According to the latest market report, in the recent week, due to the impact of the domestic capital market and the forward price of steel, the domestic spot steel market has seen a significant increase, and merchants have a strong desire to rise. However, as the transaction has not recovered significantly, the market wait-and-see attitude is still strong. Market participants reminded that in the rapid recovery of the market, we should keep a clear head. Notice on the role of the industry website and the promotion of industry information work
According to market participants, the "fire line" for the steel market price rebound is for construction steel, especially for Shanghai. Due to the stimulation of a series of macro policies in the early stage, the steel market mentality has undergone subtle changes. At the same time, the secondary rebar in the Shanghai market has a low price of 3,600 yuan per ton. This price is basically at the level of “industry lossâ€. As a result, some market operators “received goodsâ€. At this time, the domestic capital market also showed signs of obvious start-up, which formed a “resonanceâ€. The whole steel spot market showed a round of rapid and obvious. Revenge rose.
According to analysis, the current price of wire rod and rebar has rebounded sharply. The price of tons in the week has risen from 150 yuan to 200 yuan, and the increase in individual markets has reached more than 300 yuan. End-users and small and medium-sized traders have a clear mentality of “buy up and not buy downâ€. The overall market volume has been significantly enlarged, but the gains have weakened near the weekend. It is estimated that the relevant ex-factory price of the steel mill will be followed up quickly, and it is still under the cost line at the current price point. If there is no significant bad news on the periphery, the construction steel price will be dominated by the consolidation trend.
The domestic hot coil market also experienced a retaliatory rebound early this week, but there are signs of a correction in the near weekend. Some merchants in the market found that when the price of hot rolls rushed to 4,000 yuan per ton, the market showed a shock consolidation. As for the later market, the market will continue to maintain a volatile pattern in the short term, but with the adjustment of various relevant market factors, the market may still have a higher potential. The cold rolling market also stopped falling and rebounded, and some of the leading market prices rebounded by more than 150 yuan per ton. Taking the Shanghai market as an example, the average thin plate sales volume of large households for three consecutive days exceeded 1,000 tons, and the individual sales amounted to 2,000 tons. As a result, the frequent occurrence of “intermittent sealing†has caused the price increase to increase continuously, and the market has gradually stabilized near the weekend. The rebound in prices has broken the habit of “purchasing on-demand†for some end-users in the price-dropping state, which is directly reflected in the increase in “bulk purchasesâ€.
According to relevant analysts, from the current situation, whether the change in the steel market is a technical rebound or a trend reversal is still difficult to determine. However, due to the excessive price increase and the lack of trend or fundamental changes in the market fundamentals and the external environment, businesses should be cautious and need to keep a clear head in the process of rapid promotion. After all, the high inventory of steel still exists; after the price rises, some of the repair and production reduction plans will be difficult to fully meet, the supply pressure is still relatively large; the business mentality may also gradually differentiate, in the case that the steel market uplink base is not completely consolidated, still face The pressure of the callback.
According to market participants, the "fire line" for the steel market price rebound is for construction steel, especially for Shanghai. Due to the stimulation of a series of macro policies in the early stage, the steel market mentality has undergone subtle changes. At the same time, the secondary rebar in the Shanghai market has a low price of 3,600 yuan per ton. This price is basically at the level of “industry lossâ€. As a result, some market operators “received goodsâ€. At this time, the domestic capital market also showed signs of obvious start-up, which formed a “resonanceâ€. The whole steel spot market showed a round of rapid and obvious. Revenge rose.
According to analysis, the current price of wire rod and rebar has rebounded sharply. The price of tons in the week has risen from 150 yuan to 200 yuan, and the increase in individual markets has reached more than 300 yuan. End-users and small and medium-sized traders have a clear mentality of “buy up and not buy downâ€. The overall market volume has been significantly enlarged, but the gains have weakened near the weekend. It is estimated that the relevant ex-factory price of the steel mill will be followed up quickly, and it is still under the cost line at the current price point. If there is no significant bad news on the periphery, the construction steel price will be dominated by the consolidation trend.
The domestic hot coil market also experienced a retaliatory rebound early this week, but there are signs of a correction in the near weekend. Some merchants in the market found that when the price of hot rolls rushed to 4,000 yuan per ton, the market showed a shock consolidation. As for the later market, the market will continue to maintain a volatile pattern in the short term, but with the adjustment of various relevant market factors, the market may still have a higher potential. The cold rolling market also stopped falling and rebounded, and some of the leading market prices rebounded by more than 150 yuan per ton. Taking the Shanghai market as an example, the average thin plate sales volume of large households for three consecutive days exceeded 1,000 tons, and the individual sales amounted to 2,000 tons. As a result, the frequent occurrence of “intermittent sealing†has caused the price increase to increase continuously, and the market has gradually stabilized near the weekend. The rebound in prices has broken the habit of “purchasing on-demand†for some end-users in the price-dropping state, which is directly reflected in the increase in “bulk purchasesâ€.
According to relevant analysts, from the current situation, whether the change in the steel market is a technical rebound or a trend reversal is still difficult to determine. However, due to the excessive price increase and the lack of trend or fundamental changes in the market fundamentals and the external environment, businesses should be cautious and need to keep a clear head in the process of rapid promotion. After all, the high inventory of steel still exists; after the price rises, some of the repair and production reduction plans will be difficult to fully meet, the supply pressure is still relatively large; the business mentality may also gradually differentiate, in the case that the steel market uplink base is not completely consolidated, still face The pressure of the callback.
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