After the Spring Festival, the landed price of imported iron ore has soared, and it is now approaching the $200/ton mark, the highest since 2010. According to the monitoring data of Lange Steel Information Research Center, as of February 11, the market price of 63.5% of India's main port mines was 1360~1380 yuan, up 20 yuan; 63.5% of Indian powder mines were quoted at 192~193. The dollar rose by 2 to 3 dollars.
At the same time, the domestic spot price of iron ore also showed a strong upward trend. The market in Tangshan and other regions took the lead. In the two days after the holiday, the price of iron fines in Tangshan increased by nearly RMB 30/ton. . As of February 11, the market price of 65%~66% acid powder wet base in Beipiao area was 990 yuan/ton, up 20 yuan. In Liaoyang area, the market price of 65%~66% acid powder wet base does not include tax, which is about 1000 yuan/ton, up 10 yuan.
Such a rising trend makes it difficult for steel mills to replenish stocks after the Spring Festival. In 2010, a large part of the iron ore used by domestic steel companies was still low-priced iron ore imported in 2009. In the second half of 2010, due to the small amount of iron ore imported from China and the small amount of reserves, steel mills that are not stocking now are facing completely high-priced iron ore raw materials.
"From the perspective of procurement over the years, after the Spring Festival, steel mills tend to concentrate on replenishing stocks, and the replenishment operations generally last for 15 to 25 days, but the current market transactions are still average, most Steel mills are still in a wait-and-see state, and our purchases have not yet fully started.†A person in charge of raw material procurement in a private steel mill in Hebei revealed that “from the information of ore suppliers, they are still bullish on the market outlook. Therefore, the general asking price is also higher."
What makes steel mills depressed is that the international dry bulk freight market, which had fallen for a month or two, has rebounded after the holiday, and the Baltic Dry Freight Index has rebounded day after day, which will also increase the transportation cost of imported raw materials. At the end of last year, the reason why the rising spot price of minerals did not hit a record high was to rely on the low sea freight to support.
The price of coke, another major raw material for steel mills, is also climbing. The reporter learned from the coking production province of Shandong Coking Enterprise Group yesterday that the company raised the coke ex-factory guidance price by 50~100 yuan/ton, and required all member companies to arrange production according to the 30% limit.
After adjustment, the first-class metallurgical coke is 2200~2250 yuan/ton, the second-grade metallurgical coke is 2100~2150 yuan/ton; the coal tar guide price is raised 100 yuan to 3700 yuan/ton; the crude benzene guide price is raised 100 yuan to 6100 yuan/ton.
Shandong Coking Enterprise Group pointed out that since entering 2011, the domestic steel market price has risen sharply, and the price of mainstream varieties has increased by about 300 yuan. After the Spring Festival, steel mills continue to raise product prices, steel prices continue to rise, while coking coal prices have generally risen sharply, coking enterprises have huge production cost pressures, coking enterprises in Shanxi, Hebei and other regions have recently raised the ex-factory price of coke 50~ 80 yuan / ton. In view of this, Shandong Coking Enterprise Group decided to appropriately adjust the factory guidance price of the Group's recent coking products in order to reduce the production and operation losses of the Group's coking enterprises.
"After two consecutive years of shocks, China's steel prices will generally not continue to rise strongly this year, but due to some new cost increase factors, strong support, market prices are difficult to fall deeply. High-end operation will become 2011 The basic situation of China's steel prices." Chen Kexin, a senior expert at Lange Steel Information Research Center, predicted to reporters.
After the Spring Festival, the national steel prices continued to rise. The average price at the end of January was 5025 yuan / ton, up 4.1% from the previous month and up 19.7% year-on-year. The main contract price of the Shanghai Futures Exchange has already stood at 5,000 yuan / ton mark, up about 30% from the lowest price in 2010. Steel mills such as Shagang and Hebei Iron and Steel ( 3.81 , 0.02 , 0.53% ) have raised their prices in early February.
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