Phase of the screw up to boost hong kong-listed steel prices rise today to expand

12 domestic hong kong-listed continue to go up. The international crude oil surged last Friday closed out changyang and warm July economic data support, hong kong-listed both from the support of capital market and current situation of macroeconomic stabilisation, lift channel has entered the stage of recovery. Crazy week opening of capital market. The Shanghai composite index rose 2. 4%, recovered 2100 points. 1401 main rebar futures contracts is peatlands ing up 71 points, and the average divergence, prices along the line up, rise in good condition; Electronic trading line also sharply higher, the market trading atmosphere active, spot hong kong-listed also continue raising prices this week, but considering the factors on Monday, spot the participation of the lack of emotions and pull up slightly, watching the operation have the upper hand, as the attack on the strength of the capital market, is expected to spot, positive emotions are expected to be driven, steel price rise will be widened. According to field monitoring, 12, domestic major cities Ф 25 mm tertiary rebar prices an average of 3588 yuan, Tons of price, similarly hereinafter) And from Friday go up 11 yuan; Domestic major cities Ф 6. 5 mm line average price is 3547 yuan, from Friday rose 5 yuan. 5 key cities in China. 5 mm hot rolled coil plate average price is 3633 yuan, from Friday 9 yuan up; Domestic main center city 1. 0 mm cold rolled coil of the average price is 4379 yuan, from Friday rose 2 yuan. Domestic major cities the average price is 3639 yuan, 20 mm plate from Friday up 9 yuan. Raw materials, 12, tangshan region 150 * 150 carbon billet of 3160 yuan, from Friday up 40 yuan. 65 - tangshan area 66 grade acid dry base price of iron essence pink of 1035 yuan, with flat last Friday; Tang shan area secondary metallurgical coke price 1290 yuan, with flat last Friday. Chooses the main rebar contract 12, 1401 in early trading opened at 3768 yuan/ton, price quickly pulled up throughout the day, the lowest 3760 yuan/ton, up to 3812 yuan/ton, closed at 3810 yuan/ton from the previous session ( 9) Settlement price rose 71 yuan/ton, 2069502, 1619916 hand positions, 81588. Steel plant, wisco has issued in September plank price policy, including hot-rolled raised 130 yuan all varieties, medium thickness plate raised 100 yuan, pickling raised 100 yuan, raised 100 yuan cold rolled coil, galvanized raised 100 yuan, caitu raised $90, raised 200 yuan without oriented silicon steel, wire rod, steel, oriented silicon steel is changeless, are no tax price. This is the fifth time in wisco years to raise steel prices, is also the second time since the steel price stabilisation rise, or basic fluctuates in one hundred yuan, this could kick domestic pricing a second-line steel mills significantly, continuing the cost center of gravity of up, in late June to early July, from raw material to the coastal zone have hit bottom pull litre, hong kong-listed gradually higher production cost, in the later will accelerate the shift to the spot market. Look at the spot hong kong-listed. Actually to pull up the current steel prices continue to narrow, the market is indeed anodyne, edged up to both the businessman feel stronger power, price also feel less than the price below support the strength of strong, on the contrary, for this kind of market, markets wait-and-see mood is more normally, also means that often in this market, prices pull up the continuous cycle will pull up, and to a certain stage, or in certain factors, the steel price will focus on the outbreak of lift. For the present market, we tend to the latter. First of all, we counted on Friday, the domestic steel inventory was already close to year low, this will be the main factor that steel prices to continue to rise; In addition, the cost of the center of gravity of the continue to sharply up, the market bullish expectations have obviously and the space is widened; Again, macroeconomic indicators show that the current economy stabilises, policy and steady growth of overweight is to give the market demand gradually restore strong expectations, together with the international market is the major economies manufacturing recovery and stability in our country foreign trade policy of overweight would make exports or maintain good. For the current hong kong-listed steel prices to not only depends on crude steel production increase and decrease, also want to pay attention to the stand or fall of hong kong-listed demand changes. At present is not supply of decline, but turn a good sign of the demand and cost of party a, became the main factors to relieve the contradiction between supply and demand of the present, steel prices will also be urged to pull up the main engine. Today, therefore, the steel price increase degree will be expanded, in the short term rally continued.