Zhejiang nerve affects the iron ore negotiations with Zhejiang enterprises grew
HC Valve Network: China Steel Industry Association has a statement saying the international iron ore price negotiations for 2009 are the traditional rules of normal conduct in the negotiations. Yesterday, vacation in Malaysia, general manager of Zhejiang Cheng Chen Liang fruit materials, iron ore negotiations closely every move.
Steel prices forced traders to adjust positions slightly callback
"Ex-factory price had been raised, there has been some price inversion. Get a group of 16 ~ 25mm in steel, fixed ex-factory price 4580 yuan / ton, the current market price but only more than 4200 yuan / ton up." Zhejiang Cheng Guo Liang Chen, general manager of material expressed frustration, see-saw in the case of the negotiations, the trend towards early speculation weak spot prices start to correct.
He told reporters that since late April, some pre-purchase of high risk traders may face a loss. And he has started from April 20 the stock down to 1,000 tons or so.
"This two-day profile of the spot price at 4,300 yuan / ton, than the previous high of more than 4500 yuan / ton has fallen by 200 yuan / ton." Hangzhou Ming-Lung Hu, general manager of materials similar to the position recently had a little adjustment. He said the pre-market prices for iron ore has been brought up to a certain extent the cost of digestion, is unlikely rose fell.
Also within the analyst said that some recent small steel mills have reduced prices, but the expected large reduction in steel is not strong. Regulation of the real estate market in the country under the premise of the downstream demand is not conducive to shipping, high inventories may be part of normal stock trading. "May the second half, prices may still have a certain down to, can have the appropriate transfer positions."
Show little effect on downstream costs of good hard cash
"Refrigerator box shell is mainly produced using cold rolled sheet, although prices have come down recently, but did not directly drive down our cost of production." Hangzhou Huari Refrigerator Co., Ltd. Deputy General Manager Mr. Sun said , while prices fell for the Home Appliances Business is good news, but the price transmission process takes time. At the same time, household electrical appliance enterprises can not fall in the price of large reserves of steel. Jack Holding Group Chairman Ruanfu De
also said that steel prices will not drop the same day brought a lot of good production, "Steel drop in price a 1, 200 pairs of production costs, relative to the prices of many slow . "He said that manufacturers also have their own stock, after a correction in prices can not quickly make a purchase or increase the stock response.
"Main force of the current futures contract prices have been close to the bottom of the correction, the driving force of rising iron ore has begun to weaken, but the recent steel-making raw materials, coke, and other relatively strong growth momentum. May is the peak of steel, high purchase traders may consider continuing positions, while steel demand in the larger companies can appropriate in materials. "Zhejiang Wing steel futures, analysts said.
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