Mining machinery prices are on the rise

Now the upsurge of steel price increases is already raging. As far as the current steel market is concerned, with the continued rebound in the prices of major steel products, some of the cold steel market last year began to come and go. The power of the money-making effect is indeed not small. The rise of steel products is closely related to the crushing machinery industry and the mining equipment industry. As a result, the price of crushers in the crushing machinery industry has also followed a certain increase.

First, analyze the reasons for the price increase of mining machinery:

1) The stock market in the steel market is seriously

The rebound in steel prices, coupled with abundant funds at the beginning of the year, directly pushed up the futures price of steel. Under the influence of the money-making effect, the newly-added funds have increased the market's expectation of the rising market, making the stock market trend of the current steel market more and more serious. Such changes have directly led to the change of the steel trading operation mode.

2) Realization of market mentality

This year's wave of market is mainly due to the low position of small and medium-sized traders entering the market to purchase, concentrating on the release of purchasing energy, and the steel mills taking advantage of the situation to control shipments, resulting in out-of-stock market specifications, which in turn raises the benchmark price of the entire market. Since there are no major changes in the major supply and demand side, this wave of market is mainly driven by market expectations.

After last year's market baptism, the attitude of most traders and steel mills has become more and more popular. The concept of reasonable profits has gained deep popularity among the people. Therefore, there are fewer traders who market the market this year, so as to explore potential market needs, provide timely services, and earn a reasonable profit. The number of traders is more than one, which reflects the maturity of the current market mentality, which in turn suppresses the drastic price fluctuations in the market, resulting in small fluctuations in the current high market price.

3) Forecast of future steel market trends

With the sharp rise in the prices of various types of steel products, the volume of transactions in the market has shrunk, and the trend of prices in the market has been uncertain. The trend of high-level operation of steel prices and public opinion bearish iron ore prices constitute a contradiction.

Looking at the trend of the steel price in the later period, the risk in the short term is not great, but if the purchasing needs of the downstream users are still not effectively released, the possibility that the steel price will continue to rise will not be great. The recent export contracts of steel plants are relatively full. The main production capacity is put on the export task, and the control over the resources in the domestic market is controlled, making the inventory structure more reasonable. However, export contracts after May due to the large fluctuations in the recent exchange rate of RMB, resulting in weakened export competitiveness of domestic steel resources, if there is no sudden market impact events, the latter steel export contract will be reduced. The surplus resources will certainly test the domestic steel market's ability to digest. Recently, some steel mills and large traders have brought their own forward contracts and agreements to the market in advance. In fact, this is a signal that the market outlook for steel prices The view is divided and the bearish power is gradually increasing. Therefore, the trend of the market should be cautious and not overly optimistic.

Therefore, in the coming period of time, due to the impact of steel prices, the price of mining machinery will also have a certain increase.