At the beginning of the week, it was just like being “injected with a dose of potency,†steel prices have picked up, and on the weekend they have once again become observing. The current situation of the domestic spot steel market has been called by market participants as "when it is going up." According to the latest market report provided by the well-known steel information agency "My Steel", the steel market is still within a narrow range of fluctuations, and the differentiation between varieties may continue.
According to monitoring, domestic steel prices have risen slightly overall in the latest week. At the beginning of the week, the transaction in the steel market showed a more obvious recovery. “It seems to inject a strong boost to the market that continues to be sluggish.†The forward price of domestic steel products has also continued to operate at a high level, showing that investors have become optimistic about the outlook for the market. This has also increased the short-term bullish attitude of the spot market, and the market price has started to rise. However, by the end of the week, with the price going towards high levels, terminal demand once again fell into a wait-and-see mode and the transaction fell. People in the market said, "Fortunately, the amount of available resources in the spot market is still within the controllable range, and the willingness of merchants to ship has weakened compared with the previous period." The long-term price upside down will make the market continue to decline is not strong, so the steel market In the end, it remained stable.
According to analysis, the domestic construction steel market oscillated upward. Many traders report that there is a clear band phenomenon in the current market, which means that the release of demand and transactions within the market is usually relatively active at the beginning of the week, and then it gradually began to fall back. As a result, the market price rose strongly at the beginning of the week, followed by Shock consolidation. “This has affected the mentality of the merchants. For some time, they have always been confused about the launch of the market. They have not given much hope for steel prices to rise substantially, and they have mainly chosen shipping.â€
The market price of hot-rolled coils showed a slight rebound, and the long-term prices also focused on consolidation. However, it is worth noting that although the spot price of hot rolled steel has recently rebounded, in essence, it is not the actual demand for downstream steel, but rather the majority of intermediate demand. The order status of steel plants has not improved substantially. In August, Baosteel and Wuhan Iron and Steel and other major steel mills implemented a “pan†policy for hot-rolled products. In addition, the main support for intermediate demand is on the capital side, and the uncertainty in the current funding side is relatively large. Therefore, this demand in the steel market is not solid, and the hot-rolled market is still expected to return to the state of weak consolidation.
The market price of cold-rolled coils rose slightly, and the business mentality was cautiously optimistic. According to industry experts, on the one hand, the peak period of commencement of affordable housing is approaching, and the steel market is expected to be boosted in August. At the same time, the construction of affordable housing will boost the demand for home appliances, and the market for cold plating steel products will continue to be sluggish. Change; On the other hand, although domestic automobile production and sales have been declining for some time, compared to the international automobile market penetration rate in mature markets, the development space of the Chinese auto industry is still obvious, and the "time tolerance" for the decline in the production and sales of the automotive industry. The estimate is not high. Judging from the latest pricing of steel mills, Baosteel and Wuhan Iron and Steel have slightly raised the prices of cold-plated products in August, indicating that the order status of cold-rolled products from mainstream steel mills has improved, and its confidence in the gradual strengthening of the market has increased. However, the cold rolling market needs a substantial rebound. At present, the probability is still relatively small.
According to monitoring, domestic steel prices have risen slightly overall in the latest week. At the beginning of the week, the transaction in the steel market showed a more obvious recovery. “It seems to inject a strong boost to the market that continues to be sluggish.†The forward price of domestic steel products has also continued to operate at a high level, showing that investors have become optimistic about the outlook for the market. This has also increased the short-term bullish attitude of the spot market, and the market price has started to rise. However, by the end of the week, with the price going towards high levels, terminal demand once again fell into a wait-and-see mode and the transaction fell. People in the market said, "Fortunately, the amount of available resources in the spot market is still within the controllable range, and the willingness of merchants to ship has weakened compared with the previous period." The long-term price upside down will make the market continue to decline is not strong, so the steel market In the end, it remained stable.
According to analysis, the domestic construction steel market oscillated upward. Many traders report that there is a clear band phenomenon in the current market, which means that the release of demand and transactions within the market is usually relatively active at the beginning of the week, and then it gradually began to fall back. As a result, the market price rose strongly at the beginning of the week, followed by Shock consolidation. “This has affected the mentality of the merchants. For some time, they have always been confused about the launch of the market. They have not given much hope for steel prices to rise substantially, and they have mainly chosen shipping.â€
The market price of hot-rolled coils showed a slight rebound, and the long-term prices also focused on consolidation. However, it is worth noting that although the spot price of hot rolled steel has recently rebounded, in essence, it is not the actual demand for downstream steel, but rather the majority of intermediate demand. The order status of steel plants has not improved substantially. In August, Baosteel and Wuhan Iron and Steel and other major steel mills implemented a “pan†policy for hot-rolled products. In addition, the main support for intermediate demand is on the capital side, and the uncertainty in the current funding side is relatively large. Therefore, this demand in the steel market is not solid, and the hot-rolled market is still expected to return to the state of weak consolidation.
The market price of cold-rolled coils rose slightly, and the business mentality was cautiously optimistic. According to industry experts, on the one hand, the peak period of commencement of affordable housing is approaching, and the steel market is expected to be boosted in August. At the same time, the construction of affordable housing will boost the demand for home appliances, and the market for cold plating steel products will continue to be sluggish. Change; On the other hand, although domestic automobile production and sales have been declining for some time, compared to the international automobile market penetration rate in mature markets, the development space of the Chinese auto industry is still obvious, and the "time tolerance" for the decline in the production and sales of the automotive industry. The estimate is not high. Judging from the latest pricing of steel mills, Baosteel and Wuhan Iron and Steel have slightly raised the prices of cold-plated products in August, indicating that the order status of cold-rolled products from mainstream steel mills has improved, and its confidence in the gradual strengthening of the market has increased. However, the cold rolling market needs a substantial rebound. At present, the probability is still relatively small.
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