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Stock record 10 months new high steel prices pressure
Release date: 2017-08-15 16:11:17 Number of visits: 1040
China Iron and Steel Industry Association, the latest statistics show that the current major cities in five major steel market social stock has been approaching 20 million tons, up 27.49%. Substantial increase in inventory for the steel market trend has brought heavy pressure.
Statistics show that by the end of January, the main market of five major steel social stock of 15.6 million tons, the chain rose 2.09 million tons, an increase of 15.45%. By February 14, the data rose further to 19.8 million tons, an increase of 4.29 million tons, an increase of 27.49%.
In the case of steel demand has not yet fully started, the inventory significantly increased pressure on the trend of steel prices, steel prices clearly under great pressure. Statistics show that last week in the steel CSPI steel composite price index was 97.33 points, fell to May 2009 since the lowest point.
The price of major steel varieties have declined. At the end of January, the China Iron and Steel Industry Association to monitor the eight varieties of steel, long material decline is relatively large, high line, rebar prices were down 84 yuan / ton and 106 yuan / ton; angle prices by flat down, down 13 yuan / T; hot rolled sheet prices rose from the rise, plate, hot rolled coil prices were down 40 yuan / ton and 43 yuan / ton; cold rolled sheet, galvanized sheet and seamless steel pipe prices continue to fall, but The decline has narrowed from last month, respectively, down 25 yuan / ton, 21 yuan / ton and 21 yuan / ton.
Steel prices continued downward, the market traders expected to have basically fell to the bottom, the latter further down the space is not big, hoard goods concept rise, resulting in a rapid increase in steel social stock. But the steel sales prices continue to decline, is breaking this fantasy, because the market is still oversupply situation, and the cost of declining, for the decline in steel prices still have to further promote the role. Statistics show that in January China''s imports of iron ore 86.83 million tons, an increase of 33.03%, an increase of 18.33%, the highest level in history. Imports of iron ore port stocks also rose sharply, once again reached 100 million tons, the chain increased by 10.72%. As the amount of imported iron ore far more than domestic steel production needs of steel, late imports of iron ore prices there is a certain decline in space.
In addition, China Steel Association believes that iron and steel enterprises and steel business funds tight, restricting the steel market rebound. As the state to increase the management of overcapacity efforts, the banking system generally on the iron and steel enterprises to give strict control of loans, steel trade is the focus of bank monitoring. Later, iron and steel enterprises will still face difficulties in financing enterprises, the difficulty of high financing costs, the steel market will have an impact on the recovery.
China Steel Association pointed out that with the warmer weather, the domestic market demand for steel will gradually start. As the economic development is still downward pressure, steel demand growth slowed; the steel industry to resolve excess capacity will continue to advance, but the short term is still difficult to reverse the market oversupply situation. Late market steel prices will continue to fluctuate trend.
Statistics show that by the end of January, the main market of five major steel social stock of 15.6 million tons, the chain rose 2.09 million tons, an increase of 15.45%. By February 14, the data rose further to 19.8 million tons, an increase of 4.29 million tons, an increase of 27.49%.
In the case of steel demand has not yet fully started, the inventory significantly increased pressure on the trend of steel prices, steel prices clearly under great pressure. Statistics show that last week in the steel CSPI steel composite price index was 97.33 points, fell to May 2009 since the lowest point.
The price of major steel varieties have declined. At the end of January, the China Iron and Steel Industry Association to monitor the eight varieties of steel, long material decline is relatively large, high line, rebar prices were down 84 yuan / ton and 106 yuan / ton; angle prices by flat down, down 13 yuan / T; hot rolled sheet prices rose from the rise, plate, hot rolled coil prices were down 40 yuan / ton and 43 yuan / ton; cold rolled sheet, galvanized sheet and seamless steel pipe prices continue to fall, but The decline has narrowed from last month, respectively, down 25 yuan / ton, 21 yuan / ton and 21 yuan / ton.
Steel prices continued downward, the market traders expected to have basically fell to the bottom, the latter further down the space is not big, hoard goods concept rise, resulting in a rapid increase in steel social stock. But the steel sales prices continue to decline, is breaking this fantasy, because the market is still oversupply situation, and the cost of declining, for the decline in steel prices still have to further promote the role. Statistics show that in January China''s imports of iron ore 86.83 million tons, an increase of 33.03%, an increase of 18.33%, the highest level in history. Imports of iron ore port stocks also rose sharply, once again reached 100 million tons, the chain increased by 10.72%. As the amount of imported iron ore far more than domestic steel production needs of steel, late imports of iron ore prices there is a certain decline in space.
In addition, China Steel Association believes that iron and steel enterprises and steel business funds tight, restricting the steel market rebound. As the state to increase the management of overcapacity efforts, the banking system generally on the iron and steel enterprises to give strict control of loans, steel trade is the focus of bank monitoring. Later, iron and steel enterprises will still face difficulties in financing enterprises, the difficulty of high financing costs, the steel market will have an impact on the recovery.
China Steel Association pointed out that with the warmer weather, the domestic market demand for steel will gradually start. As the economic development is still downward pressure, steel demand growth slowed; the steel industry to resolve excess capacity will continue to advance, but the short term is still difficult to reverse the market oversupply situation. Late market steel prices will continue to fluctuate trend.