In the 15th week of 2011 (4.4-4.8), the Lange Steel (LGMI) Composite Price Index reached 189.7 points, a week-on-month increase of 1.21%, and an increase of 5.8% from the same period of last year. Among them, the LGMI long products price index was 213.6 points, a week-on-month increase of 1.17%, an increase of 6.44% compared with the same period last year; LGMI sheet price index was 160.9 points, a week-on-week increase of 1.26%, an increase of 4.78% over the same period last year. According to the Lange Steel Information Research Center weekly price forecast model data, it is expected that the overall price of the domestic steel market will continue to fluctuate and rise next week (2011.4.11-4.15). The Lange Steel Composite Index is expected to fluctuate around 191 points. The average steel price is around RMB 6020 (see Figure 1 for details), and the average fluctuation is around RMB 50. Figure 1 Lange Steel Price Index Change Trend 1. The market price of major steel products in the country rises or falls According to market monitoring by Lange Steel Information Research Center, as of April 8th, 2011, the prices of 12 major steel products in the 10 major cities in China have risen and fell. Among them: Φ6.5mm high line average price of 4754 yuan, up 59 yuan last week; Φ25mm secondary rebar average price 4801 yuan, up 71 yuan last week; 5.5mm hot rolled coil average price 4838 yuan, than Weekly up 74 yuan; 1.0mm cold-rolled coil average price 5652 yuan, up 8 yuan last week; 20mm plate price 4919 yuan, up 66 yuan from last week; 4 inches welded pipe price was 4922 yuan, up 46 from last week Yuan; 108*4.5 seamless pipe price was 5,923 yuan, up 15 yuan from last week; 25# I-beam price 4695 yuan, up 12 yuan from last week; domestic 5# angle steel price 4765 yuan, up 19 yuan from last week 25# channel steel prices 4695 yuan, up 7 yuan from last week; 1mm galvanized sheet price 5744 yuan, up 12 yuan last week; 0.47mm color coated board price 6625 yuan, down 30 yuan from last week. Table 1 Changes in market prices of 17 categories and 31 varieties of 2011 15 weeks (2011.4.4-4.8) Unit: Yuan Yu Tung Variety name Representative product specifications Major sales market market price Change 14 weeks in 2011 15 weeks in 2011 4 mm Wuxi 22000 21700 ↓300 Color coated board 0.47mm Jingjin 6350 6300 ↓50 Iron ore 66% acid powder dry basis Hebei 1450 1450 → Coke Secondary metallurgical coke Shanxi 1800 1800 → Scrap Heavy waste≥6mm Shanghai 3650 3650 → altitude 6.5 mm Beijing 4780 4780 → Cold plate 1.0mm Tianjin 5650 5650 → Seamless tube 108*4.5 Tianjin 5750 5750 → I-beam 25# Beijing 4750 4750 → Angle Steel 5# Beijing 4670 4670 → Channel steel 25# Beijing 4750 4750 → Stainless steel cold roll 0.8 mm Wuxi 25000 25000 → Carbon steel 45# 20mm North China 5250 5250 → Combined steel 40Cr 20mm North China 5600 5600 → Galvanized sheet 1 mm Jingjin 5700 5700 → Narrowband 355mm Tangshan and Tianjin 4570 4600 ↑30 Broadband 520mm Tangshan and Tianjin 4590 4620 ↑30 Rebar 25 mm Beijing 4840 4880 ↑40 Welded pipe 4 inches (3.75) Tangshan 4750 4790 ↑40 Carbon plate 16-20 Tianjin 4700 4750 ↑50 Low alloy plate 16-20 Tianjin 4900 4950 ↑50 Variety board 16-20 Tianjin 5030 5080 ↑50 Welded pipe 4 inches (3.75) Beijing 4820 4870 ↑50 Seamless tube 108*4.5 Shanghai 5700 5750 ↑50 Seamless tube 108*4.5 Liaocheng 5600 5650 ↑50 Billet Carbon 150 billet Tangshan 4330 4390 ↑60 Billet Low alloy 150 billet Tangshan 4450 4510 ↑60 Hot roll 5.5mm Tianjin 4680 4750 ↑70 Welded pipe 4 inches (3.75) Tianjin 4780 4860 ↑80 Narrowband 145mm Tangshan and Tianjin 4530 4620 ↑90 Hot roll 5.5mm Shanghai 4650 4750 ↑100 As the overall steel market continues to show a slight recovery, small steel mills (Shandong Shiheng, Henan Jiyuan, Xiamen Zhongda, Fujian Sanbao, etc.) raised the ex-factory price of long products, and this week the major steel mills also adjusted the ex-factory prices of long products. Mainly, and the ex-factory price of plate