1. A substantial increase in ex-factory price
Recently, the coal, coal stirred the entire steel market, support from the cost side is one of the main reasons to promote the rise of steel prices, it is reported that the cost of coke is about 30% of the cost of steel, in the strong pressure of coking coal , steel production Enterprises close to the cost of profit and loss line, part of the cost or even upside down, very strong will to increase price . In addition, the transport costs are also forced to higher steel prices in November. Baosteel increased by 100 yuan; WISCO cold-rolled in November raised 100 yuan, now 1.0mmQ195 cold plate price is 4320 yuan, 1.0mm * 1250 * CQ195 cold volume prices arrive 4270 yuan; Anshan Iron and Steel prices in November: cold rolled coil : Base price increased 100 yuan, SPCC1.0 * 1250mm cold coil factory price is 4105 yuan. Benxi Iron & Steel in November: Table listed base price increase 150 yuan. DC011.0mm * 1250 * C coil listing price arrive 4100 yuan; two cold general cold table column base price increase 150 yuan. DC011.0mm * 1250 * C coil listing price is 4120 yuan. Shougang cold rolled coil prices increase 100 yuan, SPCC1.0mm * 1250mm cold rolled coil prices of 3900 yuan. Hebei Iron and Steel Group cold rolled coil increased 200 yuan, is 1.0mm * 1250 * CSPCC cold rolled coil implementation price of 4600 yuan. Steel prices ex-factory price increase after the formation of the spot market support.
2. Reducing to Put resources, market inventories declined slightly
October domestic cold-rolled stock market declined slightly. According to Lange Steel cloud platform monitoring data show that as of October 28, domestic cold-rolled coil stocks 1131300 tons, down 1.53% over the same period last month, lower than the same period last year 16.6%. Of which Beijing cold-rolled inventory of 2800 tons, up 16.66% over the same period last month, down 33.34% over last year; Tianjin cold-rolled inventory 63,500 tons, down 4.8 percent over the same period last year, down 8.64 percent over the same period last year; Stock 41.12 million tons, down 2.93% over the same period last month, lower than the same period last year 19.76%. It is understood that, due to lower car production and sales performance is good, steel direct supply sufficient orders, Anshan Iron and Steel and other parts of the leading steel mills to ensure that the direct supply of automotive steel orders, general cold production reduction, market resources to reduce the price rise is another major factor. At present, most of the contract orders in October has not yet arrived, the social distribution of resources, irregular or even out of stock, the stock market decline.
3. off-season advent ,cost and demand are intensified
According to the new financial media and Markit jointly released data show that in October China's new financial manufacturing purchasing managers index was 51.2%, the chain rose 1.1 percentage points, the highest since July 2014, showing a moderate expansion of the manufacturing operation. From the sub-data, October output growth momentum is more robust, the highest since early 2011, and led the PMI index rose. Respondent manufacturers to reflect the new business to increase support for the expansion of output. New orders for the month to further increase the total growth rate of 27 months to refresh the highest record. However, the new business growth, mainly due to strong domestic demand, the new export business during the month there was a slight decline.
