25 mills yesterday raised their selling prices
Core Tip: Two days after the National Day holiday, the financial markets there Broad based, which reflects the market optimism. At the same time, the focus of the black industry chain shifted to the most upstream link, such as coal price erosion eroded the coking sector profits, coke prices and erosion of the iron and steel sector profits.
Market participants: black varieties of futures is difficult to become a trend
Yesterday, the commodity futures market and then welcome the general rise to rebar, hot volume, represented by the black variety of futures continue to lead the gains list. Among them, hot rolled futures rose 5.19%, rebar, iron ore futures rose more than 4%, while the "stunning bifocal" also rose more than 3%.
Behind such a sharp rally, the black variety of futures fundamentals in the end what happened?
Southwest futures researcher Xia Xuezhao told reporters that the two days after the National Day holiday, the financial market there have been broad based, which reflects the market optimism. At the same time, the focus of the black industry chain shifted to the most upstream link, such as coal price erosion eroded the coking sector profits, coke prices and erosion of the iron and steel sector profits.
"The current tight supply of coal did not alleviate the cost of promoting or become an important short-term market support factors." Xia Xue Zhao said. From the market news, Hebei Iron and Steel Group yesterday coke purchase price rose 50 yuan / ton, a metallurgical coke implementation of 1,590 yuan / ton, high sulfur coke 1500 yuan / ton, including tax acceptance to the factory, the October 11 implementation; Rizhao Iron and Steel to accept coke prices rose 50 yuan / ton, the same incentive policies, steel procurement more positive.
Raw material prices continue to rise, the profit margins of steel mills quickly squeezed. Futures Daily reporter statistics found that since mid-September, steel raw material prices in the process of rising. Coke, for example, the futures price from September 14 opening 1130 yuan / ton all the way up to the current 1359 yuan / ton, up 20% over the same period rebar futures from the opening price of 2250 yuan / ton up to 2339 yuan / Ton, up only 3%.
"Raw material prices, the cost of steel increased a lot, and now East China steel rebar per tonne of steel losses of 50-100 yuan, while the plate as a result of good demand and market resources are not many tons of steel there are 200-300 yuan profit. An unwilling to be named spot told reporters.
Unwilling to loss, the current very strong steel prices will be very strong. Yesterday, Wuhan Iron and Steel introduced in November price adjustment policy, wire raised 100 yuan / ton, hot volume increased 80 yuan / ton, pickling steel, cold rolled volumes are raised 100 yuan / ton.
Yesterday, the introduction of price adjustment policy is not only a steel mills. According to incomplete statistics, October 11, a total of 25 steel mills introduced price adjustment policy. The price of sand steel rebar is raised by RMB30 / tonne, Zhongtian Iron & Steel high wire, plate screw by RMB60 / ton, thread by RMB30 / ton, Yonggang high wire, screw, plate screw, Ton.
In the chaos Tiancheng futures analyst Chen Mengyu black, the National Day holiday after the black line of strong performance, mainly by the good fundamentals of coke, coke up.
"Now the average coke inventory in steel mills in about 7 days, much lower than the safety stock, and soon to do Dongchu work, coke stock is generally to be 30-45 days, the market is now a large coke gap, bifurcation, thread Steel also up, and iron ore should follow the thread and coke rhythm, but will be weaker than the former two, so be careful. "A market analysis.
However, there are people in the industry believe that the purchase of limited credit policy introduced, the real estate will soon enter the winter break, steel demand will gradually deteriorate, the current point should not chase high.
Xia Xuezhao said that the terminal demand in September, poor performance, or repair in October rose, which to some extent also constitute a good market. However, he believes that the current black varieties do not have the formation of the rising trend of the conditions, the trend or differentiation between the species, the fundamentals of strong coke is expected to continue strong, and the fundamentals of iron ore is facing a greater bad callback Pressure, rebar is likely to continue oscillation trend.