As the downstream users concentrated on “complementing the library,†the demand for the construction steel market has been magnified for a short time, and the prices have also been tentatively rising. According to the latest market report provided by the well-known steel spot trading platform, after a wave of price increases, merchants are willing to ship, and the market or re-entry delicate adjustments.
According to the agency's monitoring, the construction steel price in Shanghai has been tentatively higher after the Qingming Festival. As of the 8th, the Xiben Index reported a price increase of 30 yuan per week at a price of 4,660 yuan per ton. At present, the tonnage price of representative rebars for quality secondary rebar in Shanghai is adjusted to 4,620 yuan, up by 40 yuan a week. The quotation for high-quality rebars in Shanghai is adjusted to 4,730 yuan per ton, up 30 yuan per week. Some market participants believe that the steel price has been able to increase, "the increase in the demand for post-holiday downstream users to complement the library has played the most direct role in promoting." In addition, the recent continuous rise in billet and ore prices has also provided significant support to spot steel prices.
The judgments of domestic steel mills are not consistent with the market outlook, which indicates that the overall steel market is still in a state of fluctuation. Baosteel recently introduced a price policy for May, and lowered the ex-factory price of hot-rolled, pickled, cold-pumped, galvanized, and color-coated products by 200 to 300 yuan per ton. This is the first downward adjustment of Baosteel's factory price since September 2010. At the same time, the ex-factory price of construction steel manufacturers is steadily rising. The release of production capacity of construction steel is also accelerating. In April, the overall capacity utilization ratio of domestic bar production line and wire production line is above 85%, and supply pressure is very high.
Relevant analysts believe that after the initial inventory consumption, the post-holiday end user's demand for supplemental inventory does indeed increase, but its "phase characteristics" is stronger. In addition, since mid-March, the prices of billet and ore have been repeatedly pushed up and the rebound rate has been around 7%. The price of ordinary carbon billet in Tangshan area has even reached the high point of the beginning of the year. Against the backdrop of unstable steel prices, The difficulty of continuing upward breakthroughs in raw material prices is obvious. After the steel price has been pushed up for a certain period of time, the willingness of merchants to ship has increased significantly, while the downstream demand has been difficult to sustainably increase. The supply and demand situation of the steel market will tend to be subtle.
According to the agency's monitoring, the construction steel price in Shanghai has been tentatively higher after the Qingming Festival. As of the 8th, the Xiben Index reported a price increase of 30 yuan per week at a price of 4,660 yuan per ton. At present, the tonnage price of representative rebars for quality secondary rebar in Shanghai is adjusted to 4,620 yuan, up by 40 yuan a week. The quotation for high-quality rebars in Shanghai is adjusted to 4,730 yuan per ton, up 30 yuan per week. Some market participants believe that the steel price has been able to increase, "the increase in the demand for post-holiday downstream users to complement the library has played the most direct role in promoting." In addition, the recent continuous rise in billet and ore prices has also provided significant support to spot steel prices.
The judgments of domestic steel mills are not consistent with the market outlook, which indicates that the overall steel market is still in a state of fluctuation. Baosteel recently introduced a price policy for May, and lowered the ex-factory price of hot-rolled, pickled, cold-pumped, galvanized, and color-coated products by 200 to 300 yuan per ton. This is the first downward adjustment of Baosteel's factory price since September 2010. At the same time, the ex-factory price of construction steel manufacturers is steadily rising. The release of production capacity of construction steel is also accelerating. In April, the overall capacity utilization ratio of domestic bar production line and wire production line is above 85%, and supply pressure is very high.
Relevant analysts believe that after the initial inventory consumption, the post-holiday end user's demand for supplemental inventory does indeed increase, but its "phase characteristics" is stronger. In addition, since mid-March, the prices of billet and ore have been repeatedly pushed up and the rebound rate has been around 7%. The price of ordinary carbon billet in Tangshan area has even reached the high point of the beginning of the year. Against the backdrop of unstable steel prices, The difficulty of continuing upward breakthroughs in raw material prices is obvious. After the steel price has been pushed up for a certain period of time, the willingness of merchants to ship has increased significantly, while the downstream demand has been difficult to sustainably increase. The supply and demand situation of the steel market will tend to be subtle.
Safety Vest,Reflective Material Co., Ltd. , http://www.chsafetyvest.com