INDUSTRY NEWS
Domestic steel prices are mixed, iron ore market rises across the line
Domestic steel prices are mixed, iron ore market rises across the line
Although the domestic spot steel prices overall slightly increased, but different varieties of mixed ups and downs, construction steel slightly stronger, the plate is weaker.
Iron ore markets rose across the line, with port imports of ore stocks falling for weeks on end. In the last week, the domestic spot steel price composite index closed at 148.97, a week rose 0.28%. Among them, the price of construction steel slightly increased, the country's main market mainstream specifications rebar varieties of the average price of 4206 yuan per ton, a week rose 16 yuan. Hot Rolled plate coil prices fell, the country's major market mainstream specifications hot rolling products market average price of 4008 yuan per ton, a week down 11 yuan.
The price of medium and thick plate fell, the country's main market mainstream specifications PU plate average price of 4085 yuan per ton, a week down 13 yuan. It is worth noting that by the late Zhou, by the futures plate steel price weak shock, spot steel market mentality is weak, spot quotes generally cut, merchants are mostly cautious to take goods.
At present, the overall steel market is still in the stage of supply and demand, but the late supply pressure increases, the demand fades, a variety of related adjustment factors will gradually show. The iron ore market is on the upward channel. In the domestic mining market, prices have risen across the line, but most steelmakers still choose to buy on demand, according to the latest report from the "Western Shinkansen". The market price of imported mines also rose sharply, and the arrival volume of domestic ports was obviously low.
At present, the domestic blast furnace construction rate continues to climb, port ore stocks have fallen for 7 consecutive weeks, the price has also hit a new high of the year. Relevant institutions analysis, the current steel market supply and demand slightly "contrast": the supply end in the steel plant production capacity under the active release of continued high, and the demand side of the follow-up is slightly weak, business confidence is not very sufficient. Domestic steel prices will be based on the situation of weak shock.
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