The last day before the holiday, the
nation's major market steel prices unexpectedly
comprehensive stabilize run, the market mentality is basically in a peaceful
state. According to market monitoring: As of the close, the average price of
25mm rebar 3614 yuan, down 20 yuan from last Friday; 6.5mm high line average
3564 yuan or 16 yuan; 5.5mm hot-rolled average price of 3,710 yuan, down 37 ;
1.0mm cold-rolled average price of 4,807 yuan, down 24 yuan; 20mm plate average
price of 3,754 yuan, down 26 yuan.
This week, the domestic stock market fell
nearly 3%, steel futures prices fell more than 2%, leading to poor market
sentiment. Despite the recent market turnover situation has obviously improved,
according to statistics the country's 29 major cities in construction steel, hot-rolled
coil, cold rolled coil, plate the total inventory on the decline, but still
high inventory levels of all varieties, businesses pressure is still large,
strong willingness to return the funds by demand season, pay close attention to
the shipping, very price and even pull up the price of power shortage. Short
term, although shipments will continue to be maintained at a high level, 51
postganglionic stock will continue to decline, but the premise of the
high-yield, for the subsequent arrival of resources concerns, a single from the
spot market level, it is difficult to pull prices rebounded significantly. Poor
economic conditions, unless the country has a more powerful stimulus policies
we mentioned before, Hebei began efforts to cut one-third of steel production
capacity policy implementation, the steel market will have a turning point.
This week, the the prices of sheet metal
market of domestic continue to slightly lower, especially is the hot rolled steel plate volume
Product Price, the of its financial property is the strongest, to follow the
steel futures, the trend of the in the long-term electronic disk Price is the
more obvious, decline is also of the relatively large. But the all over the, of
all varieties sheet metal decline in the prices of compared to with the last
few weeks has been distinctly narrowed from the, This with the that have a
great relationship on the the heavy volume of of the demand. Week of hot-rolled
coil, cold rolled coil, plate stock declined.
Labour Day, the overall level of demand is
still expected to continue to enlarge the sales of businesses still remain at a
high level. But now higher than the same period last year about 20% of the
inventory levels, the formation of a greater pressure on the dealer, so that
the price level is difficult to significantly improved. However, if the
domestic stock market, steel futures market prices after the holiday can
rebound, the stock market there may be some improvement. In a two-day weekend,
the domestic stock market, steel futures, electronic trading are not opening,
the all varieties spot steel prices have remained stable. But greater impact on
of the steel billet Price the trend of the spot price goes low continuously in
the weekend two days, the two days of the cumulative decline in reached 40
yuan, As of press, the Tangshan region Carbon 150 billet Price for the 3.16
thousand yuan, reached a the the lowest level in in the this year after the
Spring Festival. From the billet market trend during the holiday season, the
Festival steel spot market is still not optimistic. The domestic steel market
wants to get rid of the dilemma, but also the national macro-stimulus force to
appear. There is also a way out is the the domestic steel mills be able to take
the initiative to of the. These two from the the the the current signs of point
of view, the short-term within the both the difficult to achieve. However,
there are a little might be interested in the latter part of the market trend
the formation of the policy of the important influence in the we need to focus.
Recent media reports, Hebei will be a 1/3 cut in steel production capacity.
Mainly is out of to the environmental considerations, the use of the
environmental protection means to achieve the abatement of the steel production
capacity. In in 2012, the Hebei crude steel production 1.8 billion tons, the
average monthly 15 million tons, minus 1/3 is the 5 million t. We need to focus
efforts in May this policy implemented and the specific implementation, if you
really can have this amount, the market will change, the market price may rise
significantly.
