Domestic steel prices higher volatility
Since the China Prepainted Galvalume Steel sheet
futures market volatility, fluctuations than domestic spot steel prices also will rise overall in shock. When the iron ore market has ups and downs, but the overall trend was weak fluctuations.
According to the latest market report well-known steel information organizations "My iron and steel" to provide the latest week, the domestic spot steel price index closed at 95.67 points, a week rose 1.15%. Currently, the Black futures prices rose fell trend now, tons of steel billet price has risen to 2120 yuan price. With the spot price of steel market and the futures market volatility, the overall rise in the shock.
Right now, in North China's steel production has been rising. Affected by environmental factors, only individual regions of Jiangsu mills resume production in east China's steel production is still suppressed. However, due to the current domestic steel mills nearly as profitable, the late national steel blast furnace capacity utilization is likely to continue to rise.
In the construction steel market, overall prices showed a rising trend. Shanghai, Hangzhou, Jinan and other places t price week rose 10-110 yuan, only some places Nanning, Beijing, Guiyang, prices fell slightly. You can see in the Jinan market, spot steel prices rose significantly, mainly due to mill maintenance, the market impact of the scarcity of resources, coupled with billet futures prices briefly pull up sharply to form a "boost" effect. However, close to the weekend, the market traded weaker, prices are consolidating in somewhat weaker.
On the plate market, prices generally rise. Hot rolled coil prices rose slightly, Shanghai, Beijing, Tianjin, Nanchang and other places t price week rose 10-90 yuan, only the price of Hangzhou market fell slightly. From many can be observed phenomenon: while prices are rising, but the demand is not sufficient in the case, the high turnover of fatigue.
Plate prices rose slightly, Shanghai, Nanjing, Guangzhou and other places t price week rose 10-70 yuan, only Zhengzhou, Shijiazhuang, Kunming, prices fell in some places. In futures, the impact of a stronger billet prices, the most active on the merchant market pull up, but poor market transactions. Some stock market is still at a low level, the market price can still maintain correction operation.
Iron ore market volatility overall trend was consolidation. According to the agency's latest report on domestic ore market, Hebei iron powder prices rose slightly. Current profit margins steel, iron ore procurement more positive, and the high-grade iron ore resources are relatively tight, high-grade iron concentrate resources is even more scarce, in order not to affect the normal production of iron powder mills purchase quotations are raised. Imported ore price is down after the first rise. As of 4 May, related to 62% grade iron ore index closed at 59.7 US dollars per ton, down $ 0.2 week. At present, the overall profitability of domestic steel mills better, blast furnace overall operating rate remains high, the price of imported iron ore price will be around $ 60 a tonne price sort.
Analysis of relevant institutions that the recent domestic steel market supply and demand relatively flat performance, the price is mainly influenced by macro and industry news rather small frequent ups and downs. Overall, the implementation of domestic coal to steel production policy is constantly strengthening domestic steel market is still expected to remain volatile in the short term trend higher.