Source: Yiwu sourcing agent Author: Date: 2009-12-02
Two days ago, Sha Steel issued a construction steel prices in early December, will rebar prices by 50 yuan / ton. Steel market in Yiwu, from mid-October, all kinds of general rebound in steel prices a few hundred dollars per ton. However, the reporter learned that the basic iron and steel products in the "has a price-free city" status, the market volume was light.
Analysts believe that demand has not yet picked up the case, the steel prices are still steadily on the one hand is subject to cost-push, partly because businesses generally optimistic about the future direction of steel do not want cheap salesman who cheapens the spot.
A few hundred dollars per ton of steel prices rebound
In mid-October fell to the bottom of this year, after the end of all kinds of construction steel prices rebound. Reporter learned yesterday from the capital goods market, Yiwu, there are steel prices weathervane known as rebar spot price of 3,400 yuan / ton ~ 3600 yuan / ton between the price of over 10 mid-rise three or four hundred million tons.
"In the past month and a half, steel prices have been rising slightly." Shun Shing Chen Xiaoyong mainly engaged in building materials firm manager of Baosteel, sand rebar steel production, he said that this year rebar spot price has experienced a spike. The beginning of steel is about 3,000 yuan / ton in April from steel market has bottomed out and start a new one up. Early in July rose to 3,800 yuan / ton, but rising steel prices did not stop the momentum. 7 mid to late, up quicker. To early August, rebar prices have approached 5,000 tons / ton, a record high this year. However, the steel market conditions change rapidly. Rebar price then turned Mashimo, down one or two hundred a day. To mid-October, dropped back 3,000 yuan / tons. In late October, slowly rebound.
"3600 yuan / ton price has continued for more than 10 days had." Says Chen Xiaoyong, steel spot prices influenced by the futures prices, as operators, he hoped that steel prices will stabilize.
In addition to rebar, the channel steel, square tube, angle and other sections have a certain degree of price rise. Among them, channel steel prices from 3800 yuan / ton rose to 4,200 yuan / ton; color-coated steel prices from 5000 yuan / ton rose to 5,500 yuan / ton.
Business needs of households that are not picked up
It is understood that the means of production to the Yiwu market to buy a considerable portion of the customers of steel for construction contractors, one-time buyers purchase up to dozens of the 100 tons of steel capacity. However, "this year's major clients from the construction site are not many." Told reporters that a family steel business, and now come to the store to buy steel, mostly small individual investors, purchases can be set under a Liuzhou Wuling.
"Customer few sales of only 12 tons a day." Anti-material operations Sales Technical responsible person said, in buying up not to buy down, a slight rebound in steel prices do not attract customers.
Long steel products in Yiwu force businesses, 6m diameter and 16cm long galvanized steel pipe specifications, prices from 184 yuan / root raised to 189 yuan / root. Sales director of the firm, Mr. Zhou also reflect the same market, steel prices rise, business as usual. Clients do not be filed, and no less go.
Steel distribution business for many years a household analysis of the current round of steel price rally is not driven by rising demand. Steel end-market demand is currently light, inventory digestion is limited, dealers generally bad shipment.
However, it is a relatively stable steel prices to merchants who ate a reassurance. "Do spot business, the most important thing is price stability." Xiao-Yong Chen said, the spot unlike futures, if you encounter crash, like flesh, but not necessarily be able to find buyers.
Optimistic about next year's steel Quotes
One will buy it, why steel prices rise, and can be strong to live? Who is the director of the steel market, the ups and downs?
Long been concerned about the trend of the Chinese University of steel futures, Yiwu Sales Department metals futures analyst Wang Peng Zhen believes that steel rebounded mainly by two effects, namely, cost-push and investor expectations for the future good.
November 20 from the national electricity prices per kilowatt-hour non-residents (degrees) an average of 0.028 yuan of money, oil and other commodity prices and iron ore may be further price hikes have contributed to the rise in steel production costs. However, for now, investors in the first half of next year's optimism steel Quotes steel pick-up mentality is the main reason. Wang Peng Zhen said the State Department to curb excess steel production capacity is expected in the near future through the program, when a large number of small and medium steel mills may be shut down, inventory reduction, steel prices may be higher. In addition, market watchers are optimistic about the first half of next year, pick up the real estate industry, real estate, and manufacturing began to flourish and to resume production, and national large-scale infrastructure, the objective will be to stimulate increased demand for steel products.
In the futures market, rebar 1005 futures (ie in May 2010 maturity) October 12 fell to the lowest point of 3843, after the steady rise, to close at 4377 points yesterday. "Next year is expected to be climbed 5,000 points in the first half." Peng Zhen said the interaction between spot and futures, which is one reason why the spot price rose steadily.
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