In March and April of each year, it is the traditional sales season for the construction steel market. This year's “wang of the peak season†has slowly emerged, the transactions tend to be active, and market inventories continue to lighten up. According to the latest market report provided by the well-known steel spot trading platform “Nishimoto Shinkansenâ€, the market has been repeated during the start-up, the demand has been released instable, and the steel price has been “a dilemmaâ€.
According to monitoring, after the Ching Ming Festival, Shanghai steel prices continued to rise. As of the 15th, the Xiben index was quoted at a price of 4,740 yuan per ton, and was raised by 80 yuan per week. At present, the tonnage of high-quality secondary rebars is adjusted to 4,720 yuan, and the price is 70 yuan a week. The price of high-quality rebars is adjusted to 4,810 yuan per ton, up 60 yuan a week. Downstream industries are “concentrating on repositoriesâ€, maintaining high ore prices, strong rebound in steel products, and continuous reduction in inventories, all of which form a certain support for higher prices.
In the past week, the factory's factory prices have returned to “a rising toneâ€, and the prices of leading regional steel mills have been raised. The steel mills in Shaxi, Yonggang and Shandong Iron and Steel, which are set for ten years, have been raised 50 to 100 yuan per ton, which is the first increase since March. In some of the steel mills in South Central, North and Western regions, the ex-factory price per ton of steel is also generally raised by 30 to 100 yuan. However, compared with the sharp increase in steel prices at the beginning of the year, this time the price adjustment was relatively modest. The ex-factory price after the increase was still slightly lower than the local market price, reflecting the steelmaker's relatively cautious attitude towards the market outlook.
The price of steel raw materials remains high, billet prices have hit a record high since 2009, and quotes for imported spot iron ore have risen steadily. At present, about 63% of Indian grades are offered at US$189 per tonne. A slight decline in inventory, which forms a certain support for the steel market. According to the relevant monitoring data, the stock of Shanghai Construction Steel has been lightened for six consecutive weeks, and the lightening rate is close to 7%. Market participants reported that due to the stronger rebound in steel prices in the North, the volume of “Northern Freight†has decreased, and the “miscellaneous resource specifications†in the hands of traders are more common. Most businesses are not willing to ship goods at low prices. .
Related analysts believe that, according to the traditional seasonal factors, the current steel market has entered the "golden three silver four" consumer season, the overall trend of demand can be established, but the end user's purchasing rhythm is "more varied" . The support for raw material prices still exists, but the “rising bottleneck†has already emerged. On the whole, the status of the construction steel market is: the upward movement is constrained by the turnover, and the decline is supported by the cost and inventory factors. In the short-term, it is a “rising dilemma†or it will continue to be sideways.
According to monitoring, after the Ching Ming Festival, Shanghai steel prices continued to rise. As of the 15th, the Xiben index was quoted at a price of 4,740 yuan per ton, and was raised by 80 yuan per week. At present, the tonnage of high-quality secondary rebars is adjusted to 4,720 yuan, and the price is 70 yuan a week. The price of high-quality rebars is adjusted to 4,810 yuan per ton, up 60 yuan a week. Downstream industries are “concentrating on repositoriesâ€, maintaining high ore prices, strong rebound in steel products, and continuous reduction in inventories, all of which form a certain support for higher prices.
In the past week, the factory's factory prices have returned to “a rising toneâ€, and the prices of leading regional steel mills have been raised. The steel mills in Shaxi, Yonggang and Shandong Iron and Steel, which are set for ten years, have been raised 50 to 100 yuan per ton, which is the first increase since March. In some of the steel mills in South Central, North and Western regions, the ex-factory price per ton of steel is also generally raised by 30 to 100 yuan. However, compared with the sharp increase in steel prices at the beginning of the year, this time the price adjustment was relatively modest. The ex-factory price after the increase was still slightly lower than the local market price, reflecting the steelmaker's relatively cautious attitude towards the market outlook.
The price of steel raw materials remains high, billet prices have hit a record high since 2009, and quotes for imported spot iron ore have risen steadily. At present, about 63% of Indian grades are offered at US$189 per tonne. A slight decline in inventory, which forms a certain support for the steel market. According to the relevant monitoring data, the stock of Shanghai Construction Steel has been lightened for six consecutive weeks, and the lightening rate is close to 7%. Market participants reported that due to the stronger rebound in steel prices in the North, the volume of “Northern Freight†has decreased, and the “miscellaneous resource specifications†in the hands of traders are more common. Most businesses are not willing to ship goods at low prices. .
Related analysts believe that, according to the traditional seasonal factors, the current steel market has entered the "golden three silver four" consumer season, the overall trend of demand can be established, but the end user's purchasing rhythm is "more varied" . The support for raw material prices still exists, but the “rising bottleneck†has already emerged. On the whole, the status of the construction steel market is: the upward movement is constrained by the turnover, and the decline is supported by the cost and inventory factors. In the short-term, it is a “rising dilemma†or it will continue to be sideways.
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