China's oil prices are expected to rise for the fourth consecutive year after hitting an eight-year high
On March 2, the international oil price rose sharply due to the situation between Russia and Ukraine and other factors. The main brent and WTI contracts rose more than 7 per cent at one point to break through the $110 mark. In the domestic futures market, the main contract of Shanghai crude oil futures hit the daily limit of 7.99% after the opening half an hour, and continued to hit a new high since the listing.
Analysts' view: Behind the surge in international crude oil prices is the increased uncertainty in the energy market as Russia encounters sanctions. International oil prices have been rising, meaning that the next round of domestic refined oil price adjustment is likely to rise, oil prices may rise four times in a row this year. Rising oil prices will increase transportation costs, especially iron ore, a raw material that relies on imports for a large proportion, and prices may rise.
Iron ore futures prices surged, spot increases
On March 3, the spot price of iron ore in Qingdao Port rose sharply, 61%PB powder up 25 to 950 yuan/ton, 58% Australian powder up 25 to 840 yuan/ton, 62.5% Ba powder up 25 to 1065 yuan/ton, 65% Ba powder up 10 to 1160 yuan/ton; Tianjin port iron ore spot prices rose sharply, 61%PB powder up 30 to 965 yuan/ton, PB block up 30 to 1230 yuan/ton, 62.5% Ba powder up 30 to 1070 yuan/ton, 65% ba powder up 30 to 1180 yuan/ton. Futures market, iron ore prices rose more than 9 percent.
Analysts view: by the international iron ore supply tension, the comprehensive impact of rising transportation costs, iron ore prices have significantly increased today, the formation of support for steel costs, good short - and medium-term steel prices.
Steel processing industry - Current status of the gauge slitting line
Growth in the construction, automotive and consumer gauge slitting line has played a big role in providing the needed boost to the global steel processing industry. The global steel processing industry is projected to grow at a CAGR of 6.86% between 2020 and 2026. Alloy steel is the fastest-growing segment of the global steel processing market and is suitable for all applications. If you have any questions about the gauge slitting line or want to seek our help. Send an email to firstname.lastname@example.org ，please feel free to contact us.
Metal and Steel Processing industry – the gauge slitting line market demand
Market demand for steel processing is expected to grow by us $642.43 billion by 2020, with a CAGR of 2.16% from 2015 to 2020. Growth in the global construction, consumer electronics and automotive industries has played a huge role in providing the necessary momentum for the global steel processing industry after the economic slowdown of 2007-2009. In addition, the reduction of alternatives to steel has made steel an indispensable part of customers lives. The recovery of the global gauge slitting line economy will also boost demand in the steel processing market.
The Asia-pacific region is expected to become the fastest-growing region in the steel processing market from 2015 to 2020. Major players in steel processing prefer agreements, contracts, joint venture and partnership strategies as well as expansion and investment to gain a larger share of the market. Leading gauge slitting line providers of steel processed products and services are focusing on emerging countries that are expected to show potential for industrial development in the near future.
Metal and Steel Processing Industry - Future planning of the gauge slitting line
The steel processing market is a highly fragmented one due to the huge demand for environmentally friendly products and changing technologies. Large companies rely on regional and local distributors to increase their market share and geographic distribution. The company is pursuing inorganic growth strategies such as acquisitions to respond to the growing demand for steel processing in key emerging markets. These strategies have helped the company build a larger customer and partner base in key gauge slitting line markets.
The application needs of steel processing are constantly changing and manufacturers must continue to invest in RESEARCH and development and come up with innovative solutions.
Steel deep processing is the only way for the development of the gauge slitting line steel industry. Chinas steel production is in the stage of oversupply, structural contradictions are: advanced production capacity and backward production capacity coexist; The shortage of high-end products and the surplus of low-end products coexist; Industrial concentration is poor.
Leading manufacturer of metallic processing machines, the gauge slitting line supplier
Foshan Te Xiang Machinery Co., Ltd is a China leading manufacturer of metallic processing machines, including slitting line, cut to length line, stainless steel polishing line, ERW tube mill line, roll forming machines, embossing line and etc.
Thanks to the experience acquired in many years of business in the field of sheet metal processing, and the continuous collaboration with downstream manufacturers that demand reliability and the maximum productivity, we have developed various types of cut to length line machines for special applications, with solutions at the forefront of technology, and able to reduce the production costs of the end product. TX CTL line can be incorporated with air cushioned, bomb-door type stackers, computer controlled high-precision 4 HI and 6 HI levellers, edge trimmer and etc.
According to the dimensions, thickness of the material, and production capacity, TX cut-to-length cutting lines can be divided into various types:
1)start-stop shear CTL line;
2)flying shear CTL line;
3)rotary shears CTL line ;
4)trapezoidal shear CTL line;
5)heavy gauge CTL line;
6)flat bar cut to length line
Aluminium buyers in the US physical metal market have held off on new orders amid fears of a recession triggered by rising inflation and supply chain crises. Spot aluminium trading on the market has been suspended in recent weeks, according to indus…
Prices in the national electricity market averaged $87 per megawatt-hour in the first three months of the year, above the level promised by the federal government. Wholesale electricity prices for industry and large businesses have already exceeded t…
There are many types of lubricants available, from motor oils to special lubricants such as lithium-based lubricants.…