After
the Spring Festival, China steel market has big up-trend more than a week, part
of the market price sheet has achieved the highest rate of increase 30 usd /
ton. Compared with the majority of pre-holiday market, most market have ranged
7-23 usd/ton gains. But the steel market can’t be blindly rising, the demand
does not sync up, and the trigger price increases stimulate the steel mill’s
enthusiasm for recovery production. Also, it stimulates the iron ore and other
raw materials to the emergence of a higher increase. However, this is not
conducive to the development of the steel city itself, at the same time it increased
the supply and demand of steel late. This time, the market needs to think
rationally, how stable development, it is necessary to be able to accept by the
end demand, but also to push prices farther away longer, the industry does need
a consensus to work together.
Rebar
Building
materials price fell these two days, Most Chinese rebar market prices fell 1-3
usd/ton, basically the rest of the market in a steady state, farewell for up
trend.
Sheet
The
steel sheets market has been in up trend, Market in Shanghai, Tianjin, Taiyuan
area have been down 2-5 usd/ton, which is Taiyuan hot-rolled 4.75mm thickness
down 5 usd/ton. Medium plate in Taiyuan also falls, general plate and alloy
plate have been down 6 usd/ton. Apart from a few market in Shenyang, Changsha,
Chongqing and other rose slightly, the other markets has been largely restored
stability. From the spot market, is about to enter March, the domestic market
prices of building materials blocked, while the board automotive and appliance
industries, although in good shape after the holiday, but the cold plate as the
representative varieties Festival but did not appear as hot rolled, plate like
gains, relatively deserted. Machinery, shipbuilding is still no significant
increase in orders for the phenomenon.
Stainless
Steel
According
to market survey, it learned that 304 CRC resource after watching, some
businesses appear 7-15 decline. Overall resource stock is still relatively
abundant, larger businesses competitive pressures, competition for market
share, short-term price slightly under pressure.
From
the situation, the amount of steel after the Spring Festival to present the
actual resumption of production is small, daily iron water of 20,000 tons or
less. Steel mills Plan resumption of production of steel in more than 60,000
tons will be on beginning of March. Currently the average daily crude steel
production is still at the level of 2.1 million tons or less. But if the
situation is not conducive to the steel resumption of production, the situation
will be changed, eventually re-production will not change much. The key factor
in the market is still demand in this regard is the normal demand for the
release can meet the actual level in March; it also depends whether the end
user can accept the raised price after the Chinese New Year.
Overall,
steel prices through the Festival and continuously pull up after Festival, it
need to rest, and the price appropriate retracement is normal, of course, there
is not exist a condition for retracement, so there is no need to panic in the
market.
Want
to know more price change? Please contact me freely. China
National Building Materials Group Corporation is
the full name of CNBM,
which is one of the largest state-owned groups in China, and listed in the
Fortune 500 Enterprises. We are specialized in stainless steel product, steel
billethot rolled steel, cold rolled steel etc.
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