![August 13 Steel Price Forecast]()
On the morning of the 13th, the price of building materials in all parts of the country rose rapidly, and prices continued to rebound.
In the market, the prices of leading steel mills are collectively higher. With the continuous rebound of raw material prices, the spot market arrival cost in the latter period must also be apt to rise and fall, ** go high, go higher, spot confidence boosts, and market price sentiment also increases. Rapid spread. However, after the spot price continues to rise, the market risk is also accumulating. Although the market is not worried in the short term, but in the current industry capacity, the business should also be rational.
In terms of cost, the ex-factory price of billet in Tangshan rose by RMB 20/t yesterday, and the current ex-factory price was RMB 3160/t; while the price of 63.5% of India's fines was up by RMB 1/t, and the offer price was US$ 136.75/t. As for the steel mills, due to the weekend leading steel mills such as Shagang and Yonggang, they issued the price policy for building materials in mid-August. After that, second and third-tier steel mills in various regions subsequently increased their product prices, ranging from RMB 10-60 per ton.
In terms of news, the local debt review storm blew into real estate, Guangdong proposed to suspend the input of funds to real estate; in July, *****69 billion was added, M2 increased by 14.5% year-on-year, negative growth from the previous quarter; the former July urban security housing project started 500 Tens of thousands; State-owned Assets Supervision and Administration Commission official: A new round of corporate debt has come back; the State Council: Energy conservation and environmental protection have become the new pillar industries. By 2015, the total output value of energy-saving and environmental protection industries will reach 4.5 trillion yuan.
Taken together, the mentality of the business mindset and the momentum of short-term upward momentum remain, and it is expected that the price of building materials will continue to rise.
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