subject: Powdered Iron Guangdong pull up the market trend - Guangdong, Powdered Iron, the market - steel industry [print this page] Powdered Iron Guangdong pull up the market trend - Guangdong, Powdered Iron, the market - steel industry
Guangdong News: This week has been some loosening of the steel market, prices fell slightly relative early stage, the impact of shocks on ore prices had little impact, raw materials, the overall market run-up in the rate of increase is not large, the market volume Inquiry increase, the market run more smoothly. Outside the mine after another pulled up the price of domestically produced ore in the latter part of the market some support. Huaiji 64% Powdered Iron Wet currently no tax base ex-factory price 550 yuan / ton, Heyuan 64% Powdered Iron dry basis tax ex-factory price 670-680 yuan / ton, and other areas with dry basis 65% Powdered Iron Tax manufactured quote 690-710 yuan / ton.
It is understood that since the steel market this week, the price shock correction. At present, exempt from the big spiral 3540-3550, the other 3510-3530, 3 3660-3710, General Line 3520-3530, High Line 3560-3580, the price compared with last week, down 70 yuan / ton, the last stage, the market is a bit confusing, but the market shock is still the main reason for consolidation is clear, is subject to steel futures and forward e-disk driven, the current futures market on the spot market is much larger than expected impact. Recent good news for the domestic market more, but there appeared another irresistible factors, weather factors, the construction and transport are subject to a certain extent be affected. Frequent recent futures market volatility, but the overall market situation, investors must have up there is pressure on these two days, the overall trade performance despite weak market, coupled with the weather situation is not very good, the market turnover conditions is slightly less than the market down again, the possibility of relatively large, but do not drop too much. More difficult to rise within a short time in which to stop the rising market is a big reason for steel's production capacity, China Steel Association recently said that the pressure Chinese steel mills is relatively large, post-market is not optimistic. However, the market situation, in November the market should be better than in October, in such a market, most steel mills have recently expressed their support should not be cut, said fourth-quarter, full month October crude level Nissan maintained at 1.669 million tons or so. Raw material market recently with a little steel city go against the offer of foreign mining continued strong, driven out ore market, domestic mineral market has improved, the current continued to show a rise in the overall situation remained stable. Late forecasts out ore and steel market under the influence of stable domestic mining will occur in parts of the whole situation in a small pull-up. The situation appears mainly in the following reasons:
1, steel pressure eased. This week, trade market, although steel prices have relaxed, but most of the current market price and the cost price of steel has a certain profit margin, several large steel mills have also been introduced in December raised prices, steel plants has improved compared with previous pressures, this way, in November set the purchase price of steel, the attitudes have changed, most steel mills have agreed to the price adjustment notice mine, but some still said that currently in the procurement of steel there is not much price movement, should be the main stable.
2, mine shipped with the basic stable than previous. Although the steel market has warmed up for now, but recently, steel mills, and there is no real increase in procurement volume. This wave of steel on the market, has gradually come to the market reaction to the raw materials, mining areas has improved the market, but most of mine chose normal shipping and trading volume has not changed much, but the current market Quotes and direction of view, investors confidence has increased. Because of the weather in north China mine production and shipments slightly affected, but little impact on the overall market.
Third, the market continues to heat up outside the mine. Recent foreign ore prices remain firm, due to the weather north, so that should not have adequate cash resources more scarce. Take India's iron ore fines 63.5, the futures price of 103-105 U.S. dollars, the cash offer to 800 or so, the spot market is relatively slightly nervous. Port inventory, the nation's major ports Iron ore Total 65.74 million tons stock. Stocks declined, reducing Brazil, Australia and mine, all mine an increase in India, port stocks, mainly because of large steel pick and cash to the amount of decrease in Hong Kong, but the stock is still relatively higher. Port inventory shortage of high and spot markets, one can see the market share of foreign dominance of mine still has not changed.
Late forecast stakeholders to reflect on the current steel market and now the market demand, domestic mining market, the overall trend should be a smooth pull up slightly in some areas.
