Newsletter summary
Last week, the domestic steel market showed a mixed trend.FantasyrouletteThe average price of H-beam has increased by 10 yuan per ton.FantasyrouletteThe average price of hot rolled coil and medium and heavy plate fell by 60 yuan / ton and 30 yuan / ton respectively. The market is in ample supply, trading is slowing down, and prices are expected to remain volatile in a narrow range next week. Shanjin Metal Science and Technology plans to invest 100 million yuan in the construction of steel pipes and steel structures, which has little impact on the supply and demand of the coke market.
Text of news flash
On the 11th, the market performance of major domestic steel varieties was different, with sufficient market supply but no significant increase in terminal demand. This week, the average price of H-beam rose to 3660 yuan / ton, up 10 yuan / ton compared with the previous week; the average price of hot rolled coil fell 60 yuan / ton to 3830 yuan / ton; and the average price of medium and heavy plate was 3800 yuan / ton, down 30 yuan / ton. Inventory is still high, and the market is cautious about the oversupply situation. It is expected that steel prices will show a narrow fluctuation pattern next week. [there is no significant increase in market supply and terminal demand] raw material price monitoring shows that on May 11, raw material prices fluctuated. The price of section steel fluctuated in a narrow range during the week, and the market turnover was weak. The production willingness of steel mills is insufficient, and although the inventory has declined, it is still at a high level. On the demand side, terminal procurement is mainly on demand, and the response to the rising market is limited. Some of the specifications in the market are out of stock, and the production power of steel mills is weakened. The price of the medium and heavy plate market fluctuated this week, and the transaction was general. The output of steel mills increased slightly, and the stock of social warehouse and factory warehouse decreased. The consumption of medium and heavy plate decreased, and the purchasing rhythm in the lower reaches was stable. Traders are mainly bearish in the short term, and the market is expected to be volatile next week. The price of hot-rolled coil is mixed, and it is difficult to reduce inventory. The market demand is general, the price of raw materials is high, and the market is in a state of upward pressure and downward drag. Downstream demand is expected to pick up, short-term price shocks. The market price of welded pipe fluctuates and the market trading is flat. Affected by the price of black futures at the initial stage after the festival, the transaction was OK, but the transaction declined in the later period. Traders feedback that it is difficult for prices to change significantly in the short term. Shanjin Metal Science and Technology plans to invest 100 million yuan to build projects with an annual output of 5000 tons of steel pipes and steel structures in Jiangmen City. The project covers an area of 14000 square meters and a construction area of 12709.Fantasyroulette.8 square meters, mainly engaged in steel pipe and steel structure, anticorrosive cast iron pipe and pipe fittings and PIP insulation pipe processing. At the same time, the market expects coke prices to remain strong before mid-May, but as coke enterprises are expected to resume production, supply is expected to pick up and the problem of mismatch between supply and demand will be alleviated. [steel prices are expected to fluctuate within a narrow range next week] to sum up, there is ample supply in the steel market, but there is no significant increase in terminal demand. The overall market turnover is weak, and some specifications are out of stock. Steel prices are expected to maintain a narrow range of shocks next week.
