The transaction has been ups and downs, the market has risen and fallen, and the domestic spot steel price has risen slightly. The iron ore market has risen steadily, but the pressure on the port's ore inventory is increasing.
According to the latest market report provided by a steel information agency in China, the domestic spot steel price index closed at 143.47 points in the most recent week, up 0.83% in the week. Specifically, the spot steel price rose slightly at the beginning of the week, and the market transaction performance was acceptable. Subsequently, the performance of the black futures market was not good, which made the trading atmosphere of the spot steel market weakened and the turnover fell. Next, under the influence of the limited production and price increase news of some steel mills, the futures market strengthened slightly, driving the spot steel market price and price to rise.
According to analysis, in the construction steel market, prices rose slightly. The average price of mainstream rebar varieties in the main markets of the country is 4050 yuan per ton, up 36 yuan per week. From the latest published inventory data, the social inventory of steel has increased slightly, but the inventory of steel mills has declined, and the overall inventory level is still in the decline channel, indicating that downstream demand is not as bad as expected.
In the plate market, prices have generally increased. The price of hot-rolled coils rose slightly. The average market price of hot-rolled products in mainstream markets in the country was 3,816 yuan per ton, up 32 yuan per week. The price of plate was slightly increased. The average price of the mainstream specifications of the main market in the country was 3,870 yuan per ton, up 23 yuan per week. Market confidence is not very weak, but various factors also inhibit the room for price increases.
The iron ore market is rising steadily. According to the latest report of the organization, in the domestic mining market, prices in some regions have risen slightly, and prices in some regions have remained stable. Some miners are reluctant to sell, and the actual market transactions are average. Imported ore prices fluctuated and rose. As of the 20th, the price of imported iron ore at 62% grade was US$72.15 per ton, up US$3.95 on a week-on-week basis. The overall confidence of the miners is good, but considering that the operating rate of domestic blast furnaces has been declining for several consecutive weeks, the purchase of ore by steel mills may decline further in the later period, and the possibility of pressure increase of port ore stocks will increase.
According to the analysis of relevant institutions, the smog weather in the northern region has been severe recently, and some steel enterprises have increased their production limits. Over the regular maintenance of many steel enterprises in the off-season, the operating rate of blast furnaces has continued to decline. From the perspective of the demand of the steel market, the off-season characteristics are more obvious. The steel market as a whole is still in the process of shock adjustment.
