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Domestic steel prices rose slightly expanded Imported ore price rising power lack

Since inventory pressure, the supply side expected strong contraction, coupled with the front end of the billet prices rose, domestic spot China Prepainted Galvanized Steel Sheet prices continue to rise, and extended gains slightly. Imported iron ore prices upward momentum is lacking.
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 101 points, a week rose 1.81%. Currently, the Black futures prices shot up after the fall, but tons of steel billet price has risen 100 yuan, 2350 yuan, affected, steel spot market prices continue to shock upstream. Many market participants believe that the steel market pressure on the stock is acceptable, coupled with strong supply-side contraction expected, steel mills have lifted the latest ex-factory price, promising the "Golden September and Silver October," the demand, the spot steel prices should be based on the strong side or in shock .
According to the analysis, in the construction steel market, prices rose to expand. In addition to Lanzhou market prices steady addition, the general rise in prices of other regions, including Changsha, Zhengzhou, Shijiazhuang market price or front. As can be seen from Shanghai and other markets, the price continued to rise, but the turnover is not smooth, little change in inventories.
In the plate market, prices are rising. Hot rolled coil prices continue to rise sharply, in addition to the Chongqing market price correction, prices in other regions tons week rose 40-120 yuan, Kunming, Lanzhou is the market rose 200 yuan. After prices rose, trading volume is relatively stable, but stocks in general are in a state of low consolidation, business mentality can still be. Plate prices continue to rise, Shanghai, Guangzhou, Beijing, Tianjin and other places t price week rose 20-80 yuan, Kunming is the market rose 140 yuan. Market characteristics are similar all over: No significant changes in supply and demand side, market transactions in general, low inventories and strong cost are the two main supporting factor.
Although the iron ore market when there are fluctuations, but the overall lack of upward momentum. According to the latest report of the relevant institutions in the domestic ore market, the domestic iron powder prices rose significantly, Hebei, Anhui iron powder prices hit a new high this year, but the overall volume is not, the market strong wait and see attitude. Since August, the price of imported ore price of around $ 60 a tonne sort, always lack of upward momentum. As of the 25th, Platts 62% grade imported ore index closed at 60.95 US dollars per ton, up $ 0.95 late last month. At present the main iron ore port stocks remain above 100 million tons, if limiting the production of steel around the implementation of the policy, together with foreign mining shipments increased after improved profitability, imported ore prices continue to break up the resistance is still large.
Analysis of relevant institutions, the domestic steel prices in July and August rose sharply traditional consumption season, largely due to intensive promoting the "capacity to go" policy, also overdraft September season the market is expected to a certain extent . Overall, the domestic steel market, "the long and short interleaving, fast switching steel Change" has become the norm, steel prices as a whole showed weak concussion.

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