May the domestic construction steel
prices market shocks, slightly down trend, domestic building materials
prices rose and then fell, although some businesses eager to pull up, but the
actual volume does not follow suit, there is no significant change in the
overall market price. Due to the recent arrival of small local markets, the declining
trend in the overall stock market. From key markets in Beijing, Shanghai and
other places to price movements, basically are in a slight concussion running
in the market, no significant increase in purchases in the case, the market is
difficult to have better opportunities.
From the overall market trend, the domestic
construction steel market in May than in April a slight decline. As of May 27,
the domestic 25mm rebar price in 3555 yuan / ton, late last month down 56 yuan
/ ton; including Beijing 25mm price of 3520 yuan / ton, late last month fell 10
yuan / ton; Shanghai 18 - 25mm price of 3380 yuan / ton, late last month fell
100 yuan / ton; Guangzhou 18-25mm price of 3670 yuan / ton, late last month
rose 20 yuan / ton; domestic 6.5mm high speed wire price in 3608 yuan / ton,
late last month fell 37 yuan / ton, Beijing 6.5mm high speed wire prices in
3540 yuan / ton, unchanged from last month, Shanghai 6.5mm high speed wire
price is 3390 yuan / ton, late last month fell 30 yuan / ton, Guangzhou price
3700 yuan / ton, late last month fell 10 yuan / ton.
According to the China Iron and Steel
Industry Association, the latest data show that its member companies in early
May crude steel output to 1.748 million tons, an increase of 2.71% mid-chain,
the national estimate is 2,192,900 tons, an increase of 3.02% mid-chain.
National crude steel output hit a late degrees with high caliber and less
Bureau of Statistics announced in April the national crude steel output (2.188
million tons) high 05,000 tons, or 0.23 percent. In early May the national
crude steel output rose a new direction since the second quarter of blast
furnace production gradually into a relationship on track, but also with steel
mills to increase production costs for the dilution of efforts related. In the
absence of significant positive macro-policy side and demand-side effects of
the rainy season by Southern backdrop, the high crude steel output will
continue to put pressure on the market.
With the advent of June, most of the
country all will enter the hot and rainy season, outdoor construction progress
of the project will be greatly hindered, the steel city will officially usher
in the season, coupled with the originally scheduled to be held in March about
working conference on cities and towns because the reasons for planning a push
again, the terminal needs significant volume expectations are not high, the
market mentality and many more cautious bearish based, and although the
national building social stock consecutive ten weeks continued to decline, but
still compared to the same requirements relatively high, it is expected that
the market "to the inventory, lower risk," will remain a major
operation, building materials prices will continue to run in the bottom of the
stage.
In summary, due to the recent bad policy
side still prevail, and the market supply and demand is still there, the cost
of late also continue to support efforts to weaken possible, coupled with
volatile international economic situation, the risk of financial market volatility
is still large , is expected in June domestic construction steel market prices
will remain within a narrow range downward trend run, like Galvanized steel,
galvalume steel, ERW Pipe, Galvanized angle iron, Prepainted Steel, etc, will keep stable stake.
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