Steel season is not prosperous, silver ten has come to an end. The current steel price is in a tight balance. Rebar steel week data released, production increase, inventory decline, the table needs to pick up slightly. In the process of price decline, the basis narrowed, the decline may not stop. Market confidence is still fragile. What about next week?
Raw materials
Scrap:
This week scrap weak operation. Steel profits have always been in the vicinity of profit and loss, scrap on the tight resources, prices continue to fall little significance. But the price up blocked, short - term into a dilemma trend. Short - term scrap is expected to continue weak stable market, decline or narrow.
Iron ore:
Iron ore prices have fallen sharply this week and the market mood has darkened. The root cause of continuous decline is still the loss of steel mills, steel is not moving, real estate prospects are not good. Short - term powder still has a larger decline.
Billet:
This week, the price of steel billet is weak. The finished material transaction performance is not good, downstream steel enterprises buy billet with use with the main. At present, the profit loss of billet is 127-231 yuan/ton. Tangshan billet price is expected to be stable and weak next week.
Coke:
This week the domestic coke market temporarily stable operation. In terms of supply, coal prices have fallen, and coke supply is limited. On the demand side, steel mill losses further intensified, the market to see a strong willingness to health. The coke market is expected to be stable in the short term.
Pig iron:
This week pig iron market steady lower. At present many areas pig iron price reduction, individual merchants low - priced goods. The demand for pig iron is low and the supply pressure is not great. Most iron works' inventories are within a reasonable range, while a few iron works have low or even negative inventories, which slightly supports the iron price. Short - term pig iron market is expected to be weak.
Long products in
Building materials:
This week building materials market price overall weak adjustment is given priority to. National building materials trading volume is bleak, afternoon bearish sentiment aggravated. In November, the temperature dropped, coupled with the impact of health events, transportation was blocked, and it was difficult to support prices. At present, long flow steel mills are in a state of loss. Merchants are mostly to reduce the warehouse to avoid risk, meet the high positive shipping. Weak adjustment is expected next week.
Special steel:
This week, the steel market is stable in weak operation. Part of the active maintenance of steel production, and demand is relatively weak. Downstream demand performance is weak, the overall transaction is general. The epidemic is distributed in many places, affecting logistics and construction. Price weakness is expected to adjust next week.
Industrial line:
This week industrial line market first strong after weak. Disk high open low go, high market turnover is not free, the market is not confident in the afternoon, just need to go volume, price up space is limited. Price shocks are expected to be weak next week.
Proximate matter:
This week the domestic market shock weaker. Limited production in some areas again, individual raw material market there is no market price. Most businesses have little confidence in the future market. With the temperature further lower, steel demand also ushered in the season of the traditional off-season, demand was further suppressed. In the short term, type price or will be in the existing situation to shake the weak consolidation.
Pipe:
The pipe market fell steadily this week. The epidemic is sporadic in various places, which has a certain impact on production and transportation. The tube factory has more arrangements to overhaul the production plan, the market turnover sometimes hot and sometimes cold. The fundamentals of supply and demand have been weak, and the enthusiasm of terminal procurement is weak. Pipe market price is weak, is expected to shake next week weak operation.
Flat material aspect
Strip:
This week, the shock of the strip is weak. This week, the strip steel market is affected by the instability of the snail shock and the limited release of downstream demand, the overall transaction is not good, stocking is also biased to caution. Narrow band operating rate is very few, only individual manufacturers low transaction. In broadband, manufacturers take the initiative to destock, downstream procurement enthusiasm is weak, the market mood is not good. Overall, it is expected to continue weak next week.
Hot rolling:
This week the national hot volume mainstream market price rises and falls stable. Hot volume market price hovering low. Volume continued to shock, market sentiment cautious. Spot market conditions show fatigue. Late into the low consumption season, the demand side of the weak pattern is difficult to change, it is expected that next week hot volume price narrow fluctuation operation.
Medium plate:
This week in the whole weak plate, the overall transaction in general. The overall inventory from the decline to increase, the table needs to increase. Steel loss into an expanding trend, the market supply pressure is not big. On the demand side, with the deepening of the fourth quarter, the overall expectation is not optimistic, and the price improvement power is obviously insufficient. Next week is expected to be weak plate shock operation.
Next week's forecast
Market sentiment was under pressure this week, with negative feedback continuing to trade. On the macro front, policy banks introduced special loans to support the delivery of housing projects, and continued to advance the policy of ensuring housing delivery. At the same time, there is still a surplus of capital. Industry, this week hot metal month-on-month fall, steel production month-on-month increase. But as steel prices fell, the loss of steel mills widened, some northern steel mills began to reduce production process. The market is expected to increase production during the off-season. At the same time, the coking coal profit is high, the coal coke price falls sharply; The overall supply and demand of iron ore is weak, and there is still downside potential in the short term. After November macro disturbance continues to release, pay attention to demand performance and supply disturbance. The recent market attention to the negative feedback before entering the reality verification, the plate or continue the weak operation. Next week is expected to be stable and slightly weak operation.
