03
2019
-
12
Domestic steel price rose slightly
Author:
The demand release speed of domestic spot steel market is accelerating, but various constraints still exist more or less, so the increase of spot steel price is limited. The iron ore market is basically volatile.
The demand release speed of domestic spot steel market is accelerating, but various constraints still exist more or less, so the increase of spot steel price is limited. The iron ore market is basically volatile.
In the recent week, the domestic spot steel price composite index closed at 145.21, up 0.46% in the week. This basically continued the trend of slight increase. Specifically, at the beginning of the week, with the steel futures market surging and strengthening, the volume and price of the spot steel market rose, and the mentality of the merchants was improving. However, after the rise of steel price, the wait-and-see mood of end users began to rise again, and the market turnover continued to decline, and the quotations of merchants also loosened. At the same time, the leading steel mills in East China issued a "drop" on the latest ex-factory quotation of construction steel, which also blew a "cool wind" to the market to a certain extent.
According to analysis, in the construction steel market, the price rose slightly. The average price of the mainstream specification rebar varieties in the main markets of the country is 3900 yuan per ton, up 35 yuan a week. From the latest inventory data of steel market, the total inventory continues to decline, indicating that the terminal demand is gradually released. In addition, the steel futures market and the billet price still have an upward momentum, which has brought some support to the spot steel market.
In the plate market, the price generally rose. The price of hot rolled sheet and coil continued to rise. The average market price of hot rolled products of mainstream specifications in the main markets of the country was 4001 yuan per ton, up 25 yuan a week. The price of medium and heavy plates has increased significantly. The average price of the mainstream standard medium and medium plates in the main markets of the country is 4217 yuan per ton, up 34 yuan a week. At present, the temperature is warming up and the terminal demand is gradually released, but at the same time, the inventory pressure remains, the supply of steel mills has not decreased significantly, and different market factors are interacting.
The iron ore market is generally in a state of volatile operation. According to the latest report, in the domestic ore market, the price of iron concentrate in Hebei is basically stable, and steel mills are generally cautious in purchasing. The price of imported ore rose first and then fell. As of the 12th, the price of 62% grade imported iron ore was $64.75 per ton, up $1.75 a week. Although the replenishment of steel mills has increased and the iron ore inventory at the port has decreased to a certain extent, the upward momentum of ore prices is still insufficient.
According to the analysis of relevant institutions, the current domestic steel market can be described as "multi space interwoven". On the one hand, the market mentality is generally cautious, and on the other hand, it is full of expectations for a certain boost effect in the future of the steel market. In the short term, the domestic steel price will continue to fluctuate.
In the recent week, the domestic spot steel price composite index closed at 145.21, up 0.46% in the week. This basically continued the trend of slight increase. Specifically, at the beginning of the week, with the steel futures market surging and strengthening, the volume and price of the spot steel market rose, and the mentality of the merchants was improving. However, after the rise of steel price, the wait-and-see mood of end users began to rise again, and the market turnover continued to decline, and the quotations of merchants also loosened. At the same time, the leading steel mills in East China issued a "drop" on the latest ex-factory quotation of construction steel, which also blew a "cool wind" to the market to a certain extent.
According to analysis, in the construction steel market, the price rose slightly. The average price of the mainstream specification rebar varieties in the main markets of the country is 3900 yuan per ton, up 35 yuan a week. From the latest inventory data of steel market, the total inventory continues to decline, indicating that the terminal demand is gradually released. In addition, the steel futures market and the billet price still have an upward momentum, which has brought some support to the spot steel market.
In the plate market, the price generally rose. The price of hot rolled sheet and coil continued to rise. The average market price of hot rolled products of mainstream specifications in the main markets of the country was 4001 yuan per ton, up 25 yuan a week. The price of medium and heavy plates has increased significantly. The average price of the mainstream standard medium and medium plates in the main markets of the country is 4217 yuan per ton, up 34 yuan a week. At present, the temperature is warming up and the terminal demand is gradually released, but at the same time, the inventory pressure remains, the supply of steel mills has not decreased significantly, and different market factors are interacting.
The iron ore market is generally in a state of volatile operation. According to the latest report, in the domestic ore market, the price of iron concentrate in Hebei is basically stable, and steel mills are generally cautious in purchasing. The price of imported ore rose first and then fell. As of the 12th, the price of 62% grade imported iron ore was $64.75 per ton, up $1.75 a week. Although the replenishment of steel mills has increased and the iron ore inventory at the port has decreased to a certain extent, the upward momentum of ore prices is still insufficient.
According to the analysis of relevant institutions, the current domestic steel market can be described as "multi space interwoven". On the one hand, the market mentality is generally cautious, and on the other hand, it is full of expectations for a certain boost effect in the future of the steel market. In the short term, the domestic steel price will continue to fluctuate.
