After soaring steel prices plummeted by some prodding – appliance steel, Baosteel – HC network appliance industry-hc360
Steel
Industry has opened a "roller coaster", but also a " " experience: in steel prices rising for 16 weeks, soaring price of 300 yuan day t like "irrational behavior", the price large leaks, traders "panic" phenomenon shipped again. In the last week, the biggest weekly decline in price of steel tons to 600 yuan, some varieties of steel prices "hit back to the beginning of pre-boom prototype."
And steel corresponds to the sharp pullback, continued to maintain "strong" iron ore spot prices have emerged "a long absence," the sign of loosening, the mine price fell slightly, closing light. Market participants said that steel prices "soaring" useless, or the real needs of the ultimate role. Urgent domestic steel industry to establish a "true demand-driven system."
"Soaring" after "the plunge"
Since entering in August, just two weeks time, if the domestic steel market experienced a "extreme convective weather", all of a sudden "day as the night": the last week or the spot market, steel mills, each have implications for futures market , pushing up the situation; next week already become "the futures price has fallen sharply, stock prices 'stumble' endlessly, steel mills cautious price adjustment" of the situation.
IT organizations, according to well-known steel "My iron and steel" to the latest market report, concluded last week, domestic steel prices rising for 16 weeks in the market, prices Pudie, week decline of up to 500 yuan per ton to 600. The major steel market specific varieties of movements are: construction steel prices drop, including tons of price decline in more than 400 yuan in the city 4; plate decreases relatively narrow, tons of general price fell from 100 to 200 yuan; cold and hot Product price drop tons of general also reached 300 yuan; the smallest decline of medium-sized material, t the average price fell 30 yuan.
According to analysis, the overall construction steel prices fell sharply, the country within one week about 60 rebar wire manufacturers adjusted the prices, nearly half of them cut the prices last week, "one-sided" and break up pattern. While rapid decline in market prices, market transactions poor condition, some steel mills, "to restore and protect the price policy," pre-digest the accumulation of this stock. From all over the whole situation, the current consumption of construction steel market, the incremental demand has been basically at a "standstill period", but supply will continue to grow, the middle part alone of "stacking" has been difficult to prop up prices, the next step will be correction based.
Plate prices also fell sharply overall, more than a week a total of eight issued a new plate steel prices, prices of basic to mid-second-line steel flat fixed-based. Hot rolled coil prices fell, rolled prices fast "follow up" on cold rolled steel major mainstream products, while ex-factory price "inertia up", but it is difficult to reverse the test a low spot market price, traders sense of strong shipping to boost market prices. According to "My iron and steel" on a sample of steel mills and traders that the market outlook, rebar and hot rolled coil prices to drop channels Office consolidation and accounting for 87-96%.
"To go along with the demand for real"
Objectively, since the second quarter of this year, steel prices rose, there is a "true demand" support, and there is a reasonable factor. However, once the real needs, "Zoom" to "leverage" of thinking to the operation of this kind of steel trade in the spot markets, real demand will be "ambiguous" and can only fall through the boom or to adjust.
Most of the steel industry believe that the market does really feel the "final demand pick up." Baosteel
Sell
Department sources said
Car
The steel industry needs "probably will not have any big year the question."
Home Appliances
Steel demand is also warmer, especially
Washing machine
,
Flat Panel TV
, Refrigerators and other products, production capacity utilization rates are increasing, this tended to increase with the real estate industry on the role of home appliances is directly related to the pulling. Wind power,
Oil
Reserves and other energy-related construction projects are started, the production of construction machinery, "are up", especially the "frozen" for a period of shipbuilding industry also began to be recovered from in July. All of the steel market has played a supporting role.
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