At the end of last year also shouted "a pound of steel but sell cabbage price, just a short time, the price of steel is a successful counter attack, from last year's RMB1800 / ton rose to the current lows RMB3400 / ton high.
In view of the soaring market, in the afternoon of December 8th, analysts to the twenty-first Century economic report reporter analysis, steel prices continued to rise recently, in fact, is the result of a variety of factors affecting the superposition. But the iron ore and coking coal is mainly affected by the rise in fuel prices, the recent Jiangsu, Hebei and other places to combat the "land of steel futures market and the three main drive.
Coal and iron ore prices both rose
In December 8th, the rebar futures prices closed at 3394, after hitting a high of 3422, 2 and a half years since a new high refresh.
In the futures market, driven by a good, the steel spot market rally is also one after another. The billet recently stood at 2900 points after still don't give up, rise unabated. According to my steel network statistics, in December 8th the country has 12 steel price adjustment information, Yunnan and Guangxi steel prices have been in the factory price of about 3900 yuan.
Analysts in an interview with the twenty-first Century economic report reporter pointed out that, in addition to the impact of the production capacity to promote, the production of steel prices in the raw fuel prices have become a major cause of pushing up the price of steel.
Since this year, the domestic coal industry capacity to implement the 276 day production policy, coal supply shortage emerged prices, coal prices from early lows to around October to achieve the V shaped rebound, with coking coal coke market continued high steel. This year, as of the end of November, the price of coking coal and coke, respectively, reached 160%, 180%.
At the same time, the external dependence of up to 80% more than the price of iron ore this year, there has been a sharp rise. 62% grade iron ore CIF, from the beginning of January to a low of around 38 dollars, to the beginning of December close to $80 high, or more than 100%.
The two major steel fuel coal and iron ore prices almost doubled, steel prices also pushed higher production cost accordingly. Steel companies have huge loss last year. In the high cost of the original fuel procurement costs, the price of steel prices also increased, the first three quarters of this year, steel prices to achieve a large area of losses.
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