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Last week API 5CT J55 price shocks
According to the Commerce Department of Hunan province and Hunan province new products group information center for the last week (November 6th -11 months 12) I 57 steel circulation sample enterprise market monitoring, and last week than (the same below), a slight rebound in market prices. The construction of steel, cold rolling, plate, large and medium-sized timber prices have different prices. As follows:
The construction of steel: last week, the construction steel market prices continue to rise. As of November 12th, Φ 6.5mm high speed wire rod price 3710 yuan (per ton, the same below), Phi 25mm two screw steel price 3780 yuan, than last week rose 40 yuan and 90 yuan. At present, Changsha market construction steel inventory total about 162000 tons, higher than last week to reduce the 20000 tons, of which the stock rebar and wire rod is respectively 120000 tons and 42000 tons, respectively, compared with last week, a decrease of 13000 tons and 7000 tons. Entered in November, steel and other raw materials costs rise in price, market is "high cost, low price, low inventory" of "one high and two low" pattern, the recent period of steel, electronic plate Market in the rose. When most rise conditions are satisfied, and the ex factory price, the promotion, the spot market out of the wave of slightly higher prices. Prices, the market turnover is. Considering the late with the cold weather, the north south to South material increased, prices influence the form, our province businessmen operation still cautious. Next week is expected construction steel market prices will rise at a steady.
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