The overall steel price of the spot market continued to fall last week. No matter from the perspective of futures disk or from the fundamental data, the overall negative sentiment in the market has spread to various types of steel at this stage. At the same time, merchants are more pessimistic in terms of mentality. In view of the poor demand, the market mostly maintains low-priced shipments, and the overall price continues to decline sharply compared with last week.
June 19 Steel Market Price Report
【Ordinary billet】
In the early trading of June 19, the ex-factory price of steel billets from some steel mills was temporarily reported at 4,080 yuan/ton, and the warehouse spot price including tax was reported at 4,050 yuan/ton. In the morning, the billet market was weak as a whole, and the prices of downstream finished products fell.
【Shaped steel】
Tangshan section steel factory: the price is reduced by 100 yuan / ton. The current mainstream steel mills offer I-beam 4,400 yuan/ton, angle steel 4,400-4,430 yuan/ton, and channel steel 4,400 yuan/ton. After the drop in early trading, the market was sluggish, the downstream acceptance was not good, and the overall transaction was very small.
【Strip steel】
The price of 145mm strip steel has been reduced by 50-100 yuan/ton, to 4,200-4,270 yuan/ton.
The market price of 355mm strip steel is stable compared with yesterday afternoon, the mainstream spot is 4220 yuan/ton, the market forward price is 5-10 yuan/ton higher than the spot resource price, and the transaction is weak.
【Hot coil, cold rolled base material】
The market price of Kaiping flat was lowered by 140 yuan/ton, the mainstream 1500 wide and general flat flat in the market was quoted at 4360 yuan/ton, and the manganese Kaiping was 4530 yuan/ton. The market trading atmosphere was deserted, and the transaction was not good.
Cold-rolled base material: The market price of cold-rolled base material is stable. The mainstream market price of 3.0*1010mm is 4290 yuan/ton; 3.0*1210mm is 4290 yuan/ton. The merchant's quotation is deserted, and there is no transaction.
【Steel Pipes】
Welded pipe and galvanized pipe market: The price of welded pipe is reduced by 80 yuan/ton, and the price of galvanized pipe is reduced by 100 yuan/ton. 4-inch 3.75mm hot-dip galvanized pipe, 380 yuan / ton; 4-inch welded pipe 4620 yuan / ton, including tax. Market prices fell.
The price of buckle-type steel pipe scaffolding in Tangshan market is reduced by 100 yuan / ton, 2.5m vertical rod 6490-6640 yuan / ton, 0.9m horizontal rod 6200-6350 yuan / ton, inclined rod 6080-6290 yuan / ton, including tax and overweight. Prices continued to fall, and transactions were light.
【Building materials】
The market price of construction steel has been reduced by 20 yuan/ton, and the current market is 4,240 yuan/ton for large rebar, 4,410 yuan/ton for small rebar, and 4,450 yuan/ton for coiled rebar.
Inventory of China's various steel market conditions
1. Construction steel
Chinese construction steel prices fell sharply last week. Specifically, national demand has not improved, and market confidence has been frustrated. At the same time, the sharp decline of the screw surface aggravated the pessimism of the market, and the pace of spot price decline gradually accelerated, with a deep decline. From the data point of view, the output has not changed significantly this week, the factory warehouse and social warehouse have both increased, and the demand for watches has declined. Inventory data also failed to bring positive sentiment to the market, and overall prices fell sharply this week.
2. Hot rolled coil
The average price of China's hot-rolled coil market fell slightly last week. The average price of the domestic hot-rolled coil market fell sharply. The average price of 3.0mm hot-rolled coil in 24 major markets in China is 4,731 yuan/ton; the average price of 4.75mm hot-rolled coil is 4,662 yuan/ton.
3. Cold rolled coil
Last week, the price of cold-rolled coils in China fell slightly, and the market transactions were generally average. The average price of 1.0mm cold rolling was 5427 yuan/ton, down 6 yuan/ton on a week-on-week basis.
4. Profiles (beam steel, channel, angle steel)
The price remained weak last week, and the overall decline expanded compared with last week. The price of raw materials fell this week, but the decline in the spot market performance far exceeded the decline in raw materials.
Prediction for next week
On the whole, the overall production enterprises began to reduce their production slightly last week, but relatively speaking, the current factory warehouses and social warehouses continue to increase. Under the condition of sluggish demand, resource pressure continues to focus on the trade link. At the same time, for the subsequent changes in demand, most varieties maintain a bearish attitude. Therefore, from the perspective of market operations, merchants will continue to focus on shipping and cashing in the short term. Near the weekend, the price of raw materials continued to fall, and the cost was not enough to effectively support the price, and the implementation of production reduction and maintenance would take some time. Therefore, it is expected that the domestic steel market price will continue to run weakly this week.
Post time: Jun-20-2022