw: In July, the price of a pound of soybean meal to win over a pound of steel, agricultural products to catch up with industrial landmark moment came.
July, the steel experienced a fall in the latest round of the main building material varieties steel prices from 4100 yuan / ton dropped to 3700 yuan / ton, completed a second round of sell since April. August 3, on the rebar main contract 1301 minimum dropping as 3631 yuan / ton, the lowest in three years than in April of 4375 yuan / ton, slid 17 percent more than last year's high of 5238 fallen 31%. Three years, with the economy to stimulate the introduction of the policy and exit price of steel is like riding a roller coaster, and return to the starting point. The price of pig feed, soybean meal, due to the United States a severe drought, soaring, DCE main contract, 1301 August 1, up to 4048 yuan / ton, which is the second time in history more than 4000 yuan mark since July 2008 . Three years, the soybean meal prices have nearly doubled, no wonder the beginning of the year when the Wuhan Iron and Steel announced its entry into the pig farming industry, investors are laughing at them no good time to catch.
Only sell a pound of steel to 1.80 yuan to the markets goes without saying that the beans, garlic and other fine dishes, only better than the cabbage, radish and other common vegetables your point, which is difficult to explain economic phenomena is indeed a lot. The cost of steel, including the cost of iron smelting iron ore, steel-making coke costs, in addition to consumption and labor costs are easy to count out. Price of iron ore, three years ago, but $ 62 / t, and now rose to more than double; the price of coke, down 20 percent, compared to three years ago is still high prices; especially labor costs, the three-year are catching up with the payroll year after year rose. Pound of steel that contains the currency now than in the past, "Shen" more. The actual and true, according to the China Steel Association statistics, the end of July, the annual production capacity of greater than 10 million tons of steel rebar production costs about 3725 yuan / ton, higher than the current futures price. Under the current price, also the only small-scale steel mills a slight surplus. If you count the cost of storage and transportation, all steel loss.
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