High steel prices and demand the cost of flying where – Steel investment, the pr
In the last week, domestic steel prices still fame. Since entering in April, the domestic steel prices have been rising rapidly, the middle had no living breathing feet. While it is running at a high level, but in a press interview, the industry agreed that the future of steel prices still have upside.
Trot China Steel Association on June 18 released a report, in May, due to strong demand in the domestic market, steel prices continue to steadily rising trend. 5 At the end of the domestic composite steel price index for the 156.86 points, up 7.09% chain, rose 38.40 percent.
At the same time, a comprehensive domestic market quotes of major figures, as of the end of May, the domestic steel market 6.5mm High Line Price is about 5942 yuan / ton, up 1,465 yuan over the beginning; 20mm Rebar Price of 5645 yuan / ton, up 1,192 yuan over the beginning; 20mm P Plate Price of 6494 yuan / tons, up 1,425 yuan over the beginning; 6.0mm hot rolled price of 5,821 yuan / tons, up 1,117 yuan over the beginning; 1mm Cold plate Price of 6944 yuan / ton, up 1,483 yuan over the beginning.
"2008 years, the domestic steel market prices in general rose sharply. Most varieties of steel market prices are record high." Metallurgical Council of CCPIT, director Meng Jianbin told reporters.
For the skyrocketing steel prices, steel industry, chief analyst at CITIC Securities by that Greek Week, which is a certain reason, "long steel prices deviate from their value at present prices rose just restorative. Domestic and international gains not half the increase, rising steel prices at this stage only the prices of the past 10 years, compensatory growth. "
In fact, the China Steel Association is also aware of this. As early as January 30 this year, Japan Steel Association held in 2008 for the first time industry information conference, China Steel Association on the forecast, in 2008 China's steel prices will continue to rise.
That time, Qi Xiangdong, deputy secretary general of the China Steel Association in an interview with reporters, also stressed that, due to big price differences between markets steel and high steel prices cost of long-term living, coupled with strong domestic steel consumption, so in 2008, steel high prices will continue to run.
Multivariate force For steel prices continued rising, the industry generally felt that the main driving force behind the rising cost, which includes iron ore and coke prices.
6 22nd, with foreign news agencies, two mining giants Rio Tinto, BHP Billiton and Chinese steel companies required customers to accept later than next Monday Iron ore price Of the most significant increases, or supply disruptions from Australia. According to reports, the two mining companies require annual iron ore prices increased 85-95%. The only earlier this year, according to 65% of the price increases would be calculated, the cost per tonne in 2008 to increase the steel industry have reached 783-824 per.
At the same time, on June 20 oil price began rising steel prices also gave impetus. According to the steel industry IT body MYSTEEL Wang Jianhua, deputy director of Research Center estimates that oil prices rise, the entire steel industry in the second half to increase the cost of about 18.1 billion yuan, the average cost increase of 67 yuan per tonne; due to price increases, under the iron and steel industry about six months to increase the cost of 1.69 billion yuan, the average cost increase of 6.25 yuan per tonne. The two together, the second half of the average cost per tonne increased by 80 yuan, an increase of some enterprises, the cost per tonne of steel may reach 100 yuan.
Addition to iron ore prices, electricity, oil prices will bring greater costs in steel prices, prices of factors of coke can not be ignored.
Current domestic coke resources are very scarce, has reached more than 2000 yuan / ton. Coke from China Association data show that the national coal output in 2007 grew by only 8.2%, but the steel industry's demand for coking coal has increased by 16%.
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