June 25, although the Shanghai and Shenzhen stock markets to maintain the pattern of high volatility, but Daye Special Steel's share price performance is quite strong, up 0.31 yuan, or up to 3.96%, and the other companies TISCO stainless steel shares also rose by 0.11 yuan, the rate of increase of 1.4%, significantly outpaced the market. This is the stainless steel market recovery of the signal?
Stainless steel companies have announced price increases is a case in point. June 23, TISCO stainless issued a circular to the thickness of 2 mm cold-rolled coil prices 304/2b adjusted to 20.12 thousand yuan / ton, prices have continued rising trend.
June 24, industry experts, Zhang Feng, the second held in Wuxi China Stainless Steel Industry Chain Summit Forum, made it clear that the market's optimism of stainless steel is expected to "This year is mainly short-term profitability."
Although there are the better signal, but the whole sector is still shrouded in the two major factors, the "shadow": nickel price and capacity.
When disturbed from the nickel price
This reporter has learned, nickel is the production of stainless steel raw materials, an important component. Zhang Feng believes that volatility in nickel prices in recent months has become depressed steel companies one of the reasons the state. He predicted, "Last year, nickel prices have reached the bottom of history, this year will not be diving, or even within two years, could return to highest level in history."
"Nickel has a natural advantage, with the value of gold as a reserve. Part of the Wenzhou businessmen in nickel prices last year, when a large number of grain purchasing and storage at the lowest accumulation of nickel." Zhang Feng said.
Nickel price trend has therefore become the most talked about a number of stainless steel business information. Baosteel chairman Xu Yue Jiang has made it clear that upset the financial markets last year, nickel prices, resulting in Baosteel are losing money.
Chinese Special Steel Association Stainless Steel Branch, president of Lee Sung-made response to recommendation: "shorten the procurement cycle, holding or even direct control of the upstream resources; enterprises should have a long-term strategic vision.
Also has the industry have suggested, create a nickel futures and hedging, which may be of stainless steel production enterprises get rid of "troubled by the nickel price," a good way. However, Li Cheng opposing views, he believes, "Futures will not solve the fundamental problem, and may even lead to further market speculation nickel boom.