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In recent trading days, coke futures prices have also been very strong. In Friday night trading, the gains ranked first among the black-based commodities , rising 2.75% to close at 3,137 yuan. The recent surge in coal prices in the international market has given great support to the coke market.
In order to cope with the supply shortage of natural gas in Russia, EU countries such as Germany, Italy and Austria have also put down the banner of environmental protection and are restoring idle coal-fired power plants. Japan and South Korea are before the peak of summer electricity consumption. Step up efforts to reserve coal. Spot coal prices at the Port of Newcastle in Australia rose 3.4% on Friday, with the price breaking through $400 per ton, setting a record high.
Since the beginning of this year, steel profit margins have been almost completely eroded by the rise in coke prices. Although prices have been near historical highs, it seems unlikely in the near future to rely on falling coke prices to restore reasonable profit margins in steel production.
The sharp rebound in iron ore futures prices in the past week has not led to a sharp rise in rebar and hot coil futures, but they are still hovering at the bottom. The reality of weak demand in the off-season cannot make them "rising". The spot market for steel products suffers from the same problem. Some people pay for the low quotations of steel traders, while no one pays attention to the high quotations.
On Monday, a research report from looking for steel network reflected the crux of the problem in the current steel market. Judging from the questionnaire, the manufacturing industry has basically returned to normal, while the real estate and infrastructure industries are still facing difficulties.
From the manufacturing survey questionnaire: 61.78% of the surveyed companies stated that they were in full capacity production in June, 29.65% of the surveyed companies stated that operations were operating normally in June, 4.04% of the surveyed companies stated that operations were insufficient, and 4.53% of the surveyed companies stated that operations were insufficient or stopped. .
In terms of the real estate industry, in June, 44.53% of the surveyed companies stated that the operating rate was insufficient, 49.87% of the surveyed companies stated that operations were operating normally, 1.78% of the surveyed companies stated that production was at full capacity, and 3.82% of the surveyed companies stated that the operating rate was insufficient or suspended.
In terms of the infrastructure industry, in June, 40.63% of the surveyed companies stated that the operating rate was insufficient, 54.62% of the surveyed companies stated that operations were operating normally, 1.32% of the surveyed companies stated that production was at full capacity, and 3.43% of the surveyed companies stated that the operating rate was insufficient or suspended.
htmlThe overall start-up situation of the real estate and infrastructure industries has improved in June. The biggest factor affecting the start-up of the real estate and infrastructure industries is the shortage of funds. The steel procurement volume is expected to increase slightly in July compared with 6.
Judging from the above data, the prosperity of the two industries that have the greatest impact on steel market demand is still at a low level. It is a foregone conclusion that real estate steel use will not return to the level of previous years. Don't have too much hope for the increase in steel market demand.
Recently, there is another phenomenon in the steel market that is worth talking about here. After the current round of steel prices fell sharply, the price gap between the north and the south in the domestic steel market has further expanded. Due to the production reduction of electric furnace steel mills in the south, the price of rebar, the mainstream variety, is 230 higher than that in the north. The price difference of other steel products such as medium and thick plates, hot coils, profiles, etc. is close to 200 yuan/ton.
If such a large price difference had occurred last year or the year before last, northern steel would have moved southward by ship and train. However, this year steel traders have turned a blind eye to the high price difference, and the phenomenon of northern materials going south has almost disappeared. The reasons are: first, the market is indeed short of money, and second, the market lacks confidence.
