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Saturday, April 25, 2009

Shanghai commenced the "benchmark location cost of steel"

By Zou cheaponsale

Yesterday, from Shanghai, Beijing, Guangdong Chamber of Commerce led to metallic deal, a many diagram of metallic deal co-financing of the iron and metallic enterprise logistics platform - e-gold in the iron and metallic dealing center positioned in Shanghai, the center will introduce the thought index with the daily transactions for "iron and metallic Benchmark spot prices ", to write the existing coverage of the bulk widely advertise system spot price of steel.

Gold metallic Hu, president of e-trading center, said more had 50% of metallic goods through lead sales by production plants to enter the end-user, 20% into the metallic market dissemination deal, 20% lead exchanging staff by the traders, 10% for export.

Outside the factory outlets in this component of the flow of iron and metallic goods dealing, the deficiency for a seal liaison with the market aspect price of the public, so that demonstration and dissemination enterprises to determine the trend of market prices as an noteworthy indicator, principally in the ups and downs since the end of terminal year modifications in metallic prices in the worker market, the more imperative needs.

Shanghai Federation of Industry and Commerce Chamber of Commerce vice leader of Steel Trade of white direct in paragraph said that the location cost, encompassing the Yangtze River Delta, the Pearl River Delta, Bohai three foremost buyer of iron alloy charges in distinct districts, covering iron alloy, cable rod, freezing revolved hot-rolled, in the broad plate, hue outer level iron alloy six varieties. Which is calculated by the every day concluding cost of the nationwide market is founded on iron alloy trials, quotation nationwide iron alloy utilisation structure and capacity, after the weighted mean standard cost after the draw.

He said that the current domestic steel pricing mainly concentrated in the hands of large-scale iron and steel enterprises, although the introduction of benchmark prices can not change this status quo, but at least the market signals and transmitted in a timely manner to the large volume of steel prices. - 18758

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