The domestic construction steel spot market continued to weaken, and Shanghai, Shijiazhuang, Zhengzhou and other markets all fell slightly by 10-30 yuan. Due to the cold weather, market demand continued to be sluggish, and the increase in inventory led to a fall in prices. The low temperature days affect the construction of the downstream construction sites, and the demand is still difficult to start in the short term, and the steel prices in the market may continue to move down.
The performance of the spot market continued to be sluggish, the inventory of the Spring Festival increased significantly, coupled with the hopeless increase, the business mentality generally deteriorated, and the willingness to promote low prices became stronger. Taking the Shanghai market as an example, in the case of continued low prices in Beijing, Tianjin and other markets, it is difficult to be independent, and the willingness to ship 10-20 yuan/ton is more common.
China Steel believes that the current market is mainly based on waiting for demand release, steel mills or businesses, all of which are making a fuss about demand, but when the downstream demand begins to release, the practice is difficult to concentrate in February and March. Carefully control the inventory and its structure, pay more attention to the changes in downstream demand and funding.
In February, the domestic steel market was still in the low season of demand, and the cost support was strengthened. After the Spring Festival, manufacturers will have a strong willingness to pull up. However, due to the cold weather affecting outdoor construction, seasonal demand is difficult to start in a short period of time. It is expected that the domestic steel market will still be weak in February, showing a trend of high and low, and the previous period has risen and risen. Later, it was difficult to take back due to the difficulty in demand and price.
North China market inventory
Today, the building materials market in North China is still weak, and the overall market turnover is relatively light, and the support for prices is weakened. At present, there are big differences in merchant quotations. Some merchants believe that as demand improves, prices are expected to rise. At present, the stability of mentality is strong. Another part of the business believes that demand in the short term is difficult to improve, the willingness to ship is large, and the price is high. Reported low.
Due to the recent sluggish market performance, there has not been much improvement in demand, resulting in a reduction of 10~40 yuan/ton in the Beijing and Tianjin market today. It is understood that after the Lantern Festival, the market demand has not recovered as scheduled, the overall market transaction volume is small, and only the end users purchase Kaiping resources on demand, the market is difficult to see volume transactions.
Due to the light turnover in recent days, the overall price of medium plate in Beijing fell by RMB 20/ton. It is reported that the market demand in the terminal market has not yet recovered. As the price in the previous period has risen too fast, the terminal market inquiry phone has dropped significantly, and the wait-and-see attitude is strong. The merchants are also quite helpless and cautious about the market outlook. It is expected that the price of mid-board in North China will continue to narrow in a narrow range.
Central South Market Inventory
In terms of building materials: the continuous low opening of the snails has caused the confidence in the spot market to be frustrated, and the price support has further weakened. Therefore, there are signs of small loosening in various markets today. The author believes that the market in February is not optimistic, the downstream demand is delayed, and the performance is dull. It is estimated that the price is weak in the short term.
In terms of hot and cold coils, the hot coils opened today, and the market's high resources gradually moved closer to the low level. In the current economic environment, downstream users still choose the current mode of operation for picking up goods, and the market transactions are not good.
In terms of plate: Today, under the influence of the sharp decline of steel, the market wait-and-see atmosphere has increased, the transaction is general, the business confidence has also been suppressed, and the quotation has also appeared loose. According to the feedback from the merchants, the production of downstream enterprises is slow to recover. Purchasing demand has not been effectively released, and the market transactions are generally average and shipments are poor. However, in February, steel mills increased their control over the production of plate, reduced production and maintenance, and eased the supply pressure of plate.
Concerned about surprises
Tag: Spot market, market transactions, construction steel, market performance, plate
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