The hottest focus is on the recent strong supply a

  • Detail

Focus on the steel market in the near future: the supply is strong and the demand is weak. The demand for construction steel is weakening in winter. The ore prices in the upper reaches remain strong, but it is still easy to rise but difficult to fall. According to the latest market report provided by "Xiben Shinkansen", a well-known domestic steel spot trading platform, the pattern of "strong supply and weak demand" in the construction steel market has been basically established, and the decline in the later period may become a trend. There is a jargon in the stock market: "a long-term market will fall." The recent construction steel market has fulfilled this sentence, and the steel price is weak and downward. As of the 16th, the Xiben index fell by 50 yuan a week at the price of 3820 yuan per ton. At present, the ton price of representative specifications of high-quality grade II deformed steel bars in Shanghai is about 3730 yuan; The quotation of high-quality grade III deformed steel bar in Shanghai was about 3800 yuan per ton, both down 50 yuan from the previous week. Market participants believe that the steel market has been in a wait-and-see state for half a month in the process of construction experiment, and now it has finally declined in an all-round way. In the southern market like Shanghai, there are not only the supply supplement of the surrounding steel mills, but also the low price of the northern resources going south. The difference in the holding cost of market resources is also widening. In addition, with the advent of winter, the real demand in the downstream gradually weakens. Under the background of high steel prices, the demand for hoarding goods at the end of the year is hesitant, so it is reasonable for steel prices to be under pressure

steel mills have a strong desire to increase production, but there are differences on ex factory pricing. Baosteel, the leading enterprise in the domestic plate industry, has taken the lead in introducing the ex factory price in December. It has raised the ton price of mainstream products such as cold rolling and hot rolling by 80 to 120 yuan. This is the second time that Baosteel has raised the ex factory price in a comprehensive way within a new round of technological revolution in the year, which has posed a severe challenge to the plastic processing industry to complete the upgrading of materials. It reflects that the situation of the plate market is getting better. However, the latest pricing of construction steel manufacturers is mainly stable. At present, the inversion between the ex factory price and the market price of the leading steel mills still exists, which indicates that the downward pressure on the pricing of steel mills is still large. According to the latest statistics of the National Bureau of statistics, the domestic crude steel output in the first 10 months of this year increased by 2.1% year-on-year. Among them, the daily average output of crude steel in October decreased by 1.3% month on month compared with September, but it is still at a high level as a whole. As for the release of steel production capacity, the general impression in the industry is that some domestic manufacturers can output 5 items (6). In the case of serious overcapacity of crude steel, once the profits of steel enterprises improve, the willingness of steel mills to increase production will become stronger. Beacon welding machine

the iron ore market is still an old problem: it is easy to rise but difficult to fall. At present, after a round of rebound, the ore price remains firm. In the domestic ore market, the price of iron ore concentrate in Hebei has remained basically stable, and the ore inventory of steel mills is still maintained at about 10 days, which makes the overall transaction in the iron ore concentrate market relatively light. The price of imported ore increased slightly. The price of 63.5% Indian fine ore was quoted at $123 per ton, up $1 a week. The Platts index of 62% grade iron ore was US $124.25 per ton, up US $0.50 a week

according to relevant data, China's iron ore import volume in October fell to the lowest level in the year, down by more than 13% compared with the previous month, but the increase of import ore price in the whole October was close to US $15 per ton. Many buyers in the mining market wait and see with money, waiting for the further clarification of the price direction

Copyright © 2011 JIN SHI