This week, the overall rise in domestic steel market prices is expected to be stronger next week
This week (11.13-11.17) the steel market price rose after stable, the price center of gravity is still upward, the shipment performance within the week is OK. According to Lange steel network research data show: the average price of I-steel in the domestic market is 4112 yuan; The average price of channel steel is 4204 yuan; The average price of Angle steel is 4236 yuan; The average price of H-shaped steel is 3979 yuan.
Looking back at the steel market this week, the technical level still maintains an upward trend within the week, the raw material end support continues to force, the macro side of good news and other positive factors continue to boost the spot market, the steel price shock is stronger, the upstream supply enterprises in the week of material prices rose 20-50 yuan, with the release of demand to slow down the pace of transaction, the price entered the stable operation stage. In terms of transaction, the actual transaction follow-up situation this week is not bright, the average daily shipments are only slightly warmer, mainly concentrated on Wednesday and Thursday, the demand lacks the sustained release potential, and the transaction performance is OK.
Next week, the steel market price range is strong, and the upside space is limited. The specific reasons are as follows: First, iron ore (952, -4.00, -0.42%) stone and double focal dislocation pull up, although the week of the National Development and Reform Commission issued to strengthen the supervision of iron ore, but overall, the support of the raw material end to the steel spot has not been significantly loosened; Second, the macro favorable factors are still fermenting, and the issuance of national debt and the positive signal of the news are boosting the mood of the market; Third, some manufacturers have slowed down the shipment speed, the inventory level is high, and poor demand has suppressed the spot price. In summary, the steel market price range next week is strong, but the upside is limited.
Lange research: As of 15:00 on November 16, Lange Iron and Steel network statistics of 16 domestic sample production enterprises a total of 32 steel rolling lines, 30 in production, 2 discontinued, the number of discontinued rolling lines than the previous statistics (November 9) reduced by 2, the operating rate of 93.75%, individual long process production enterprises rolling line end maintenance, operating rate narrow rise.
Lange steel network statistics of 24 sample steel rolling enterprises in Tangshan, a total of 38 rolling lines, 17 in production, discontinued 21, the number of discontinued rolling lines increased by 9 compared with the previous period, the operating rate is 44.74%, the recent Tangshan steel rolling enterprises are not smooth, some manufacturers independently stopped production, the operating rate is at a low level.
