Demand for off-season near the end of the year, domestic steel prices have hit their highest level this year. Hebei steel prices are now the market has reached 4700 yuan per ton. Industry analysts said that inflation expectations and increase the cost of steel has led to the end of the market, "Alice tail phenomenon." End of the year Hurricane
According to market monitoring professional website, December 9, Handan market, Hebei Iron & Steel Group Handan steel prices secondary steel production has soared to 4600-4700 yuan per ton, a number of species continued to rise by 20 yuan the previous day . Handan Iron & Steel rebar is a three-level rose to the level of 4800-4900 dollars.
The author notes that the market is also in Handan, 10 the end of the spot price of only secondary steel is about 4100 yuan. In other words, over a month later, Hebei steel prices rose by nearly 13%.
In the national steel market, steel prices also appeared in one end of the year, "rocket up." According to the domestic steel trading platform, "West of the West Link" in the statistics, domestic steel prices have risen to 4,660 yuan, the highest rise in early November, such as the November 8 that day, one day surge in steel prices by 120 yuan. According to West, the Western Route price quotes, I found that rose close to a percent. Current prices, already at the highest level this year.
Dramatic changes in the current steel market, has exceeded expectations of many people in the industry. Local steel distributor, told the writer that before, according to law in previous years, after the New Year before the Spring Festival, the need for pre-holiday stocking, steel prices will rise slightly to slow off-season the previous year into the next year's season. However, the sharp rise in November of this year, obviously not "pre-holiday stocking" reasons.
In addition, the present towards the end, Japan and South Korea and Brazil, CVRD is steel, Australia, Rio Tinto, BHP Billiton's iron ore negotiations in the first quarter of the price, but also of the view that the price of iron ore and steel prices expected to continue to rise, Dealers may be ahead of the current stockpile.
"My steel net" information editor, told the author of Yu Liangui, said at the end of the rising steel prices, the main thing and the cost-push inflation expectations derived from. He said that before the period of time, domestic cotton, agricultural products and coal prices rose sharply, a strong market inflation expectations, but does not appear with rising steel prices. Since November the price of entering the rapid rise can be regarded as a "compensatory growth" market.
I also noted that domestic consumer prices in October rose as high as 4.4%, which is higher food prices into one of many goods and services have a "follow the trend of higher type," but this time, the domestic steel market is in a callback later a consolidation period, prices will remain at 4,200 yuan. At that time, the industry trend of the market outlook for steel prices is mixed.
Yu Liangui that, in addition to inflation expectations, the iron ore, coal and other raw material costs, increased steel prices also provided support. Coal prices this year has been maintained at high iron ore spot prices climbing, the first quarter of next year, will face rising prices changes reflect the current cost expectations.
Yu Liangui added that, due to limited power to limit production and energy saving factor, the domestic steel production in recent months in a low yield year on year decline, the market supply has been tight.
