Building materials oscillate and continue to go up

Steel Market Overview (December 17 - 24)

According to the statistics of the International Steel Association, in November 2010, the global crude steel output was 114.118 million tons, an increase of 5.1% year-on-year, with an average daily output of 3.803 million t/d, an increase of 17600 t/d from the previous month, an increase of 0.46%. After deducting China, international crude steel production in November 2010 was 63.945 million tons, an increase of 5.3% year-on-year, and the average daily output was 2,131,500 t/d, a decrease of 32,100 tons/d from the previous month, a decrease of 1.5%. It can be seen that the continued recovery of global crude steel production will promote the raw material market prices continue to rise at a high level. This week coincides with the intensive period when most domestic steel mills organize sales contracts and issue pricing policies for the next month, and the factory prices of steel mills have all increased in different ranges. The price in the domestic market generally fluctuates and oscillates. As of Thursday, SteelHome (China)'s steel benchmark price index (SH_CSPI) was 116.18 points, up 0.7% from last week. This week, the price trends of major steel products are as follows: Construction steel products have been oscillating, various types of sheet materials have continued to rise, and medium and large sections have steadily increased. The price changes of major steel products in China this week are as follows:

Construction steel: The domestic construction steel market price continued to fluctuate this week. The market price of construction steel in the Shanghai market was running smoothly. The prevailing transaction prices of the Φ6.5mm high line and Φ18mm~25mm rebar were 4,750 yuan/t and 4,620 yuan/t respectively, which was flat compared with the previous weekend. The markets of Hangzhou, Fuzhou and Nanchang in eastern China fell slightly, while the prices of construction steel in other markets remained stable overall. The trend of construction steel in the Central and South China regions has been divided. Among them, Zhengzhou market building steel supplemented; Wuhan market wire and rebar fell from last week. The northern market has generally risen steadily. As of Thursday, the average prices of Φ6.5mm high-wire and Φ18mm~25mm rebar in 28 major cities across the country were 4,729 yuan/t and 4,647 yuan/t, respectively, down 1 yuan/t and 8 yuan/t over the previous weekend. . Driven by the increase in the price of China's construction steel market, international prices of long products have generally risen since November, driving the prices of scrap and billets to rise sharply. It is reported that the price of billet exports (Black Sea FOB) produced by the Commonwealth of Independent States in January next year has risen to US$620/t, which is nearly US$100/t higher than at the end of October this year. The rise in the international billet market price is conducive to further boosting domestic billet market prices and supporting the high level of domestic construction steel market operations. Taking into account that the country will once again face a large area of ​​rain and snow cooling weather, in the short term, the release of downstream demand will play a certain constraint, the domestic construction steel market is expected to show a narrow range of fluctuations next week.

Plates: Prices of the domestic plate market continued to rise this week. The prices of major markets in eastern China rose by 50 yuan/t to 80 yuan/t from the previous week. Market prices in the south and central China regions were relatively stable, with Nanning, Changsha, and Wuhan markets. Rising 30 yuan/t to 50 yuan/t, Zhengzhou market price rose sharply by 100 yuan/t; North China's Beijing, Taiyuan, and Baotou market prices rose by 20 yuan/t~50 yuan/t, and other major market prices rose by 100 yuan/t. More than t; Northeast market prices rose 100 yuan / t ~ 130 yuan / t; the majority of the western region of the main market prices rose 50 yuan / t ~ 70 yuan / t, Chengdu and Lanzhou market prices rose by 90 yuan / t ~ 100 yuan / t . As of Thursday, the average prices of 8mm and 20mm plate in 28 major cities across the country were RMB 5,034/t and 4,718 yuan/t respectively, up 63 yuan/t and 64 yuan/t respectively over the previous weekend. At present, the price of China’s shipbuilding plates exported to South Korea is US$700/t, which is US$125/t lower than that of Korean shipbuilding plates. South Korean shipyards may increase China’s shipbuilding plate imports. With the slow recovery of the international economy, China's shipbuilding industry has gradually come out of the trough, and orders for new ships have obviously recovered. Many companies’ orders have even been dispatched to 2012 and 2013, and the price of ships has picked up after the bottom stabilized. However, the continuous rise in the price of the medium-sized board has driven the price of domestic shipbuilding plates to rise sharply. Coupled with the exchange rate and interest rate factors, the cost pressure for shipbuilding companies has increased dramatically. It is expected that the price growth of the domestic plate market will slow down next week.

Hot and cold coils: The prices of hot and cold coils in the domestic market continued to rise this week. This week, the price of hot rolled coils in the domestic market has further increased. As of Thursday, the prices of 2.75mm hot-rolled coils in Shanghai, Guangzhou, and Tianjin have risen by 50 yuan/t, 50 yuan/t, and 70 yuan/t respectively from the previous weekend; the price of 5.75mm hot-rolled coils has risen by 50 yuan respectively. /t, 40 yuan/t and 70 yuan/t. At present, the domestic market price of hot-rolled coils has forced the high point in recent years, and the pressure of market stocks has once again appeared, and some markets have fallen sharply. This week, Anshan Iron & Steel, Benxi Steel, Shougang, Maanshan Iron and Steel and other major sheet metal enterprises have introduced pricing policies in January, and they have generally adjusted the factory prices upwards. With domestic steel mills scheduled to overhaul and the improvement of the transportation conditions in the northern ports, the supply of domestic cold and hot coil market resources will be expected to return to a higher level, and the market inventory will remain at a high level. Considering that cold and hot coils are operating at low prices, the further increase in raw fuel prices will continue to push up the bottom price of hot and cold coils. Even if the price is pulled back, there is little room for a fall. It is expected that domestic market prices for hot and cold coils will continue to fluctuate in the next week.

Dazhong Profile: Domestic medium and large profile prices continued to rise this week. As of Thursday, the average prices of No. 5 Q235 angle steel, No. 12 to No. 16 Q235 channel steel and No. 25 Q235 I-beam in 28 major cities across the country rose by 39 yuan/t, 48 yuan/t, and 54 yuan/week respectively from the previous week. t. This week, Ma Steel, Laiwu Steel, Jinxi and Rizhao have once again increased their H-beam prices, and market prices have continued to rise. Due to the rapid increase in prices and the relatively slow release of downstream demand, it is expected that the domestic market growth in the medium and large profile market will slow down next week.

In 2010, the overall performance of China's steel market was "high-yield, high-stock, low-cost", and the steel market price was high before and after low. Steel House website believes that the overall performance of the domestic steel market in 2011 will be slower growth in output (energy), stable supply and demand, reasonable inventory returns, and higher prices than in 2010. It is expected that China's crude steel production in 660 million tons in 2011, an increase of 4.8% compared with 2010; demand for crude steel 650 million tons, an increase of 8% to 10%; net exports of crude steel 25 million t ~ 30 million t, the overall level with this year; The domestic market will balance supply and demand by digesting inventories. In 2011, the overall supply of the global raw material market remained tight. The structural contradiction between supply and demand remained prominent, and raw material market prices remained high. In order to get rid of the adverse effects of the international financial crisis as soon as possible and to respond to the quantitative easing monetary policy of the United States, the loose monetary policy will eventually boost the prices of global commodity markets. The global steel market price level will be higher than that of 2010.

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