In December 5th, the Taiyuan coal trading price index closed at 139.64 points, a decrease of 0.17% compared with the annulus, and the index has risen 20 times continuously, which is the first time since July this year. The next steel form the whole should be weak to strong, but the problem is that if the production of iron and steel enterprises rush into danger brass, copper, steel products prices will not necessarily reduce, after all, for still oversupply, prices fall is also a high probability event.


Since then, from the beginning of November, the thermal coal price index of Bohai rim has ended "eighteen consecutive rises", which has been continuously rationed, until November 30th, it fell below the 600 yuan / ton pass and closed at 599 yuan / ton. The company is a professional company engaged in the sale of copper tube and brass tube. It has the best quality and won the favor and approval of a large number of importers.


Some analysts said that the crazy rise of the coal price in early stage is closely related to the shortage of railway capacity, because the logistics accounts for more than half of the total cost of coal, and after the strict control of the price of coal, the price of coal has stabilized.


But generally, a rise in or a fall in coal prices will affect steel prices. It is inexplicable that the price of coal has been stable since November, but the price of steel is rising.


The price of coal does not affect the price of steel at present


"Iron and steel production requires the use of coke, 1 tons of steel production to 0.4 tons of coke, 1 tons of coke 1.4 tons of coking coal production, if coal prices rise, certainly will lead to coke and steel prices." Yesterday, an industry analyst told the "Securities Daily" reporter.


Data show that in December 5th, the Hebei area three thread, steel billets, hot rolled prices were 2780 yuan per ton, 3030 yuan, 3550 yuan, respectively over the same period last year rose 85%, 70%, 100%.


This price rise is not directly proportional to the rise and fall of coal prices.


Since this year, the profit growth of iron and steel enterprises is more dependent on the rise in prices. There are market figures that the fall of steel prices in the fall is mainly due to the cost lift caused by the shrinkage of raw material supply.


Due to the decrease of supply, the demand for heating and electric coal increases after the three quarter, and the supply and demand of coal has been unbalanced in the short term. The price of coal is nearly 3 times higher than that of the same period last year. At the same time, the price of iron ore also rose sharply, breaking through 70 US dollars / tons, or more than 20%.


It is understood that with the national development and Reform Commission put forward to ensure that coal has a certain inventory, and to ensure long-term cooperation agreement price stability, coal prices have stabilized. In recent days, the coal prices of the 5500 big cards in Qinhuangdao have declined slightly, 5 yuan to 10 yuan per ton than the previous days. At the same time, coke prices have not risen for 20 days.


Industry analysts point out that the current rise in steel prices may be related to the stability of manufacturing demand. In addition, the market supply has not seen a large increase. The main reason is that the central environmental inspection group has been stationed in many provinces and cities, making some local steel mills temporarily shut down and overhauled, which reduces the steel supply. At present, the price of coal is slightly down, and it is good for steel. "In the case of large demand that has not increased, supply is also decreasing, so the price of steel is still stable." These industry analysts say.


In addition, for the future steel will be affected by the coal price fall, the analysts said that coking coal and coke prices have declined, but the magnitude is small, which has little impact on the steel industry. At present, the regulation of real estate in the first and second line cities will have at least half a year to really affect the demand for steel.


9 annual reports of steel enterprises


This year, benefiting from the rise in steel prices, steel prices listed profits have been "turn the world upside down" changes, the first three quarters of this year there have been a lot of steel profitability, according to reporters through the Oriental Wealth Choice statistics, as of December 7th, there are 13 listed steel enterprises released the annual report notice, among them, 1 net profit slightly reduced, a slight increase of 1, 4 losses, the first 1 losses, 1 continued losses, 2 continued earnings, 2 pre growth, 1 uncertain.


From the performance point of view, these 13 companies have 6 announced the expected net profit, which topped the list at Sansteel light. According to the company's three quarterly show, is expected to achieve annual net profit of 538 million yuan to 743 million yuan, the reason for the change in performance, the company said, in 2016 January to September, in the national policy of strict control, steel production capacity expansion trend has been checked, and the demand of the domestic steel market has improved significantly, steel prices rising, corporate earnings have obvious the improvement of the issuance of shares in 2016 and April; the company completed the purchase of assets, assets related to formal transfer to the name of the company, to further reduce the cost of steel company, enhance the company's profitability. But at present, the increase in the price of iron powder and coke and the rising of transportation cost have made the cost of steel improved and squeezed profit space. It is expected that the net profit attributable to the shareholders of listed companies from January to December 2016 is 158%-180% higher than that of the same period of last year.


At present, the 13 companies in 5 announced a net profit margin changes, including Baosteel to net profit growth of 800% for the temporary advance by the king. For the reasons for the net profit growth, Baoshan Steel shares indicated that the overall cost reduction is reflected in the performance of the landing boost. According to the external market volatility, the company around the eyes inward, purchasing, manufacturing cost reduction, cost reduction, reduce the loss of cash spot etc., and vigorously promote cost reduction initiatives, downsizing and efficiency.