Cold-rolled Sheet Shichangzhouping (08.21-08.28) - Appliance Steel, Cold-rolled Sheet - Hc Network

Market decline this week, the national cold slowed down

, a few markets rebounded slightly. East markets mixed, the Shanghai market was up 30 yuan / ton, Hangzhou market rose 100 yuan / ton, the rest of the market prices continue to slightly lower. Market down slightly in South China, Guangzhou market, which fell 20 yuan / ton. Central market is relatively stable, with the exception of Zhengzhou market dropped slightly, other markets remain stable. North China markets mixed, Tianjin market, up 50 yuan / ton, Shijiazhuang market down 50 yuan / tonne. Southwest market continued to fall 50-100 yuan / ton range. Northeast market, the Northwest market remained stable. As of Friday, 1.0mm cold-rolled sheet high, low Harbin market were 5,500 yuan / ton and 4,750 yuan Urumqi market / ton. This week the national average price of 1.0mm cold plate volume in 5112 yuan / ton, down from last week at the end of 24 / ton.

Production: the July output of 3.464 million tons of domestic cold-rolled, the chain increased 10.1%, an increase of 15.24%, average daily production in the 111,700 tons, the chain increased 6.5%. July record high of domestic cold-rolled production, up data is also shown positive growth this year for the first time, resource supply pressure was significantly increased, investors still cautious operation.

Market decline this week, the national cold slowed down, the market is still in a weak running. Hot-rolled market remains associated with the performance of the market downturn caused by the whole board to run weak; while domestic production of innovative and high cold rolling stock in the gradual increase in the formation of the current market, new pressures, merchants are generally the late "Golden 9 silver 10" in conservative view of the traditional peak season. However, the current price has dropped to 7 in late mid-level, pre-price risk has been overestimated release, business mentality of panic eased, narrowing the market adjustment. Taking into account the market fundamentals will not happen next week, significantly improved, the price is expected to fall still some space.

East

East market was mixed this week, including Angang 1.0mm cold plate main Shanghai market price of 5,060 yuan / ton, five quotes from last week up 30 yuan / ton. 1.0mm cold Benxi Iron and Steel, Jinan market volume in 4900 yuan price / ton, down 50 yuan / ton. Adjustment of Shanghai this week, cold-rolled market volatility. Weekly prices rebound has not been demand-side support, the market obviously waiting to see atmosphere. The sheet market, the overall market malaise that full access to adjust the cycle, the market liquidity significantly shrinking internal resources, lower business feasibility. Despite the rebound in a few markets have stabilized the situation, but sustainability is not obvious, investors still have some requirements. Stockpiles, according to my online paper warehouse in Shanghai with the caliber of cold statistics: the current volume 322.35 thousand tons of cold, increased 03,760 tons from last week and Statistics.

South, Central and Southwest

South China market was stable this week weaker. Since the price drop since the volume of the steel to the previous period increased significantly, and hot and cold spreads widen led some dealers are not optimistic about the trend of the cold, in the case of small shipments to ensure lower prices. Expected in the near future will face cold-rolled coils to adjust the risk. This week a small central market price correction. Market transactions affected by the downturn, some small businesses start up cold rolling stock; on the current market fundamentals, the price is expected to be more frequent re-enter the shock period in order to achieve balance between supply and demand. Southwest this week, the market continued to decline, the price movements of hot-rolled and other undesirable species, making cold-rolled coils in the general price trend was weak, prices were down significantly. Weak end demand is the main factor in the current price drop, coupled with the market well, "bought up not to buy or" psychological effects, the actual volume has shown a significant decline, and this decline is deeper this week, cold rolled coils important reasons.

North China

Slightly this week test a low market prices in North China. Cold rolled market correction makes the market fell slightly in after exploratory mainly to wait and see, despite the recent market transactions is not ideal, the more obvious contradiction of supply and demand, but steel policy uncertainties, the market continues to plumb greater risk of inhibited to some extent, the price fell further. Currently the local market in a weak period of adjustment, while the end user to buy up state of mind not to buy or under the influence of short-term market is difficult to significantly improve the current wet storage are mainly waiting to see supplement.

by: gaga

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