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Domestic steel market prices rose weak, iron ore market steadily weakened

Release time:2018/7/19 11:23:50

Domestic spot steel prices are rising, but the performance has not kept up, inventory has slowly picked up. The iron ore market is relatively stable, but the import price of ore is showing signs of weakening.

According to the latest market report of "my steel", the domestic steel information agency, the recent week, the domestic spot steel price composite index was closed at 155.71, up 1.92% in a week. The specific trend of steel price is to rise ahead of the rest, but the overall rise is higher than the previous week. At the beginning of the week, steel futures prices rose sharply with the strong influence of steel futures, but the performance did not follow. With the subsequent market callbacks, spot steel prices also loosen up. At present, leading steel mills are still playing a positive role, and cost support makes prices relatively resistant. Inventory levels have been rising for 4 consecutive weeks, and the overall position is still relatively low.

According to the analysis, in the construction steel market, the price has increased and then dropped, but the overall rise. The price of Hangzhou, Ji'nan and Guangzhou increased by 10 yuan to 110 yuan a week, and the price of Shanghai alone dropped slightly. People in the market said that when the price rose sharply, the transaction became weak immediately.

In the plate market, the price has risen substantially. The price of hot-rolled coil has been raised, and the price of Shanghai, Hangzhou and Guangzhou has risen by 20 yuan to 210 yuan a week. Compared with the previous demand, there has been a marked decline, making the market mentality weaker, and prices will also fluctuate widely in the short term. The price of medium and heavy plate is rising, and the price of Shanghai, Guangzhou and Wuhan rises by 70 yuan to 250 yuan a week. The same problem is: the procurement of downstream terminals is weakening, the market is not smooth, and the high price is unsustainable. However, the market pressure is not very high and steel prices are positive, and still have certain support for prices.

The iron ore market is also showing signs of weakening while maintaining stability. According to the latest report, the price of iron concentrate in Hebei area is basically stable in the domestic ore market. At present, the production rate of blast furnace has been kept at a high level, and the procurement of iron concentrate has maintained a high level of enthusiasm. The price of imported mines rose first and then fell. As of 7 days, the 62% grade iron ore index was 74.75 US dollars per ton, down 2.35 US dollars a week. Port iron ore inventories continue to decline, but inventories have narrowed significantly. With the increase of shipments in overseas mines, the possibility of port iron ore inventory is going up and down.

According to the analysis of the relevant institutions, the domestic steel market has entered the traditional consumption season of "Kim Gu", but the terminal demand season is not strong, to a certain extent, it affects the confidence of the market. However, under the influence of environmental protection, safety, heating season and other factors, the market expectation of supply contraction is still stronger. In the short term, domestic steel price will continue the trend of interval consolidation.


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