Current domestic spot steel market trend analysis report

According to the latest market report, domestic spot steel prices have been declining in the most recent week, with a weekly decline of around 0.34%. Although the mainstream steel mills continued to push up the ex-factory price, but the rebar ** was in a turbulent state of operation, and billet and other raw material prices also showed a slight correction, the spot steel market confidence weakened. People in the market generally believe that after the steel price rose in the previous stage, it was difficult to ship in the market. Due to the pressure of closing, many businesses have loosened their bids.

According to analysis, in the sheet metal market, the overall price has declined. Among the more than 20 major domestic markets monitored by agencies, plate prices in Shanghai and other places have been operating stably, but prices in Hangzhou and Chongqing have dropped slightly. According to feedback from some businesses, their attitude is more confused. On the one hand, they believe that there is limited room for downswing in the later period. However, due to the pressure of closing, it is difficult to avoid price cuts. In the Shanghai market, the inventory of related products has increased for the fifth consecutive week. The prices of hot-rolled coils also rose first and then declined, and prices in major markets rose. Following Baosteel and Wuhan Iron and Steel, the ex-factory price of HRC in other major steel mills such as Anshan Iron and Steel and Benxi Steel also rose to varying degrees in September. However, weak terminal demand, the willingness of merchants to place orders is also decreasing, transactions continue to be light, some businesses eager to ship, have to choose loose pricing.

In the construction steel market, the previous rally failed to continue, prices fell, prices in major markets such as Shanghai, Beijing, and Guangzhou, as well as in most parts of the country, had a correction. The weekly drop in ton prices was concentrated between 20 and 90 yuan. The merchants reflected that after the previous period's rise, site purchases have not improved, and high-priced transactions have been more difficult, leaving only the space for loose trading quotas. In addition, near the end of the month, the market's funding side has tightened and merchants' attitudes have become more cautious.

The eye-catching iron ore market has finally seen a downward trend. According to the report of “Nishijin Shinkansen”, in the domestic ore market, the prices of iron concentrates in Hebei have dropped slightly, and the tonnage price has dropped by around RMB 10 per week. The willingness of the steel makers to purchase is not strong. The transaction at high prices has shown a negative trend. . The price of imported ore is declining, 63.5% grade Indian fines are offered at around 138.25 US dollars per tonne, down 1.5 US dollars a week; Platts 62% grade iron ore index is 137.5 US dollars per tonne, down 0.5 US dollars per week. After the continuous restocking of the previous period, most iron ore stocks in most steel mills are relatively abundant and their willingness to purchase is not strong. The iron ore port spot market continued to be weak, transactions were general, and the market had a thicker wait-and-see atmosphere. Some market participants even believed that there had been some pessimism.

According to analysts of relevant organizations, the recent domestic and international macroeconomic conditions have continued to pick up and recover. The demand for steel may improve, and the resource pressure of the steel market in the short term is not too great. However, before fundamental changes in the basic structure of supply and demand, if the steel price rises to a certain extent, the steel market will soon face difficulties in shipping, and can only make market adjustments through a narrow range of shocks.