1. The current market price of steel
On June 9, the domestic steel market fluctuated, and the ex-factory price of Tangshan billet was stable at 4,520 yuan/ton.
2. Market prices of four major varieties of steel
Construction steel: On June 9, the average price of 20mm grade 3 seismic rebar in 31 major cities across the country was 4,838 yuan/ton, up 3 yuan/ton from the previous trading day.
Hot-rolled coil: On June 9, the average price of 4.75mm hot-rolled coil in 24 major cities across the country was 4,910 yuan/ton, up 1 yuan/ton from the previous trading day.
Coldrolled coil: On June 9, the average price of 1.0mm cold coil in 24 major cities across the country was 5,435 yuan/ton, down 5 yuan/ton from the previous trading day. The market demand continues to be weak, and downstream enterprises purchase on demand. It is reported that at present, some merchants can make transactions at low prices, but it is difficult to make transactions at high prices. Most of them rely on shipping to collect funds.
3. Market prices of raw materials and fuels
Imported ore: On June 9, the spot market price of imported iron ore in Shandong fluctuated and fell, and the market sentiment was deserted.
Coke: On June 9, the coke market remained stable and strong, and steel mills in Hebei raised the purchase price of coke by RMB 100/ton.
Scrap steel: On June 9, the average price of scrap steel in 45 major markets across the country was 3,247 yuan/ton, which was stable compared to the previous trading day.
Win Road International Steel Product
4. Steel market price forecast
Supply: According to research, the output of the five major types of steel this week was 10,035,500 tons, an increase of 229,900 tons week-on-week.
In terms of inventory: the total steel inventory this week was 21.8394 million tons, an increase of 232,000 tons from the previous week. Among them, the inventory of steel mills was 6.3676 million tons, a decrease of 208,400 tons from the previous week; the social inventory of steel was 15.4718 million tons, an increase of 436,800 tons from the previous week.
Due to the accelerated resumption of work and production in East China, North China and other places, it is expected that the overall prosperity of the domestic manufacturing and construction industries in June will be better than that in May, but due to seasonal factors, the expansion will be limited. According to Mysteel's survey of 237 traders, the trading volume of building materials on Monday, Tuesday and Wednesday was 172,000 tons, 127,000 tons and 164,000 tons respectively. Affected by the heavy rain in the south and the noise control of the college entrance examination, the performance of steel demand is very unstable. However, my country's steel exports rose to 7.76 million tons in May, showing strong external demand. At the same time, the efficiency of steel mills has improved, and the motivation to continue to reduce production is insufficient. In the short term, due to the general performance of domestic demand recovery, steel prices may continue to fluctuate within a narrow range.
Post time: Jun-10-2022