At present, the domestic steel market as a whole is weak. Whether the market will emerge from this round of decline as soon as possible is not expected to be optimistic.
The main performance is: First, in the steel spot market: As of the press release, the part of the East China Sealine snail dropped by 20 Zhongtian Spiral 4620 yuan/ton, the high line 4730 yuan/ton, and Hangzhou Shagang stabilized the second screw 4870 yuan/ton. Yesterday, the transaction was fair; on the spot HRC market, Shanghai continued to weaken at RMB 10/tonne at RMB 4,670/tonne, Tianjin at RMB 4,610/tonne; on the medium-board market, Shanghai’s second-line market went down to RMB 4,800-4,850/ton in the afternoon. Some merchants started selling goods at 4,770 yuan/ton, and the business mentality became increasingly pessimistic. The Tianjin market dropped by 20 yuan/ton to 4,630 yuan/ton, and reported to 4,620 yuan/ton temporarily. Second, raw materials: Tangshan 150 general slab fell 40 to 4170,145 strips most of the temporary stability 4500 lower; imported iron ore dropped 1 US dollar, 62% Australian powder to 170 US dollars. Third, in the downstream trend, the manufacturing industries such as automobiles and machinery have continued to slump in recent months; the government’s so-called policies to increase affordable housing construction have also been unsatisfactory, the market utilization rate is still not high, downstream demand is difficult to improve, and the market is shrinking. The policy is still strong, and the interest rate hike is approaching, and the market's investment enthusiasm is constantly being cracked down. The so-called low season of demand in the market is already approaching. Fourth, the steel mills: Faced with the stagnant spot market, coupled with the recent international steel market affected by factors such as Xia Xiu, they are now weak. The domestic steel mills' export orders in June and July have decreased compared with the previous months. The production enthusiasm has cooled down, the steel mills policy is no longer firm, and the factory prices have been lowered.
Through the above four articles, it is indicated that the so-called support efforts in the domestic steel market are gradually disappearing. Without the support of the booming steel market, the price of raw materials such as iron ore is difficult to increase; there is no support for the high cost of raw materials and support for the hot market phenomenon in the transaction market. It is also difficult to be firm; instead of a strong steel mill policy, the spot market began to lower its sales price in the face of sluggish downstream demand. At present, each link has shown a downward trend, and each other has met with each other, and each has been restrained by each other. Therefore, under the influence of no effective positive factors, the market's decline will be difficult for a short time.
However, according to the latest information, the good news in the market is almost non-existent, and bad news is frequently logged in. According to the latest data from the port, iron ore stocks in the port have increased continuously for several weeks due to thin trading volume. As of last Friday, the stockpiles of iron ore in the 34 major ports have reached 95.35 million tons, compared to the ports on June 17. The inventory of 95.12 million tons has increased slightly, and the continuous increase of the port inventory indicates that the domestic steel market is in recession. In the face of the sluggish demand in China, the world’s second largest iron ore supplier Rio Tinto’s third quarter iron ore agreement The price fell, the fines were set at 2.7234 U.S./dry metric tons, and the lump mines were at 3.0109 U.S./dry metric tons. Based on this calculation, 61.5% of PB powder (a kind of fine ore) offshore price was 167.49 US dollars / ton, compared with the second quarter fell 2.48 US dollars / ton, a decrease of 1.46%. Therefore, the so-called high-cost constraints of steel mills are expected to weaken, and in the face of a weak spot market, steel mills have no reason not to lower their ex-factory prices in order to weaken the inverse of spot transaction prices, steel mills, dealer sales pressure. It has also weakened further, so the merchants have been continuously pushing down the offer to facilitate the transaction, which has led the market to keep dropping.
The main performance is: First, in the steel spot market: As of the press release, the part of the East China Sealine snail dropped by 20 Zhongtian Spiral 4620 yuan/ton, the high line 4730 yuan/ton, and Hangzhou Shagang stabilized the second screw 4870 yuan/ton. Yesterday, the transaction was fair; on the spot HRC market, Shanghai continued to weaken at RMB 10/tonne at RMB 4,670/tonne, Tianjin at RMB 4,610/tonne; on the medium-board market, Shanghai’s second-line market went down to RMB 4,800-4,850/ton in the afternoon. Some merchants started selling goods at 4,770 yuan/ton, and the business mentality became increasingly pessimistic. The Tianjin market dropped by 20 yuan/ton to 4,630 yuan/ton, and reported to 4,620 yuan/ton temporarily. Second, raw materials: Tangshan 150 general slab fell 40 to 4170,145 strips most of the temporary stability 4500 lower; imported iron ore dropped 1 US dollar, 62% Australian powder to 170 US dollars. Third, in the downstream trend, the manufacturing industries such as automobiles and machinery have continued to slump in recent months; the government’s so-called policies to increase affordable housing construction have also been unsatisfactory, the market utilization rate is still not high, downstream demand is difficult to improve, and the market is shrinking. The policy is still strong, and the interest rate hike is approaching, and the market's investment enthusiasm is constantly being cracked down. The so-called low season of demand in the market is already approaching. Fourth, the steel mills: Faced with the stagnant spot market, coupled with the recent international steel market affected by factors such as Xia Xiu, they are now weak. The domestic steel mills' export orders in June and July have decreased compared with the previous months. The production enthusiasm has cooled down, the steel mills policy is no longer firm, and the factory prices have been lowered.
Through the above four articles, it is indicated that the so-called support efforts in the domestic steel market are gradually disappearing. Without the support of the booming steel market, the price of raw materials such as iron ore is difficult to increase; there is no support for the high cost of raw materials and support for the hot market phenomenon in the transaction market. It is also difficult to be firm; instead of a strong steel mill policy, the spot market began to lower its sales price in the face of sluggish downstream demand. At present, each link has shown a downward trend, and each other has met with each other, and each has been restrained by each other. Therefore, under the influence of no effective positive factors, the market's decline will be difficult for a short time.
However, according to the latest information, the good news in the market is almost non-existent, and bad news is frequently logged in. According to the latest data from the port, iron ore stocks in the port have increased continuously for several weeks due to thin trading volume. As of last Friday, the stockpiles of iron ore in the 34 major ports have reached 95.35 million tons, compared to the ports on June 17. The inventory of 95.12 million tons has increased slightly, and the continuous increase of the port inventory indicates that the domestic steel market is in recession. In the face of the sluggish demand in China, the world’s second largest iron ore supplier Rio Tinto’s third quarter iron ore agreement The price fell, the fines were set at 2.7234 U.S./dry metric tons, and the lump mines were at 3.0109 U.S./dry metric tons. Based on this calculation, 61.5% of PB powder (a kind of fine ore) offshore price was 167.49 US dollars / ton, compared with the second quarter fell 2.48 US dollars / ton, a decrease of 1.46%. Therefore, the so-called high-cost constraints of steel mills are expected to weaken, and in the face of a weak spot market, steel mills have no reason not to lower their ex-factory prices in order to weaken the inverse of spot transaction prices, steel mills, dealer sales pressure. It has also weakened further, so the merchants have been continuously pushing down the offer to facilitate the transaction, which has led the market to keep dropping.
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