Since the end of April, domestic steel prices have been showing a downward trend in the past 100 days. However, in recent days, various steel mills have seen a large increase in product prices. Since July 20, steel prices in various markets across the country have been collectively rising.
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The industry believes that the current rising performance of steel prices is a technical rebound in the circulation sector, which is the result of the long-term suppression of the concentrated release of mentality. Due to the lack of fundamental support for the market's gains, the upswing may be short-lived beyond expectations, so experts recommend that market participants should not follow suit. At present, the inventory of imported minerals in domestic ports is as high as 72 million tons, and the steel inventories are also high. Most steel mills are squatting on the cost line. The ore rising steel is sure to follow, but the follow-up space is limited, and the short-term steel prices are difficult to have. Big performance.
Although there has been a general increase in the country, the market turnover has not changed much. Relevant industry analysts believe that the current market is a long-term fox and tiger market, about a week later, everything will be flat. Recently, the domestic steel market price continued to rise. The price of hot-rolled sheet rose gradually; the price of cold-plate market showed a narrow upward trend; the price of medium-thick plate continued its previous gain; the market price of coating increased slightly; the price of strip continued to rise; the price of welded pipe showed signs of general growth. The price of seamless pipes remained stable and the profile market continued to rise. The specific market conditions for the stainless steel and pig iron market are as follows:
Stainless steel market: Recently, the domestic stainless steel spot market price rose slightly, and the increase was mostly at 100 yuan/ton. Major domestic stainless steel producers will continue to maintain their previous production and insured prices in August, and traders are worried that this move will make the already inadequate market supply more “stretchedâ€. The domestic stainless steel spot market price showed a slight increase, and the market transactions were also general, but the trading atmosphere was active. Due to the continuous reduction of steel mills, some stainless steel resources in the trade market are in short supply. At the same time, the market price has been relatively firm recently. After the nickel price in the London metal trading market rose overnight, the price of stainless steel rebounded. Most traders have no stock. It is difficult to have an accurate quote for the spot price. Although the steel mills have gradually reduced their production after continuous production cuts in June and July, due to insufficient support from downstream demand, the current price increase is only a short-term correction, and its impact on the overall market is very limited.
Pig iron market: The domestic pig iron market has generally increased in price increases, and the increase rate is within 100 yuan per ton. The transaction status has improved slightly and the inventory is small. Recently, some domestic steel mills have raised the ex-factory price of related steel products. Steel billets and domestic mines have all risen. The market has rebounded in some areas after nearly three months of continuous decline. With the rebound of the futures market, the spot market has also risen. Price phenomenon. Some insiders believe that the market is not long-lasting and should be a technical repair after the oversold. The further development of the market still needs continuous observation. As the domestic pig iron market showed an upward trend, the related products rose by 50 yuan / ton ~ 70 yuan / ton, the transaction situation slightly improved, the inventory fell significantly, traders purchase slightly positive, coupled with the recent steel product prices of some steel mills also appeared A small increase has caused the pig iron market to oscillate, but some industry insiders are not optimistic about the persistence of the market.
In summary, it can be seen that although the steel price has risen overall, most people think that this price increase may be a short-lived situation when the downstream demand has not changed fundamentally. Therefore, the textile machinery manufacturing enterprises must also bear the temperament, and temporarily do not reserve a large amount of steel raw materials. After a period of time, the steel prices will still fall.
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Steel prices are short-lived
Abstract Since the end of April, domestic steel prices have been showing an oscillating downward trend in the past 100 days. However, in recent days, various steel mills have seen a large increase in product prices. Since July 20, steel prices in various markets across the country have been collectively rising. ...