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Saturday, April 25, 2009

Shanghai launched the "benchmark spot price of steel"

By Professional editor working for cheaponsale.

Yesterday, from Shanghai, Beijing, Guangdong Chamber of Commerce directed to iron alloy trade, a large number of iron alloy trade co-financing of the metal and iron alloy enterprise logistics stage - e-gold in the metal and iron alloy swapping center established in Shanghai, the center will insert the notion catalogue with the every day transactions for "iron and iron alloy Benchmark location charges ", to conceive the present treatment of the most broadly announced scheme location cost of steel.

Gold steel Hu, president of e-trading center, said more had 50% of steel products through direct sales by manufacturers to enter the end-user, 20% into the steel market circulation trade, 20% direct selling agents by the traders, 10% for export.

Outside the manufacturer outlets in this part of the flow of metal and iron alloy goods swapping, the need for a close liaison with the market standard cost of the public, in order that output and circulation enterprises to work out the tendency of market charges as an significant sign, especially in the ups and downs since the end of last year alterations in iron alloy charges in the household market, the more pushing 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 present household iron alloy charge mostly intensified in the hands of large-scale metal and iron alloy enterprises, whereas the introduction of standard charges can not change this rank quo, but not less than the market pointers and conveyed in a timely kind to the large capacity of iron alloy prices.

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