October 2009 Appliance Supply And Demand And Price Movements Of Steel
cold-rolled sheet: demand is not price adjustment
2009 10 months, the cold rolled sheet market run to the main weak correction in the dual role of good bad under the influence of a wave of shock to adjust the market price of the stock market, some first-tier cities have higher market prices. Although domestic economic recovery has significantly overall market and tend to improve the performance of downstream sectors of the market will play a positive cold-rolled sheet support, but the “high inventory and low demand” caused by the contradiction between supply and demand still exist. Steel production capacity to continue to release, stocks remained at a high range. National Day, the cold-rolled sheet stock topped 1.3 million tons high. ( Click to enter HC Appliance Parts Channel View more )
Lange Steel Information Research Center, market monitoring data, as of October 29, China’s major cities 1.0mm cold rolled sheet prices averaged 4,879 yuan (t value, the same below), compared with 9 5 yuan in late fall. Among them, the Shanghai market, 1.0mm Omo box board price 5,000 yuan, 80 yuan higher than the 9 end; Beijing, Tianjin and the market price of 5,000 yuan and 4,950 yuan, 150 yuan higher than the end 9.
Addition to Baosteel, the Wuhan Iron and Steel, Anshan, Benxi Iron and Steel, Shougang Group, Baotou Steel and other leading steel mills have reduced prices for 10 months, which makes steel prices and further narrow the gap between market prices, but the overall price level remains high in the spot market, “Upside Down” still exist, market prices continue to adjust to post-reserved space. From the current view of market conditions, steel prices continued to fall in the possibility of late is still large, steel tilt to the market, the pace will continue.
Although the cold rolled sheet prices rose 10 at the end of a wave with the market, the contract value in the previous period has been released, but due to the lack of a solid bottom of the market support rally unsustainable. Expected in November cold-rolled sheet prices to consolidate and run the possibility of still larger. (Lange Steel Information Research Center Maguang Hui)
Stainless steel: greater stock market downturn
2009 9 months, the stainless steel market prices overall fell to 7 mid-level price pullback. Into October, during National Day holiday as a sharp rise in global nickel prices, following the Festival of stainless steel market prices once there have been more than 1000 yuan gains. Stainless steel market price once very confusing, the same material base price the same market there have been 500 to 1,000 yuan spreads, market situation where there is no price. However, as nickel prices fell and the domestic stock market pressure, after about two weeks after the shock, stainless steel market prices down again into the channel, 304 series cold rolled mainstream offer basic 19,500 ~ 20,000 in shock.
Lange Steel Information Research Center, market monitoring data, as of October 29, Zhang Pu production 304/2B0.8mm price of cold rolled sheet, 2.08 million (tonnes of price, the same below), 2.0mm to 20,000 yuan , TISCO production 304/2B2.0mm 1.96 million; Foshan Quote for the mainstream market, Zhang Pu production 304/2B0.8mm to 20,800 yuan, 2.0mm to 2 million, TISCO production 304/2B2.0mm to 19,700 yuan.
Stainless steel market conditions remain sluggish, the market price and the price of steel week the formation of inversion, active traders and downstream users to prepare libraries phenomenon was obvious. Meanwhile, in the case of low downstream demand, the domestic primary market stocks have continued to increase, traders Sell Pressure multiplier, while steel mills in October to repair a certain extent, inhibit the production, but the basic maintenance of the leading steel stock is still high, the impact of the October market is limited, the market supply will not be greatly reduced. Stainless steel market is expected in November to adjust the price trend is still the main shock, no significant improvement in market demand, the situation, Wuxi, Foshan, nearly 20 tons of stock prices to bring more pressure on the market outlook. (Lange Steel Information Research Center, Jing Liu)
Electrical steel: price stability after the first suppression
2009 10 months, the domestic non-oriented electrical steel market prices stable after the first suppression.
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