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Slump Over 50% Steel Market Ushered In Rebound

2008/12/24 0:00:00 46

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In the past two months, Chengdu

Steel products

Dealers are losing money as steel prices plummet, but now they see new opportunities.

Insiders pointed out that due to the construction and start-up of Railways and highways next year, and other factors such as post disaster reconstruction, the demand for steel will be stimulated again.

Market quotation

　　一天暴跌1000元/噸

In October 5th, Chengdu.

Steel products

Sellers are celebrating the national day.

A day later, they were told that the price of steel dropped by 1000 yuan per ton. After a week, the steel fell by more than 1500 yuan / ton.

Take ordinary plank as an example, in June this year, it hit a record high of 6700 yuan / ton.

But from July to September, it began to decline slightly, and after October, the price dropped to more than 3000 yuan / ton, or more than 50%.

Most dealers were in a loss because they failed to empty their inventory in time.

　　業內人士指出，今年上半年鐵礦石談判、奧運行情以及災后重建行情，令經銷商對市場估計過于樂觀并大量囤貨，從而推動鋼材價格一路猛漲。"當時，經銷商只需要把鋼材存在庫房，即便不銷售，鋼材價格的一路上漲也能讓人感覺到財富的增長。"成都龍泰金屬有限責任公司總經理李健說。但也有人士感到情況不妙。成都量力鋼材市場同業公會在8月召開緊急會議，建議經銷商盡量降低庫存。隨后，該協會近千家鋼材經銷商避免掉更大幅度的虧損，但部分經銷商虧損也超過百萬之巨。

Cause of collapse

　　虛高泡沫終被刺破

Why steel prices plummet?

Wu's article, which has studied the steel market for a long time, said that this is due to the erroneous judgment of the businessmen in the form. "Merchants have bet on a large amount of capital on the goods. The market of their judgment has not really stimulated the market demand, and the bubble has been expanding continuously.

In September, the global financial crisis broke out, and finally the price of bubbles was plunged.

　　一位鋼材經銷商稱，鋼材價格暴跌，部分鋼廠也因此停產，"因為鐵礦石價格幾乎跌到了成本紅線，鋼鐵廠不會虧本經營。而市場上，由于大量囤貨卻沒有多少可消化的渠道，經銷商也在繼續降低庫存。"這正是當下經銷商們應對鋼鐵市場"寒冬"的普遍做法。上述經銷商稱，現在成都多數鋼材經銷商基本是零庫存。

Plunge

after

Steel price

Warmer

Yesterday (22), at the meeting of the Sichuan steel circulation association, insiders pointed out that the steel market will reappear next year. Next year, the demand for steel products in Sichuan will reach 67 million tons. In the past year, the demand for steel products in Sichuan will be about 6 million tons per year.

This includes demand for railways, highways and the housing market, while the demand for steel for post disaster reconstruction will continue to increase.

　　據了解，現在鋼材經銷商基本都已空倉，這意味著流動資金都套現出來。省鋼材流通協會會長李健判斷，未來鋼鐵價格在需求拉動下將穩步回升，現在已有經銷商考慮逐步囤貨，但"對于當下的經銷商們而言，是否放量進貨還在考慮之中"。公開數據顯示，在經歷了兩個月的暴跌之后，目前鋼材價格已經有所回暖，各類鋼材價格距前期低點平均漲幅超過1000元/噸。"市場信心正在回暖。"李健說。

Editor: vivi