一、Steel trend analysis
1. building materials: most prices were stable yesterday
Yesterday morning and afternoon prices fell, market sentiment is affected, off-season trading expectations, the driving role of the industry on the steel market continues to decline, macro expectations are difficult to falsify, long and short news continues to increase disturbance, it is expected that the price of building materials is weak today.
2. hot roll: yesterday the price fluctuated in a narrow range
The cost side support is still sufficient, but there is differentiation between the variety trend, the volume price bottom space is limited, the fundamental supply and demand structure is not much changed, the inventory continues to be seasonal, the volume price is repeatedly oscillated in the short term under the interweaving of long and short factors, and the short-term pressure is expected to be the hot volume price range oscillation today.
3. the middle board: most of the prices were stable yesterday
The northern weather is cooling obviously, the pressure of new resources arrival is greater, Shenyang Harbin board price rose 40, the overall market in the traditional off-season of consumption, the lack of driving force, the support of macro expectations, the willingness to reduce prices is not good, is expected today in the board price shock consolidation.
4. pipe: yesterday the price held a steady rise
Seamless pipe holding steady, light market trading, inventory pressure under the merchant shipment; The welded pipe held a steady rise, the strip steel individual fell, the pipe factory, traders profit is not good, the price is strong, it is expected that today the pipe price is in a narrow range.
二、Today’s steel price forecast
Macro negative news appeared, the National Development and Reform Commission conducted research on the price index of steel, iron ore and other varieties, the market mentality was cautious, the short-term change of fundamentals was not large, the inventory was seasonal, the signs of weak storage, the cost support was sufficient, but the trend between varieties was divided, the short-term pressure operation, the financial game intensified, the lack of exploration power, and the price of steel. Prices are expected to remain stable to weak today.
三、Raw material trend analysis
1. coke: yesterday the price was stable and strong
The second round of coke increase continues to fall, coke profits have been repaired, but coking coal continues to be strong, cost pressure is not reduced, coke enterprises are generally willing to produce, the factory still maintains a low inventory strategy, price elasticity is high, and the price is strong, it is expected that coke prices are stable and strong today.
2. billet: yesterday the mainstream price stable
Finished materials up and down, most stable, wait-and-see sentiment in the market, inhibit the willingness of steel mills to pick billets, the cost side of the support is sufficient, the second round of coke ups and downs, iron ore high shock, slightly down, billet stable price shipment is mainly expected today, billet prices stable operation.
3. iron ore: Yesterday prices were mixed
The pressure of macro-control is intensified, the upward momentum of mine prices is insufficient, market confidence is weak, the forward spot fall back significantly, the downstream steel mills are mainly replenated on demand, the low port inventory still supports the mine price, and the space for falling is limited, it is expected that the iron ore price shock is weak today.
