On May 10, the bulk of commodities soared collectively! Facing the fierce rise in the futures market.
The rise in spot prices has become the biggest driver of the futures market. On May 10, Baosteel Co., Ltd. announced that it would raise the base prices of various products. On the same day, the ex-factory price of Tangshan billet was raised by 150 yuan per ton to 5650 yuan/ton, setting a record high.
On May 10, during the night trading hours, ferrous commodities opened sharply higher. As of 9:30 in the evening, the price of non-ferrous metals has fallen, but the price of ferrous metals has further risen.
Among them, the rebar futures opened at 6113 yuan per ton, a new high, and the iron ore futures hit a new high of 1346.5 yuan per ton. During the day and night trading hours, non-ferrous metals dropped somewhat. After Shanghai copper broke through the 16-year high during the daytime trading hours, it dropped somewhat, and Shanghai aluminum futures continued to remain strong.
On May 10, Shougang announced that the cumulative order volume from January to May was 3.5 times that of the same period last year; the order volume for high-end non-oriented electrical steel continued to grow, and the order volume exceeded production capacity by 50%. The current supply and demand fundamentals of the steel market are in a tight balance, and it is expected that the domestic steel market prices will continue to fluctuate and run strongly in the short term.
Not only is domestic demand strong, but overseas demand is also rising. By the end of March, China\'s steel price index rose by 37.37% year-on-year, and the international steel price index rose by 58.9% year-on-year. The price increase of steel products in the international market was significantly greater than that in the domestic market. The price of No. 1 heavy scrap steel in the United States rose from US$300 per ton at the beginning of the year to US$440 per ton, an increase of 47%.
Under the situation of unbalanced supply and demand structure, high dependence on imports, and the Platts index "easy to rise but hard to fall", the steel industry should pay more attention to the futures function, actively participate in the domestic futures market, and leverage the deep integration of industry and finance to make use of futures price discovery and hedging risks. The basic functions of the steel industry will jointly promote the establishment of an open and transparent market-based pricing mechanism, strive to change the passive situation of iron ore pricing, effectively hedge the risk of price fluctuations, and maintain the high-quality and stable development of the steel industry.
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Due to changes in consumer demand,import and export conditions,and various investigations on the development of Nano Titanium Boride,the cost of Nano Titanium Boride is constantly changing.Taking into account the current market macroeconomic parameters, value chain analysis,channel partners,demand and supply,the cost of Nano Titanium Boride will also be affected to a certain extent.It is estimated that the cost of Nano Titanium Boride will increase slightly from today to next week.
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