Steel industry Weekly: Spot prices were unchanged, stocks were bottoming trend in circulation

Release Date：2013-08-12 00:00 Source：http://www.ksyyc.com Click：

This week ( 10.8-10.11 ) market rebounded to some extent , after experiencing a slight pullback early this week, the market rebounded to reproduce the situation . Market closed 2228 , week rose 2.46 percent . Steel plate is slightly better than the broader market trend , week rose 2.75 percent , and cyclical stocks rebounded trend. Yindie spot market continued to show momentum , stock price index fell by 1.22 percent than the previous week .

    Lackluster steel spot market composite index showed a slight rebound in weekly chain pattern , or 0.03 %. The main varieties prices were mixed , the overall price level is expected to rise much. Subdivided species, threaded week rose 0.52 percent , wire weekly chain fell 0.04 percent , profiles weekly chain fell 0.49 percent , plate Pericyclic fell 0.22% , hot rolled week rose 0.08 percent , narrowband week the chain fell 0.11 percent , Zhou cold chain fell 0.12 percent , galvanized week fell 0.1% MoM , seamless weekly chain fell 0.39 percent , welded chain fell 0.22 percent week .

    Futures contract RB1401 continue to maintain a downward trend this week , weekly chain fell 1.22 percent , to close 3395 , continuing the downward trend earlier in the main contract . 10 regions 20mm HRB400 grade average spot price of 3491 thread , the main contract for 96 backwardation , premium rate to expand the chain .
Imported iron ore prices this week, this week, a certain degree rise. Platts 62% index was flat week to close 134 U.S. dollars / ton. Domestic iron ore prices also rose slightly smaller amplitude than the imported iron ore . Qian'an 66% dry basis tax 1045 , week rose 1.45 percent . Secondary metallurgical coke price in Tangshan region and the Pingdingshan area prices were close to 1375 and 1310 , Zhou was flat and rose 1.55%, BDI and BCI week fell 7.5% MoM and fell 13.66% .

    The nation's major iron ore port stocks received 72.46 million tons , an increase of 0.18 percent than the previous week . Total circulation and steel stocks showed mixed trends in most itemized inventory of the total showed a slight fluctuation trend. Thread inventory weeks, decreased 1.89% , wire stock weeks, decreased 0.65% , hot rolled inventory weeks, decreased 0.5 percent , the board inventory weekly chain rose by 0.8% , cold-rolled inventory weeks, decreased 0.68% , total weeks, decreased 0.95% , to 15.1 million tons .

    Short-term concern ore resource stocks ( Jinling , Panzhihua Iron and TISCO ) , construction steel (August and three steel ) steel energy targets ( long-established , and Jinzhou Chang Po ) , and Shanghai heat treatment than-expected interim results undervalued blue chip and Baosteel .
Risk Warning : Economic -than-expected downward , steel prices fell again .

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