On the day of the end of the 14th, the steel price was like a wild horse with a reins. It soared 160 yuan in one day, causing many steel traders to make mistakes and not knowing what to do. They could only temporarily stop shipments and wait for further market conditions. .
The sudden increase in transaction volume caused steel prices to rise. According to China's steel price network information monitoring data on the 14th 14th, Shougang/Tangshan/Xuanggang produced Φ25mm tertiary rebar market average price of 4880 yuan/ton, which was higher than last Friday. 160 yuan/ton.
This round of soaring steel prices does have the support of a sudden surge in trading volume. Zhiming Li, Business Manager of Beijing Zhihengda Commercial Co., Ltd. (Zhihengda), told the author that on the 14th Zhihengda shipped 2,500 tons, more than twice the turnover during the period of the **, if not limited sales, the transaction It will grow more than 3 times.
"This morning we need to have constant telephone calls and we have only a few telephone calls in the afternoon." Li Mingyi said, at this time, exactly one terminal customer called for goods.
Li Mingyi analyzed that despite the current steel price increase is relatively large, it is still close to the settlement price in February, and the overall steel traders' profitability is still limited. Once the demand for follow-up is insufficient, steel prices will also be affected by high inventory.
The rise in steel prices reflects the expected demand. Due to the general arrival of steel mills, the transaction volume has increased significantly, and the decline in steel traders’ inventories has accelerated. The steel traders’ mentality has obviously improved.
Big steel prices rose ferociously, even if the volume of small and medium-sized households with no significant improvement in turnover also followed up, reflecting the optimistic view of the steel market in the later period.
Beijing Ordnance Material Co., Ltd. shipped more than 1,000 tons of cargo on the 14th, only an increase of one or two hundred tons during the period compared to **. Mr. Xiu, an ordnance business manager, analyzed that the transactions did not show any significant improvement. The increase in steel prices was mainly due to the correction of the guiding price of Hegang Steel in mid-term and the increase in steel prices in the previous period, which was mainly due to the expected further release of demand in the later period. .
It is optimistic that the limited sales of steel traders will increase the price by 160 yuan, but they will also have limited sales or even close storage.
"In February, the third-grade rebar was still sold at a price of 4,880 yuan. So we have to control the volume of shipments." The manager said, "A lot of steel traders sealed their inventory on the 14th!"
The manager said that in the same period of steel price rise, the steel traders' stock closure is more indicative of the bullishness of the late-stage market. At present, there is no obvious improvement in terminal demand, but after the end of the **, steel traders predict that the demand will gradually be released in the later period, so the warehouse is closed.
Analysis of the industry believes that the steel prices soared more reflects the expected demand, and steel traders on the previous period of low steel prices retaliatory pull up.
Of course, there is also a class of steel traders who have not recovered from this wave of steel prices, and have sealed off the library with the trend! Beijing Xinde Lisheng Trading Co., Ltd. is a typical example.
Gao Hui, the company's deputy general manager, told the author: "These two days are not going to close the warehouse. At present, steel prices have risen so fast that the company decided not to adjust the shipments first and look at the market for the next day."
Currently steel traders have saved profits in January, but steel traders have not yet sold a lot of steel in January. Gao Hui explained that it is expected that this week will be a rising market, because optimistic about the late market, Dongku Steel can wait for a better market.
The sudden increase in transaction volume caused steel prices to rise. According to China's steel price network information monitoring data on the 14th 14th, Shougang/Tangshan/Xuanggang produced Φ25mm tertiary rebar market average price of 4880 yuan/ton, which was higher than last Friday. 160 yuan/ton.
This round of soaring steel prices does have the support of a sudden surge in trading volume. Zhiming Li, Business Manager of Beijing Zhihengda Commercial Co., Ltd. (Zhihengda), told the author that on the 14th Zhihengda shipped 2,500 tons, more than twice the turnover during the period of the **, if not limited sales, the transaction It will grow more than 3 times.
"This morning we need to have constant telephone calls and we have only a few telephone calls in the afternoon." Li Mingyi said, at this time, exactly one terminal customer called for goods.
Li Mingyi analyzed that despite the current steel price increase is relatively large, it is still close to the settlement price in February, and the overall steel traders' profitability is still limited. Once the demand for follow-up is insufficient, steel prices will also be affected by high inventory.
The rise in steel prices reflects the expected demand. Due to the general arrival of steel mills, the transaction volume has increased significantly, and the decline in steel traders’ inventories has accelerated. The steel traders’ mentality has obviously improved.
Big steel prices rose ferociously, even if the volume of small and medium-sized households with no significant improvement in turnover also followed up, reflecting the optimistic view of the steel market in the later period.
Beijing Ordnance Material Co., Ltd. shipped more than 1,000 tons of cargo on the 14th, only an increase of one or two hundred tons during the period compared to **. Mr. Xiu, an ordnance business manager, analyzed that the transactions did not show any significant improvement. The increase in steel prices was mainly due to the correction of the guiding price of Hegang Steel in mid-term and the increase in steel prices in the previous period, which was mainly due to the expected further release of demand in the later period. .
It is optimistic that the limited sales of steel traders will increase the price by 160 yuan, but they will also have limited sales or even close storage.
"In February, the third-grade rebar was still sold at a price of 4,880 yuan. So we have to control the volume of shipments." The manager said, "A lot of steel traders sealed their inventory on the 14th!"
The manager said that in the same period of steel price rise, the steel traders' stock closure is more indicative of the bullishness of the late-stage market. At present, there is no obvious improvement in terminal demand, but after the end of the **, steel traders predict that the demand will gradually be released in the later period, so the warehouse is closed.
Analysis of the industry believes that the steel prices soared more reflects the expected demand, and steel traders on the previous period of low steel prices retaliatory pull up.
Of course, there is also a class of steel traders who have not recovered from this wave of steel prices, and have sealed off the library with the trend! Beijing Xinde Lisheng Trading Co., Ltd. is a typical example.
Gao Hui, the company's deputy general manager, told the author: "These two days are not going to close the warehouse. At present, steel prices have risen so fast that the company decided not to adjust the shipments first and look at the market for the next day."
Currently steel traders have saved profits in January, but steel traders have not yet sold a lot of steel in January. Gao Hui explained that it is expected that this week will be a rising market, because optimistic about the late market, Dongku Steel can wait for a better market.
Zhulian Electric Appliance Co., Ltd. , http://www.jx-diecasting.com