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Steel prices have been up-traders do not mind at ease
"From since mid-April, the domestic steel prices has been in the uplink channel, but we are still not at ease."
In the 20's "Lange Iron and Steel Iron and Steel net sales in 2008 in Beijing area 50 announced the General Assembly", on a steel trader, told reporters this way. In his view, the domestic steel prices for 4 consecutive weeks on the market rebound is the steel mill shipments to reduce results.
Lange Iron and Steel's vice president of information Li Zhao said that at present, traders generally reflected in a decline in inventories, hands out, but no significant steel mills in the supply to keep up with. Some hot varieties, even need to be getting goods through relations. Thus, recently, traders bid for steel is rising, but they are still worried, with steel prices up, profits increase, there is likely to increase steel shipments, which would put pressure on steel prices. Rising steel prices, the market supply is often tight, while steel prices down, the steel mill shipments will usually increase, boosting the role of market volatility generated.
However, reporters found that there are a small number of traders with regard to the latter part of the market optimism.
"We feel that a rise in steel prices can be continued into June." Intellectual Beijing Hengda Trade Co., Ltd. Manager, Xu-hua believes that steel prices from the current limited production situation, the overall supply in June and will not a substantial recovery, which would continue to steel prices to support.
It is understood that, to the Beijing area, for example, the overall inventory of steel from the peak during the Spring Festival this year, 50 million tons down to the current more than 20 million tons.
Li Zhao that the State 4 trillion of investment incentives in many large projects, the objective Supplying steel to supply large customers increased, which also reduces the supply steel to the circulation volume, supporting the steel up. Despite the current in the season, but the market demand, compared with a year ago, is still weak. Lange survey data on traders and trading volume per day is not good, this is also skeptical of traders of steel upstream causes.
In the 20's "Lange Iron and Steel Iron and Steel net sales in 2008 in Beijing area 50 announced the General Assembly", on a steel trader, told reporters this way. In his view, the domestic steel prices for 4 consecutive weeks on the market rebound is the steel mill shipments to reduce results.
Lange Iron and Steel's vice president of information Li Zhao said that at present, traders generally reflected in a decline in inventories, hands out, but no significant steel mills in the supply to keep up with. Some hot varieties, even need to be getting goods through relations. Thus, recently, traders bid for steel is rising, but they are still worried, with steel prices up, profits increase, there is likely to increase steel shipments, which would put pressure on steel prices. Rising steel prices, the market supply is often tight, while steel prices down, the steel mill shipments will usually increase, boosting the role of market volatility generated.
However, reporters found that there are a small number of traders with regard to the latter part of the market optimism.
"We feel that a rise in steel prices can be continued into June." Intellectual Beijing Hengda Trade Co., Ltd. Manager, Xu-hua believes that steel prices from the current limited production situation, the overall supply in June and will not a substantial recovery, which would continue to steel prices to support.
It is understood that, to the Beijing area, for example, the overall inventory of steel from the peak during the Spring Festival this year, 50 million tons down to the current more than 20 million tons.
Li Zhao that the State 4 trillion of investment incentives in many large projects, the objective Supplying steel to supply large customers increased, which also reduces the supply steel to the circulation volume, supporting the steel up. Despite the current in the season, but the market demand, compared with a year ago, is still weak. Lange survey data on traders and trading volume per day is not good, this is also skeptical of traders of steel upstream causes.