"Silver April" is about to pass, the steel market is still not prosperous, the hot and cold rolled coil market continues to linger in the downturn, the price is running low, there is no sign of rebound, the operators are not optimistic about the market outlook. Li Zhongshuang, general manager of Shanghai Ruikun Metal Materials Co., Ltd., specializing in hot and cold rolled coil trading, believes that the cold and hot rolled coil market is still difficult to recover in the short term, and prices will continue to consolidate.
Li Zhongshuang's tracking research on the operation of the hot and cold rolled coil market shows that at the beginning of last week, rebar and iron ore futures rebounded at a low level, driving the spot price of hot rolled coils to be stable and slightly pulling up. The previous week's decline of RMB 20/ton was offset by an increase of RMB 20/ton from the beginning of last week, and the price was stable during the week. The market is still not good, and it is expected that the market will remain weak and stable in the near future. In terms of cold-rolled coils, there was a decline of 30 yuan/ton last week. Due to the large amount of market resources, it is expected that the market price of cold-rolled coils will continue to fall.
In the interview, some salesmen at the forefront of the market said that the current market of Shanghai hot and cold rolled coil market is flat, shipping is difficult, and the wait-and-see atmosphere is strong. Some large-scale households with complete specifications have a sales volume of 1,000 tons to 1,500 tons. The price has not risen, and it is mainly to maintain stability. "In early trading today, some companies have reduced the price of cold-rolled coils of individual specifications by 10 yuan/ton. The transaction situation is also general, and the transaction volume is not large. We mainly rely on the delivery of goods, the transaction price can be negotiated, usually at the listed price. The basis of the floating 10 yuan / ton ~ 20 yuan / ton, the lowest transaction price has fallen below 3,000 yuan / ton." An operator said.
Regarding the market outlook, Li Zhongshuang believes that the market price of Shanghai's cold and hot rolled coil market will continue to fall in the short term. The main reasons are as follows:
First, the steel mill sales situation is not good, continue to cut the ex-factory price. After Baosteel lowered the ex-factory price of cold-rolled coils in May, Angang followed closely, and the prices of various varieties remained the same, with the ex-factory price of cold-rolled coils lowered by RMB 100/ton. Steel mills continue to cut the ex-factory price, which will have a certain impact on the price of hot and cold rolled coil in the late spot market.
Second, the amount of new resources to the market has gradually increased, and the contradiction between supply and demand has become more prominent. It is understood that the resources have basically arrived in the market in March, and most of the resources are in transit in April. It is expected that the market inventory pressure will increase in the near future, thus curbing the price increase.
Third, the pressure on traders' funds has increased, and they have generally sold at low prices. Near the end of the month, some steel trade companies are returning the purchase price, most of the price reduction promotion, let the shipments, at present, some steel mills cold rolled coil resources transaction price is only 2950 yuan / ton, the mainstream steel mill resources transaction price is also close to 3,000 yuan / ton mark, the market mentality is more pessimistic.
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