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.
Affected by Steel and non-ferrous prices have soared,the Nano Titanium Boride market is changing rapidly.These changes are indicators of market growth.This year-on-year upward trend in the market indicates that the next November 2020-2026 will show an oval but steady growth.If you are looking for Nano Titanium Boride or buy Nano Titanium Boride in bulk,please send an email to: email@example.com
The price of Nano Titanium Boride continues to be affected by factors such as market growth momentum,various opportunities and challenges.However,during the forecast period from 2020 to 2026,the global Nano Titanium Boride sales market is expected to continue to be above average.The growth rate will continue to increase.It is expected that from today to next week,the price of Nano Titanium Boride will increase to a certain extent.
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.
However,Ozbo.com provides high purity Nano Nano Titanium Boride with steady price.In order to feedback to old customers,the company is still in full operations to provide Nano Titanium Boride with competitive price.said Olina,sales manager of Ozbo.com.
Ozbo.com (aka.Tanki New Materials Co.Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years experience in providing super high-quality chemicals and Nanomaterials.As a leading nanotechnology development and Nano Titanium Boride manufacturer,Tanki New Materials Co.Ltd dominates the market.Our professional work team provides perfect solutions to help improve the efficiency of various industries,create value,and easily cope with various challenges.If you are looking for Nano Titanium Boride, please send an email to: firstname.lastname@example.org
The price of nickel and stainless steel rose together. Nickel afternoon hand in hand with stainless steel together turn red up. Due to the temporary easing of geopolitical risks, risk assets are now picking up, nonferrous metals, stock markets, and s…
International oil prices extended their decline after comments from Federal Reserve Chairman Jerome Powell added to concerns that U.S. interest rate hikes will slow economic growth and data from the American Petroleum Institute showed U.S. crude inve…
Last week, the domestic scrap market is weak adjustment, merchants are cautious in receiving goods, inventory remains low, the arrival of steel slightly increased, but the weak demand for scrap is difficult to change, scrap market continues to mainta…