Monthly Review Of Coated Wire in July

Monthly review of coated wire in July

  Since this month, most of the subcontracting core trend first weak after strong, the early stage mainly by silicon calcium, metal magnesium, calcium metal and other raw materials weak market pinned down, later with cold rolled steel continued to rise sharply, most of the subcontracting core price appeared a small rebound. Silicon calcium cored wire due to the market silicon calcium alloy decline is larger, it is difficult to keep pace with the cold-rolled strip steel increase, so the price did not show signs of rising. From the perspective of the status quo of the terminal market, although steel prices have strengthened, from loss to profit, but demand has not been boosted by the impact of prices, more optimistic, steel prices have risen so that steel companies have eased the price phenomenon of coated wire. In the case of no improvement in demand, the overall industry is also difficult to have a substantial boost.

In the statistical sample of 60 coated wire production enterprises, 53 enterprises started production in July, the operating rate was about 88.33%, an increase of 1.66% from the previous month. It is expected that the total output of wrapped core wire in July is about 20,380 tons, which is about 1,585 tons less than the previous month.