Steel offer has been unstable, it is now in decline.

May 30, iron ore price continued external disk channels fell to $ 90.5 / ton to US $ 90.8 / ton. Insiders pointed out that iron ore quotations drop, bringing the iron ore investment, financing risks and the risk of a long association mining defaults rise, banks will tighten credit marking iron ore rights even steel inventory cycle will change. And, from the current point of view, as in Africa, Rio Tinto Simandou mine will be put into operation in 2018, as well as other mines to increase production, the supply of iron ore continued to show an increasing trend.

Close to the end of May, the steel city presents some kind of rebound quote marks. May 26, at the mall offer futures rebound effects to boost the confidence of the mall. The following two days, Shanghai, Tianjin and other places of hot rolled coil, plate and other shopping centers offer the North must have the ups and downs of prices. In the meantime, Shanghai, Beijing and other places Ⅲ grade rebar pull slightly up 20 yuan / ton to 30 yuan / ton.

However, only a fleeting rebound offer round, after many malls offer, returned to the doldrums, and shopping malls on the current situation, the downward pressure on steel prices is still large.

Groove Tube steel products is outstanding.

The mall is still no need to condition significantly improved. The data show that in April the growth rate of electricity consumption dropped significantly, down 2.2 percentage points, the chain fell 2.6 percentage points. Meanwhile, in manufacturing, mining and other industrial electricity consumption dominated the second year growth rate dropped from 15.13 percent in February this year to 4% in April, this year the growth rate hit the lowest since March 2013 .

In addition, from January to April, the total profits of industrial enterprises above the national planning an increase of 10% compared with the previous three months fell 0.1%; main activities profit increased by 9.1% compared with the previous three months fell 0.3%. All these show the steel market is still unstable foundation needed, there is no need to condition significantly improved.

Er, although the steel inventory presents continuous decrease, but a substantial increase in steel prices stock. China Steel Industry Association data show that in mid-May statistical highlights steelmakers stocks for 14,997,800 tons, an increase of 4.89%. Social inventory reduction was once seen as a need to improve results, but is worth noting that steel trading business inventories due to financial and shopping environment is poor and down a lot, the steel trade stocks accounted for a large community of some stocks, Supplying efforts together was kind of a lot of steel to increase, resulting in the reduction of liquidity mall. These conditions need to precisely reflect the lack of useful steel.

Recently, iron ore quotations fell below $ 100 / ton in the future, market weakness filling, June 2nd grade of 62% iron ore index fell to $ 91.75 / ton. In fact, since early this year iron ore offer already has two successive waves more significant drop prices. The first wave of this year - early March, iron ore quotations fell to $ 105 / ton; second wave is dropped again in mid-April, late May fell to $ 97.2 / ton.

Cheng Casting Co., Ltd. Weifang same URL http://www.tc-casting.com