China Steel Industry Association executive vice president Luo has said that the introduction of steel futures in China in the Olympic Games time was determined after the end of 2008. Now the Olympics is over, the futures market for new varieties of the company's preparations have to push.
Recently, the reporter learned from a lot of futures companies, glue stick steel futures research already carried out, the report basically has been able to launch products, customers are also stepping up preparations for.
Market development has begun.
A head of futures research and development, told reporters: "Our company long ago set up a professional research group varieties of steel, the steel market monitor, always grasp the latest market developments. Meanwhile, the international steel market conditions,glue gun supply and demand trends in depth analysis, especially for species to be listed steel - wire rod, rebar depth investigations and studies, and according to the various factors affect the steel prices and macroeconomic analysis, expectations of future market developments and prospects. "
There are many futures company's R & D is not only equipped with the steel professional background of researchers, will also have many years of experience in the market are hedging with the Commissioner to the development of steel futures group, to provide hedging, arbitrage, speculation, etc. multiple transaction programs.
This bit responsible person said that the company was also the same time market training. In fact, many companies have begun to steel futures issued brochures, to attract individuals and businesses involved, learn about all aspects of steel futures and the futures market training.
Intense competition for large customers.
This reporter learned that the mainland futures with the Shanghai Baosteel and other steel companies well-known active contacts, Guotai Junan Futures also focus on the layout of the steel trade company in Shanghai, where most - Yangpu District. According to these futures companies to disclose, steel enterprises looking forward to a great launch of steel futures.
Mainland futures analyst Sun Zhiyin analysis that, in recent years, coke, iron ore and other costs to the growing iron and steel enterprises to increase operational risk, market volatility has gradually become larger, there is an urgent need for steel futures market, to form a transparent, impartial authority price, and provide hedging tools for the spot to reduce the risk.
Baosteel recently announced its fourth quarter, ex-factory price of steel, cold rolled steel products of Baosteel quarter, down from the previous quarter price of 300 yuan / ton, hot-rolled steel, down 200 yuan / ton. Galvanized down 150 yuan / ton. Baosteel said some steel product prices in the future will be adjusted monthly based on monthly changes. 6 months late from the beginning to the end of the domestic steel market, the rising price of the first half of the "Golden Age", prices began to plummet. Information based on the domestic steel sector, "My iron and steel" to provide the latest market reports, in 15 to 22 August of the week, domestic steel prices fell for 6 weeks, and the decline continued to expand. The construction steel prices have dropped about 200 yuan per ton, the price of steel has fallen below 5,000 yuan per ton mark; plate prices are down 100 yuan per ton to 450 per month; hot and cold coils prices also fell sharply, with an average decrease of 300 yuan / ton.
Analysts said the introduction of steel futures for steel trading company is expected to avoid price risk in advance and cost.
Market capacity considerable.
Steel futures so attractive, mainly due to steel futures this "cake" is large enough, a rich source.
It is understood that the development of wire rod and rebar is more mature of the two varieties of steel. Back in 1993-1994, the total turnover of the national total wire futures more than 452 million tons, turnover of more than 1.32 trillion yuan, the total settlement more than 251 million tons, and became one of the largest commodity futures trading volume. In recent years, China's steel industry is the rapid development of an annual growth rate of 6 million -700 million tons of substantial growth, the domestic steel market, the annual output more than 5 million tons, but this will be introduced varieties of steel - steel and wire production and consumption has reached about 154 million tons, accounting for wire rod and rebar the entire world more than 50%. Corresponding is: 16.568 million tons of global production of copper, copper domestic consumption of 400 million -500 million tons per year of copper, copper futures trading volume and transaction amount of 1.3 million tons and is about 7 trillion yuan.
Sun Zhiyin said: "According to research, we feel that the listing of rebar, wire rod futures, copper futures market capacity will be 10 times. Rebar and wire rod is an indispensable infrastructure products, the market demand side of the broad large . China is the world's largest general wire, steel producer. China's steel output ranked the first, second single species are rebar and wire rod. At present, these two species and year on year growth rate of production and still maintain the trend of substantial growth year after year. "