Before the hottest Festival, the steel market oper

2022-08-11
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Before the festival, the operation of the steel market is stable, and the import ore price is slightly strong

before the festival, the operation of the steel market is stable, and the import ore price is slightly strong

China Construction machinery information

the Spring Festival is approaching, and merchants have successively left the market. The domestic spot steel market is gradually showing the "pre Festival characteristics" of price without market, and the operation is stable. The imported iron ore market is at a relatively high price of $80 per ton, showing a slightly strong operation

according to the latest market report, the domestic spot steel price composite index closed at 129.05 points in the recent week, up 0.57% for the week. At present, the price trend of various varieties in the steel market is differentiated. The prices of construction steel and medium and heavy plate still rise slightly, while the hot-rolled coil is consolidated in a narrow range. The steel futures market has ups and downs, and the spot price also fluctuates. However, near the Spring Festival, some merchants have left the market, and the market transactions gradually enter the "freezing point", and the steel price gradually stabilizes

according to analysis, the price rebounded slightly in the construction steel market. Ton prices in Shanghai, Hangzhou, Hefei and other places rose by 10 to 100 yuan a week. At the beginning of the week, under the influence of the soaring black futures prices and the sharp rise in billet prices, the spot market increased immeasurably. With the declining demand before the holiday, businesses turned on the power and returned home, the transaction became increasingly dull, and the price also remained stable after rising. Next week, the market will enter the "closed" mode, and there will be no major transactions, and the price will continue to remain stable

in the plate market, the overall price rose slightly. The price of hot-rolled coils was consolidated. The ton price in Shanghai, Nanjing, Guangzhou and other places fell by 10 to 70 yuan a week, while the ton price in Hangzhou, Shijiazhuang, Chengdu and other places rose by 20 to 100 yuan a week. In areas where the price fluctuated and fell and the bottom moved down, the transaction situation was not ideal, and the overall inventory of the market increased by varying degrees. After the holiday, the pressure of destocking in the market rose. The price of medium and heavy plate fluctuated strongly. The ton price in Shanghai, Hangzhou, Jinan and other places rose by 10 yuan to 110 yuan a week, while the price in Guangzhou, Tianjin and other places fell slightly. Many regions have entered the "festival mode", with market transactions significantly light and inventory rising significantly. If new goods will arrive one after another during the festival, it indicates that the market may face greater de stocking pressure after the festival

the iron ore market is relatively strong. According to the latest report, in the domestic ore market, the price of domestic iron concentrate in silicon carbide semiconductor industry and optoelectronic industry cluster increased steadily in January, and the ton price of domestic ore in Hebei increased by about 10 yuan. The sales of domestic mining enterprises have improved through special production processes, and the price is stable and rising. In January, the price of imported ore operated strongly, and fluctuated around the ton price of $80 as a whole. As of January 20, the 62% grade imported ore index closed at $80.65 per ton, up $1 from the end of last month. Globally, the trend of overall supply increase in the iron ore market is relatively clear, but in the near future, due to the good profits of domestic steel mills, steel mills are still more active in replenishing inventory, and the immediate performance of imported iron ore prices is relatively strong

according to the analysis of relevant institutions, at the beginning of the new year, various policies to reduce production capacity are intensive, especially the strengthening of medium frequency furnace regulation, which will directly benefit the later steel price trend. Considering that in early February, although it is after the festival, the steel market will be affected by the Spring Festival, and the transaction will not be released significantly, and the steel price will be mainly stable; By the middle and late February, with the gradual increase of construction sites, the steel market transactions will become active

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