Downstream Profit Of Copper Stranded Wire

According to the information on the resumption of mine production in Brazil, early on April 16, local time, Vale has been authorized by the judge to resume the use of the Brucutu dam, which will have an impact on the market. In general, with the gradual warming of the weather, the pressure on the stock of strip steel is not large, but the output is gradually increasing.

After entering the second quarter, the market focus of strip steel will turn to the speed of downstream demand release and its inventory changes. The release of steel mill output is directly related to whether the supply and demand relationship can be balanced. If demand does not show a year-on-year increase in April, then it will be Unable to support steel prices out of the medium and long-term rising market. On the whole, it is expected that the price of strip steel will be mainly sorted in a narrow range in the short term.

Steel plant maintenance and capacity development: New data from the Bureau of Statistics shows that the national crude steel, pig iron, and steel output in March all increased year-on-year. Among them, the national crude steel output in March was 80.33 million tons, an increase of 10.0% year-on-year, and the national steel output was 97.87 million tons. , an increase of 11.4% year-on-year. According to this calculation, the average daily output of steel in March was 3.157 million tons, a month-on-month increase of 251,000 tons per day, an increase of 8.6%. According to the observation model of Fubao Iron and Steel, as of April 17, the profit per ton of (wet base) blast furnace rebar reached 715 yuan/ton, an increase of 63 yuan/ton or 9.7% from the previous week; the profit per ton of electric furnace rebar reached 558 yuan/ton. ton, a week-on-week increase of 17 yuan / ton, an increase of 3.2%. Under the trend of increasing profits, there is still room for further improvement in the supply of steel in the later period.