Just the end of the Spring Festival, many
steel trading business have started to the new year's work, more and more
people are open for business, and steel prices rebound. Overall,
however, the prices of finished steel were now significantly rise, including
sheet metal products gains stronger than construction steel.
Monitoring shows that, the domestic key
cities Ф25mm three rebar average price of 3925 yuan (t price, the same below),
up 46 yuan from preganglionic; the domestic key cities Ф6.5mm high line an
average price of 3,770 yuan before the holiday up 41yuan; domestic major cities
5.5mm hot rolled coil average price of 4,212 yuan, up 51 yuan from
preganglionic; 1.0mm cold plate of the domestic focus of the central city
average price of 4,906 yuan, up 49 yuan before the holiday; domestic major cities
20mmthe board average price of 4054 yuan, up 67 yuan higher than before the
holiday.
We know, from entering since 2013, many
macroeconomic data show that the economy is slowly recovering. January export
growth hit a 21 month high, PPI chain liters by the down turn, influenced by
the Spring Festival Golden Week, the rapid growth in consumer. The market is
generally believed that the economic rebound is expected to enhance the future
economic growth will continue to rebound.CPI data, although affected by
seasonal factors, the January CPI as expected to fall, but the view from the
the Recent market participants forecast the February CPI data, the possibility
of warming is still very large.
During the Spring Festival, the businesses
in the market outlook is expected to better steel prices increased
significantly, while around the arrival and more, so the obvious rise in the
stock, recently merchant sales pressure is revealed. Inventory, as of last
week, the 35 major markets nationwide rebar inventory was 8.4544 million tons,
an increase of 930,800 tons; the wire stock 2,322,300 tons, an increase of
445,700 tons. From national wire rod, rebar, steel coil (hot rolled coil, cold rolled coils), the inventory
total view of the plate, etc., a comprehensive national inventory total of
18,117,700 tons, an increase of 1.85 million tons, an increase of 11.37%.
At the same time, the postganglionic all
varieties inventory increased in volume.According to the inventory statistics
show that, as of February 19, 2013, the social inventory of the nation's major
markets five varieties of steel was 18.016 million tons, an increase of 1.851
million tons compared with before the Spring Festival, rising for nine weeks in
a row.The downstream construction as well as machining timber procurement
earliest have to wait until the Lantern Festival after recovery, the steel
market in the short-term need to guard against the risk of a sudden drop in
steel prices.
