Shanghai commenced the “benchmark location cost of steel”

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 iron alloy Hu, leader of e-trading center, said more had 50% of iron alloy goods through direct sales by manufacturers to go in the end-user, 20% into the iron alloy market circulation trade, 20% direct trading agencies 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 president of Steel Trade of white rule in paragraph said that the spot price, including the Yangtze River Delta, the Pearl River Delta, Bohai three major consumer of steel prices in different regions, covering steel, wire rod, cold rolled hot-rolled, in the thick plate, color coating steel six varieties. Which is calculated by the daily closing price of the national market is based on steel samples, reference national steel consumption structure and volume, after the weighted average benchmark price after the draw.

He said that the existing worker metallic pricing mostly distilled in the hands of very many iron and metallic enterprises, even so the introduction of aspect prices can not modification this relative standing quo, but at least the market indications and transmitted in a timely manner to the many volume of metallic prices.