Domestic steel prices significantly rise iron ore market shock higher

Qingming Small Long vacation after the first trading week, domestic spot steel prices appear a wave of obvious rise, market demand has signs of early release, follow-up is slightly weak.

　　Iron ore market shocks higher and port inventories fell. In the last week, the domestic spot steel price composite index closed at 149.27, a week rose 1.61%. Among them, the price of construction steel rose, the country's main market mainstream specifications rebar varieties of the average price per ton rose 155 yuan a week.

Plate market is also a comprehensive upward, hot-rolled plate coil price rise, the country's main market mainstream specifications hot rolling products market average price per ton rose 104 yuan a week; the price of medium and thick plate rose, the national main market mainstream specifications PU plate average price rose 81 yuan per ton. Although the overall rise in steel prices is obvious, but specifically, by the late Zhou, spot steel market quotes slightly weak, there are signs of high consolidation.

Compared with the previous period, the current steel mill profits have improved, the next step in steel production there is room for growth, but downstream demand has been released more early, the subsequent growth momentum is limited. Iron ore market shock upward. According to the latest report of the "Western Shinkansen", in the domestic mining market, some varieties of prices rose, steel plant procurement slightly positive. Import ore market price shock higher, as of 11th, 62% grade imported iron ore prices of 95 U.S. dollars per ton, the week-on-month rise of 2.1 U.S. dollars.

In April, some steel mills increased their production strength, the demand for imported mines increased, and the port ore stocks in the past year to a large decline in a single week. Relevant institutions analysis that the Qingming small long vacation after the end of this wave of steel strong pull up the market, the core power is still the concentration of demand release. However, in the positive release at the same time, the supply side of the pressure has not been ruled out, as long as the pace of demand release slightly slowed down, the steel market has the possibility of a surge back.

Previous Page："Silver four" will seek a breakthrough in shock
Next Page： Building a "One Belt, One Road" to demonstrate China's determination to strengthen international cooperation

BROWSE SIMILAR INDUSTRY NEWS