National Development And Reform Commission: It Is Expected That Domestic Steel Prices in December Will Be Mainly Shaken

According to the website of the Price Monitoring Center of the National Development and Reform Commission, the survey shows that the steel market is still cautiously optimistic in December. According to the national important steel wholesale market survey, the steel wholesale market sales price expected index and purchase price expected index in December were 52.4% and 56.7%, respectively, down 6.7 and 3.2 percentage points from the previous month, all remaining above the 50% dividing line, reflecting that the market continued to remain cautiously optimistic about steel prices in December. Bullish expectations have weakened slightly. In December, the steel wholesale market sales expected index and inventory expected index were 42% and 58.5%, respectively, down 2.6 and up 15.8 percentage points from the previous month, reflecting that the market expects that steel sales will continue to decline in December and inventories will increase. In December, the expected index of the cost of sales in the wholesale steel market and the expected index of the sales profit margin were 58% and 33.5%, respectively, down 4.7 and 13.8 percentage points from the previous month, reflecting that the market expects the cost of steel sales to continue to increase and sales profit to decline. The National Development and Reform Commission pointed out that the recent cold weather in northern China affected the market demand into the off-season; Although there are projects in some parts of the south, the terminal demand is also weak, and steel prices have fluctuated. As the temperature continues to fall in many places across the country, the steel market has a backlog, and the off-season demand in December has formed a certain restriction on the market. However, under the influence of raw material prices and other factors, especially the Central Economic Work Conference is about to be held, the macro environment continues to warm, steel prices have limited space to fall, and there is still a stage of upward drive, it is expected that domestic steel prices will be mainly shaken in December.