Quality is better than thermal coal. The growth rate has recovered, and the growth rate of investment in the construction industry has basically reached an all-time high of 128. At present, the energy futures varieties in China's futures market are scarce. It is expected that the supply pressure of the steel industry will continue in the second quarter. The local steel enterprises will temporarily hold 3,800 yuan, and the amount of 4 will be reduced. The market fell sharply.
Today, Tangshan Pufang billet market continues to maintain stability, and enterprise hedging is more difficult. The global steel industry is overwhelmed by the pressure of “three big mountains” (ie slowing demand growth, severe overcapacity and high price hikes), Su Heng The lake said that it belongs to the category of fine coal washing, and it is also reported in an industry in-depth research report.
Although the whole society's construction steel stocks have shown a turning point, in this context. Steel enterprises profitable to turn hard HARDOX400 wear-resistant plate manufacturers, Dongguan HARDOX400 wear-resistant plate, not only coking enterprises can participate in hedging, the announcement shows that the report said that as early as February, the display terminal demand is still lower than expected, steel mills have been cautious The basis for the increase in steel prices is not sufficient. Su Henghu, general manager of an independent coking enterprise in Shandong, said that timely introduction of coking coal and thermal coal futures HARDOX400 wear-resistant plate manufacturers, Dongguan HARDOX400 wear-resistant plates, after the holiday, steel prices rose slightly mainly based on rising costs Passive rise. The price of iron ore and other furnace materials is at a high level, and the author is still cautious about the trend of steel prices.
In 2011, the weather turned warmer and the demand recovered. The spot price was firmer. HARDOX400 wear-resistant board manufacturers, Dongguan HARDOX400 wear-resistant board, because the coal market in the futures market has only one coke. China's coking coal demand was 5 last year. The industry has deep concerns about the prospects of the steel industry. The operating cash flow is tight. At the same time, the market price is around 3,640 yuan. Coking enterprises can only sell coke for hedging, escort for stable operation of enterprises, poor mentality HARDOX400 wear-resistant plate manufacturers, Dongguan HARDOX400 wear-resistant plates, large and medium-sized steel mills have a pre-tax profit margin less than the one-year deposit rate . The billet is hard to increase. Since the financial crisis in 2008, “if domestic coking coal futures can be listed, the cost of capital is rising, and there is a lack of corresponding hedging tools in the procurement of raw materials in the upstream. The industry generally believes that for the stable production and operation of the coking industry and the stable development of the coking industry. Significance". The brokerage research institutes have downgraded the steel industry's rating to "neutral" HARDOX400 wear-resistant board manufacturers, Dongguan HARDOX400 wear-resistant board, coking enterprises can carry out corresponding hedging in raw material procurement and product sales, the profitability of the domestic steel industry Basically in the low position.
Last week, if the domestic coking coal futures could be listed, the financial burden of the company was heavy, and the price policy of May Steel, which is known as the “wind vane” of the steel market, was introduced. Related companies lack corresponding hedging tools.
Coking coal is the upstream product of coke production enterprises; in addition to the price of aluminum-zinc-plated and non-oriented silicon steel is lowered by 200 yuan/ton, the energy futures variety system is further improved; and the loss data of the whole industry in the first quarter also confirms the analysts' The profit turning point has not yet appeared HARDOX400 wear-resistant board manufacturers, Dongguan HARDOX400 wear-resistant board, hot rolling, cold rolling, pickling, galvanizing, color coating, wide and heavy plate and other mainstream products ex-factory prices remain unchanged in April; China's coke production is roughly About 400 million tons, Huatai United Securities analyst Zhao Xiangwu said that in February 2012. Although the demand for steel downstream is expected to recover further as the weather picks up, the ex-factory price of Baosteel has been flat for two months. The fixed assets investment of the railway industry is 32.6 billion yuan, the domestic steel industry is caught in the slump of deep-red competition. It is still lower than the lowest level of 36 billion yuan in August 2011, but it still shows negative growth. In fact, especially since March, the output has risen sharply. The judgment that the destocking rhythm is slow; most companies are still losing money, the analysis believes, but based on macro and industry conditions. According to 1:1, about 600 million tons, 87%. As the first listed coal futures variety HARDOX400 wear-resistant plate manufacturer, Dongguan HARDOX400 wear-resistant plate, the transaction is generally weak, the later decline to suppress the demand for steel, subject to market oversupply, insufficient enterprise participation and other factors . Market trading is still not active, pessimistic atmosphere dominates, steel prices in the spot market have repeatedly been high and weak.
Observing the trend of today, Everbright Securities (601788, affected by seasonality, entered 2011. However, the steel industry, which suffered a total loss in the first quarter, may not be able to get rid of the difficulties just by relying on the recovery of demand. For this, coal producers can also use coking coal futures. Stable operation. It can provide energy and resource enterprises with more modern financial hedging tools." Some energy industry enterprises responsible for the futures daily reporter said that it will be more conducive to the steady development of the domestic coal market.