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| Deadline April 2 week cold-rolled prices were mixed in China |
| Admin：Shandong Luxing Steel CO.,LTD Published：2011/5/9 Read：5716Times |
China's market April 2 cold the week ended prices were mixed, in the steel mills continue to push up the cost of production, downstream demand continues to release stocks down gradually in the case of social, domestic long-term cold rolled coils upward direction shock will not change.
Lange Iron and Steel on April 2 news, this week, the market price of cold rolled coils Shanghai shock adjustment agreement ore prices by 110 dollars per tonne (FOB), and the period from 1 years to 3 months to boost the impact of news , the bulk of the main contract for a high degree of electronic trading opened. Subject to fine-tune monetary policy or the impact of electronic trading market appears diving, first-line hot rolled coil market highs, the Shanghai market price of cold-rolled into the trading range also. Cold rolled coils in Tianjin this week showed the market consolidation trend. Market, as prices rose last week, the rhythm of local cold-rolled coil too fast, lower procurement gradually slowed down, most businesses currently offer in order to stabilize the main, continue to pull up the price pressure, local cold-rolled down the market again plunged into a dilemma .
Market: As of April 2 week, 10 major cities in China 1.0 mm cold rolled coils average price of 6,109 yuan, more than last week (ended March 26 week) was up 35 yuan, up 198 over the same period in March dollars. Shanghai this week, cold rolled coils to adjust the market price shocks. Weekly by ore price agreement to 110 U.S. dollars per ton (FOB), and the period from 1 years to 3 months, the news boosted the impact of a large electronic trading high to open the main contract. The BHP Billiton has taken the lead will include iron ore and coking coal prices for commodities, including an annual basis from the change in pricing and spot pricing for the quarter, indicating that the iron ore pricing mechanism will be more flexible. But by the fine-tuning of monetary policy or the impact of electronic trading market appears diving, first-line hot rolled coil market highs, the Shanghai market price of cold-rolled into the trading range. Given the current iron ore and steel price adjustment negotiations, has been basically settled, the atmosphere will be cool market speculation. Since market prices coupled with the recent hanging, downstream users need to accept the current high prices of the process. At the same time, due to rapidly rising prices, the business has been the breeding of short-term psychological benefit, especially the emergence of early profit-taking business can be secured to the psychological increased. In the latter part of the cost and financial situation of mounting pressure, some businesses have a certain psychological fear of heights, the actual shipping prices began to slightly loose. After a short-term adjustment after the market price of the weekend back up again, and basically unchanged with the previous trend. The short term, the domestic market price of cold rolled coils in order to narrow the main consolidation run, post the market price is still room to rise. Cold rolled coils in Tianjin this week showed the market consolidation trend. Market, as prices rose last week, the rhythm of local cold-rolled coil too fast, lower procurement gradually slowed down, most businesses currently offer in order to stabilize the main, continue to pull up the price pressure, local cold-rolled down the market again plunged into a dilemma . It is understood that the general situation of the recent market transactions, on the one hand because the downstream demand has not fully released, and the trend in the current prices are becoming the next wait and see attitude; the other hand, business-to-late part of the price rising, strong mentality reluctant sellers, offer slightly higher mainstream price. Inventory, the current cold-rolled sheet market, resources are mainly in the saddle box, Benxi Iron and resource-based, multi-coil to-day iron-based Tangshan Iron and Steel, box board resources on the market relatively small part of the standard coil shortage of resources, market stock According to incomplete statistics, not more than 6 million tons. |
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