htmlOn April 8, the domestic steel market rose and fell, with the strong and weak plates growing. Among the 225 major cities in html, the price of rebar in 14 cities including Jinan, Fuzhou, Wuhan, Beijing, and Shenyang fell by 20-130 yuan/ton, while only the two cities in Changsha and Chengdu rose by 20-10 yuan/ton; the prices of hot coils in 7 cities including Shanghai, Fuzhou, Tianjin, and Shenyang rose by 20-80 yuan/ton, while only the three cities in Hefei, Shijiazhuang and Urumqi fell by 20-50 yuan/ton.
htmlOn the 18th, four domestic construction steel manufacturers lowered their ex-factory prices by 50-100 yuan/ton.
▼Spot Steel Market
Construction Steel: April 8, the average price of HRB400 (20mm) rebar in 25 major cities across the country was 3,865 yuan/ton, down 26 yuan/ton from the previous trading day. The pressure on building materials inventory has been significantly alleviated, but the procurement has not recovered after the Qingming Festival, and the transaction performance is lukewarm, and merchants are mainly cautious in shipment. Judging from the inventory digestion last week, market demand has been reflected, and it is expected that the steel market trend will remain in a volatile consolidation pattern.
Hot Rolled Coil: April 8, the price of 4.75mm hot rolled coils in 24 markets across the country was 3976 yuan/ton, up 4 yuan/ton from the previous trading day. Today, the market continued to fluctuate strongly, and merchants' quotations rose steadily and slightly, but the market demand was relatively average, and the overall transactions were weak. At present, the market inventory resources are relatively low and merchants are under sales pressure. According to statistics from this website, the national hot-rolled inventory this week was 2.5934 million tons, a decrease of 144,000 tons. It is expected that the hot rolling market price will fluctuate tomorrow.
Cold-rolled coil: April 8, the average price of 1.0mm cold-rolled coils in 24 major cities across the country was 4582 yuan/ton, up 3 yuan/ton from the previous transaction price. The market opened after the festival, and the overall market sales atmosphere was average. Merchants operated new goods quickly and quickly, and the terminal maintained a rhythm of purchasing as they were used. Weak factors such as slow inventory decline and insufficient merchant confidence still suppress prices, and short-term prices may be consolidated.
Medium-thick plate: April 8, the average price of medium-thick plates in 24 major cities across the country was 4183 yuan/ton, down 2 yuan/ton from the previous trading day. Recently, the unit price of locks in northern steel mills has been basically stable, and they are very willing to support the price. From a market perspective, the overall transaction situation is relatively average, and most merchants still mainly sell. At present, some market resources are very tight, and ordinary boards are starting to be out of stock. It is expected that the average price of medium and thick boards may be mainly concentrated in a narrow range in the short term.
▼Raw Material Spot Market
Imported ore: April 8, 61.5% Australian powder ore in Jingtang Port was 450 yuan/ton, down 5 yuan/ton from the previous trading day. The iron ore failed to improve on the first day after the festival, continuing the weak trend before the festival. The steel mill is still in a wait-and-see situation, and there are no signs of a rigid replenishment. Today's inquiry mainly focuses on testing the price, with obvious price reduction. Considering that this is the first working day after the holiday, most traders who are optimistic about the future market generally hold on to the price and are reluctant to sell, and buyers and sellers are versing, and the mineral prices may run weakly and stably tomorrow.
Coke: html On the 28th, the spot price of the domestic coke market was mainly weak and stable. The resumption of blast furnaces in steel mills has not brought about a significant increase in demand for coke. However, coke companies have no profits, and they are currently willing to support prices, coke inventory has fallen slightly, and overall it is still relatively high. It is expected that coke will continue to decline to be more drag. The current transaction price of secondary metallurgical coke in the coke market in Shanxi is 1550-1600 yuan/ton; the ex-factory tax included in Handan, Hebei is 1610-1660 yuan/ton; the mainstream secondary coke in Wuhai is 1380-1430 yuan/ton; the current mainstream secondary coke in the coke market in East China is 1700-1750 yuan/ton, all of which are ex-factory tax included.
Scrap steel: html On the 28th, the national scrap steel market owners rose steadily, and the transaction volume was average.The price of heavy waste in Jiangsu remains at 2,220-2,330 yuan/ton; the price of heavy waste in Shandong is 2,150-2,210 yuan/ton. The transaction price of heavy waste in the Fujian market including tax is 2,300-2,350 yuan/ton. The price of heavy waste including tax in Hubei is basically 1890-1960 yuan/ton. Heavy waste in Shanxi includes tax of 2130-2240 yuan/ton. The price of heavy waste including tax in Hebei is 2,410-2,460 yuan/ton. The above are all factory prices including tax.
▼ Steel Market Forecast
Macro: On April 4, 2018, the U.S. government released a list of goods subject to additional tariffs. It will impose an additional 25% tariff on 1,333 items worth US$50 billion worth of goods exported to the United States. On April 4, China imposed an additional 25% tariff on 106 items in 14 categories including soybeans, automobiles, and chemicals originating in the United States. On April 5, U.S. President Trump issued a statement considering whether it would be appropriate to impose additional tariffs on an additional $100 billion of goods imported from China. The Ministry of Foreign Affairs stated that if the United States announces a list of newly taxed products, China will immediately launch a vigorous counterattack.
Supply side: This week, Mysteel surveyed 163 steel mills with a blast furnace utilization rate of 79.45%, an increase of 0.04% month-on-month. Some blast furnaces in Hebei Province delayed the resumption of production due to production restrictions, but the blast furnaces were operating normally in the early stage, and the molten iron production increased significantly. However, this week, the rebar production capacity utilization rate of 139 steel mills across the country decreased by 1.47% to 66.87%, and the wire rod production capacity utilization rate decreased by 0.54% to 60.12%. Steel prices continued to fall in March, resulting in steel mill profits shrinking, and some companies inhibited the release of production capacity. Considering that the current gross profit of steel mills is still considerable, it is expected that steel production will be difficult to decline further in the future.
Demand side: According to the monitoring of My Steel Network, the daily trading volume of building materials among mainstream traders across the country has reached more than 200,000 tons since March 27, while the average daily trading volume of building materials in the first and middle of March was only about 140,000 tons, indicating that downstream demand has picked up significantly in the past two weeks.
According to the latest monitoring from MySteel.com, the national steel social inventory this week was 16.802 million tons, a decrease of 6.5% from the previous week, a decline for four consecutive weeks, and an increase of 19% from the same period last year. During the same period, the inventory of sample steel mills was 6.263 million tons, a decrease of 9.5% week-on-week and an increase of 5.1% over the same period last year. In the past two weeks, transactions in the steel spot market have increased significantly, driving steel inventories to decline rapidly and easing operating pressure on manufacturers. However, as the Sino-US trade war heats up, the steel market is still under pressure from high production and inventory, and the market mentality remains cautious, steel prices may rise amid repeated fluctuations in the later period.
Disclaimer: Mysteel strives to use accurate information and objective and fair content and opinions described in the information, but does not guarantee whether necessary changes are necessary. The information provided by Mysteel is for customer decision-making reference only and does not constitute direct advice for customers to make decisions. Customers should not use it to replace their own independent judgment. Any decision made by the customer has nothing to do with Mysteel.
hot article recommendation:
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-