Weekly Stocks Price
Weekly Stocks Price
Iron and Steel Industry: steel prices continue to fall bottoms gaining industry
Dynamic
week:
Domestic steel prices: the pull-up pre-holiday market stocking did not occur in steel prices continued to fall this week, long products prices decline less than 0.5%, steel prices were flat, and last week; cold-rolled, plate fell 1.3 % to 1.5%, hot rolled coils for the third consecutive week leading decliners, down 3.5%. Futures, rebar, wire rod index fell 3.5% from last week, 4.1%. Stainless steel, steel billet price stability constant, non-oriented silicon steel, vanadium pentoxide prices continue falling 4%. According to Mysteel survey, market pessimism that the increase of steel, hot rolled prices will fall 34% the proportion increased to 39%.
International steel prices: the international market prices stable this week, Germany, South Korea market from 1% to 2.3% of the small rise, other stable market price. Our recent studies show that both the foreign inquiries and the significant increase in export orders, the current price advantage will also help to improve the direct export, which will slightly ease the pressure on domestic supply, but were restored to 08 years the level of export 5 million tons take time. Accordance with the first 3 years of production accounted for 12% of exports is estimated that 6 million tons on the export needs to. LME steel billet futures closed at 495 U.S. dollars, up 1% from last week.
Raw materials: raw material price movements this week, differentiation, ore prices strong, Tangshan Coal Mine, India, mine were up 1.3%, 0.6%; sea freight fell substantially, Western Australia, Brazil to the north Lun Hai freight dropped more than 12%, BDI fell 7.3%, this may be the three mining enterprises to reduce iron ore shipments in the negotiations due to momentum. Decreased slightly by 2.2%, coke, pig iron, scrap steel, iron alloy price stability, a substantial cut in the steel case does not fall in the cost of raw materials will be significantly less than steel prices remained stable or even decline.
Stock: This week the community of long steel stocks continued to decline 2.2%, steel, wire stock fell 1.9%, 3.1%; board increase of 3.2%, the highest pressure, hot rolled coil stock, Zhou chain increased by 5.2% year 90% increase over the previous year also. Because of the sharp steel prices lower, before the holiday stocking the end-user will not strong post-holiday prices and inventory data more worthy of our attention. Port iron ore stocks at 75.42 million tons, decreased by 0.6% from last week.
Stock price and valuation: This week China Steel Poor stock performance, the industry index fell 8.3% the previous week, was weaker than that of Shanghai and Shenzhen 300 (2975.666,3.02,0.10%) index of 3.9%. International Iron and Steel shares poor performance, we follow the 10 International Iron and Steel shares have dropped nine, and where the market underperformed. But it was down less than domestic, or rising for several weeks after the adjustment.
News Preview: Australia forecast to further increase next year, China imported iron ore of 12%; steel futures contract the first week of the smooth delivery of 29,700 tons Comments:
Demand from downstream analysis, a nationwide construction demand remains strong, but pressure to restrain output and steel stocks rebound momentum.
Current steel prices have been in steel prices between full cost and cash cost regions, a further drop in steel prices will cut steel into the real stage, from this perspective, the steel has entered the final period of adjustment before they hit bottom.
The next 6 months comprehensive industry trends and stock prices decline, the valuation of positions, we believe that the current point in time can be configured to gradually enter the steel sector area, we recommend that focused primarily on two types of investment property: 1) the low value per tonne, construction steel high proportion: Recommended Laiwu Steel, SGIS, Valin Iron & Steel, Iron and Steel Min light; 2) have better profit margin of safety, can look forward P / E company: Recommended Baosteel, Daye Special Steel.
CF Industries Weekly Stock Chart Technical Analysis
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