Price of steel mills increase

Securities Times reporter Zhe This news after a sharp increase in July factory prices One months later, Baosteel will again rise to the August main varieties factory prices. And by the domestic steel prices continue to increase the impact of Shanghai steel futures prices continued to go higher.　　However, the industry also reminded that demand is in the traditional off-season, inventory is significantly higher than the same period last year, price further increase space will be restricted. Buoyed by the news that Baosteel will raise prices again, rebar in the main 0910 contract to 3,911 yuan/ton high, followed by the price in the high level to maintain shock finishing, the closing price has a small dive, the final end of the range to 0.54% to 3916 yuan/ton, than the last session of the settlement price rose 21 yuan/　　Ton, the turnover is 176,378 hands, the position quantity is 229,608 hands. A German futures analysts believe that the price of steel futures rose, reflecting the optimistic outlook for steel, but also confirmed the trend of rising market prices.　　According to "My Iron and steel" monitoring, in the past week, the main domestic steel varieties, the construction of steel spot prices overall rise, including Shanghai, Wuhan, Chongqing, Chengdu and other ground thread steel, wire tons of prices rose by more than 100 yuan. Statistics also show that a total of 41 rebar production enterprises in the whole country and 37 wire production enterprises adjusted the factory price, the price changes in the number of steel mills increased significantly in the last week.　　China Steel Union concerned Personage said, at present, the market funds still abundant, the original fuel price continues to rise, Shanxi Coking Industry Association issued July Coke guidance price than June per ton rose 60 yuan, this has driven the steel prices to continue to rise in the short term. In addition, China's export of steel exports in June boosted market confidence.　　According to the latest customs statistics, June exports of steel 1.43 million tons, compared to May 80,000 tons, compared with the 2008 period of decline 72.6%; January-June cumulative export 9.34 million tons, down 65.4%. At the same time, the international market prices in steel mills to increase the price of the rising, the European and American Plate rose in 2%~3%, Japan steel prices also rose slightly 0.7%, the Korean market steel price slightly adjusted.　　In particular, the international scrap price rose 20~30 USD/ton in the last half month, the CIS has also raised the export price, plate rose up to 50 USD/ton, which will further ease the import pressure and promote domestic steel exports. However, Sinosteel analysts also reminded that the overall steel market, although the trend is up, but the increase is not as high as the steel price adjustment, and the rally with the arrival of the slow season has weakened. In the middle of June, the major steel mills have significantly increased the ex-factory prices in July (the pre-tax margin is generally more than 300 yuan/ton), but the market price rally relatively weak, which to a certain extent, the market acceptance capacity is not very strong. Some agents and downstream producers have indicated that they have exceeded their expectations and acceptance capacity, and will moderate the amount of order reductions.