On September 2, most of the domestic steel market rose slightly, and the ex factory price of Tangshan ordinary square billet rose 20 to 5020 yuan / ton. Today, the "double focus" futures rose sharply, boosting market sentiment, the trading volume of the steel market picked up, and merchants increased their prices and shipped goods.
Steel spot market
Construction steel: on September 2, the average price of 20mm grade III seismic deformed steel bars in 31 major cities in China was 5311 yuan / ton, an increase of 4 yuan / ton compared with the previous trading day. Mysteel data show that the overall rebar output has rebounded slightly recently due to the signs of loose storage due to limited production; In terms of inventory, although it is still in the off-season recently, the overall inventory continues the downward trend, and the social inventory decreases significantly; In terms of demand, the weather has gradually improved recently, the market shipment has picked up, and the apparent demand has increased slightly. In the short term, due to the influence of environmental protection inspectors, some regions have reported that steel mills have stopped production for maintenance, and the short-term supply increment is limited; The peak season of steel consumption is coming, and the demand is expected to be further released.
Hot rolled coil: on September 2, the average price of 4.75mm hot rolled coil in 24 major cities in China was 5724 yuan / ton, an increase of 5 yuan / ton compared with the previous trading day. At present, businesses are in a strong wait-and-see mood. Some speculative receiving needs appear at a low level, but the overall receiving enthusiasm is not high, and the downstream terminals basically maintain on-demand procurement. In September, if the demand picks up, coupled with the increase of production restriction and maintenance, there is still some room for prices to rise, but there is little possibility of short-term demand recovery.
Cold rolled coil: on September 2, the average price of 1.0mm cold coil in 24 major cities in China was 6489 yuan / ton, down 3 yuan / ton compared with the previous trading day. Today, the transactions in various markets are general. In the afternoon, the electronic disk futures fluctuate and weaken, and the market confidence is obviously insufficient. Traders feed back that the recent market transactions are easily affected by the electronic disk futures; In terms of supply, some steel mills were overhauled, the utilization rate of cold rolling capacity decreased this week, and the output of zhoudu steel mill was 815100 tons; In terms of inventory, the factory warehouse and social warehouse continue to decline. The weekly scale needs to be 822800 tons, with a decrease of 16400 tons on a weekly basis, reflecting that the current market demand is still in the off-season.
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Supply and demand of steel market
Supply: according to Mysteel research, the output of large varieties of steel on Friday was 10.1626 million tons, an increase of 33200 tons on a weekly basis. Among them, the output of deformed steel bar was 3.3459 million tons, with a circumferential ring ratio increase of 72100 tons.
Demand: the apparent consumption of large varieties of steel on Friday was 10.4142 million tons, an increase of 57100 tons on a weekly basis.
Inventory: the total steel inventory this week was 20.7931 million tons, with a decrease of 251600 tons on a weekly basis. Among them, the inventory of the steel plant was 6.2116 million tons, with a decrease of 8000 tons on a weekly basis; The social inventory was 14.5815 million tons, with a decrease of 243600 tons on a weekly basis.
This week, the steel market was subject to strong shocks. Under the background of "environmental protection inspector" and "crude steel reduction", the supply expansion of the steel industry is still limited this week. At the same time, with the weakening of negative effects such as domestic epidemic and extreme weather, the finance is expected to increase its weight and make steady growth. In September, the steel demand is expected to improve, the supply and demand fundamentals are preferred, and the steel inventory continues to decline.
Post time: Sep-03-2021