species is adjusted. This week, major steel producers such as Egang, Lingsteel, Pancheng Steel, Jinsteel, Kunming Steel, Handan Iron and Steel, Bayi Steel and Baosteel issued pricing policies for major steel products. At present, the prices of mainstream varieties have risen and fallen, making the market prices in the 15th week (4.4-4.8) of 2011 the same as the inversion prices of the ex-factory prices. The ex-factory price of 7 steel products is higher than the market price (see the table 2) It is unchanged from last week. As the market price rises and falls, and the ex-factory price of steel mills increases, the upside down rate remains basically unchanged; at the same time, only stainless steel heat level and angle iron market prices are lower than the cost price. Table 2 Comparison of the actual price of the 17th category of 31 varieties in the 15th week (4.4-4.8) and the ex-factory price of major steel mills Unit: Yuan Yu Tung Variety name Representative product specifications Major sales market market price The main steel factory ex-factory price difference percentage(%) Stainless steel heat level 4 mm Wuxi 21700 24800 -3100 -14.29 Stainless steel cold roll 0.8 mm Wuxi (TISCO) 25000 26600 -1600 -6.40 Cold plate 1.0mm Tianjin (Angang Steel) 5650 6000 -350 -6.19 I-beam 25# Beijing (Laiwu Steel) 4750 4960 -210 -4.42 Channel steel 25# Beijing (Laiwu Steel) 4750 4860 -110 -2.32 Carbon steel 45# 20mm North China (first) 5250 5350 -100 -1.90 Variety board 16-20 Tianjin 5080 5110 -30 -0.59 At present, the market is still facing greater supply pressure. The tightening of monetary policy will make it difficult for steel trading companies to raise funds. Both high production and tight funds will have an adverse impact on the steel market. However, in April, the construction project will be fully started. Terminal demand will gradually increase, and the destocking process that promotes social steel stocks will accelerate. In the later period, domestic steel market prices will fluctuate slightly. National steel stocks have been steadily declining At present, the nation's steel stocks have been steadily declining. The decline in building materials stocks has slightly accelerated, while the decline in sheet stocks has slowed slightly. According to market monitoring by Lange Steel Information Research Center, on April 8th, the National Steel Social Inventories Index was 199.85 points, down 2.42% from the previous week, which was basically the same as last week's decline rate; of which, the building materials social inventory index was 237.74 points. It fell by 2.42% from the previous week, and was 0.32% faster than last week's decline rate. The social inventory index of slabs was 170.14 points, down 2.51% from the previous week and 0.28% from last week. Steel ** market gradually clear In the 15th week of 2011 (4.4-4.8), the trend of the main contract of the 1110 thread still gave people a feeling that the three consecutive days of Yang Xian received more confidence in more singles and allowed the current tangled market to gradually Clearly. This week, the 10 contracts of screw thread got rid of the embarrassment of 4800. The price has pulled up sharply since the opening on the first trading day, and broke the 4848's neckline position as the double bottom of the technical pattern. The price has also made the market upward. The trading volume began to heat up. In the last two trading days, prices continued to form upward trend, but the price trend slowed down and the amplitude became smaller. The price was pressured at the 60-day moving average and did not break above the 60-day moving average before the close. 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2. The adjustment of the ex-factory price of the long steel and sheet products of the dominant steel mills
3. It is expected that the price of mainstream steel products will increase slightly in the first week of 2011 (2011.4.11-4.15).