Domestic steel prices rose slightly iron ore market volatility
Demand is performing reasonably well, inventory levels are falling, and steel production capacity release has been limited, allowing domestic spot steel prices to maintain a slight upward trend. The iron ore market is based on volatility.
According to the latest market report provided by the domestic steel information agency "my steel", the domestic spot steel price composite index closed at 155.69 points in the latest week, up 0.84% for the week. Last week to the end of the week, billet prices and steel transactions have weakened signs, but to the opening of the market this Monday, the steel market volatility stronger, coupled with some of the leading domestic steel mills in the latest pricing on the "up", the spot steel market volume price rise. Only to the weekend, because the price reached the high, clinch a deal to have the phenomenon of moderation.
According to the analysis, in the construction steel market, the price increase is more obvious. The average price of rebar products of mainstream specifications in the main market of China is 4245 yuan per ton, up 69 yuan per week. From the latest inventory data, steel mills inventory decline than last week accelerated, so the recent steel prices are more positive; Social inventory decline is relatively stable, even if the arrival of the seasonal low season, but the steel market's terminal demand is still acceptable.
In the plank market, the price rises slightly on the whole. The price of hot rolled coil has risen slightly. The average price of mainstream hot rolled products in the main market is RMB 4,328 per ton, up RMB 13 per week. Medium and thick plate price consolidation operation, the national main market mainstream specification common plate average price of 4463 yuan per ton, a week up 2 yuan. Steel mills and merchants of the sales pressure is not strong, so the willingness to reduce prices is not strong.
The iron ore market is in a volatile state. According to the latest report of "xibenshinkansen", in the domestic mining market, the price of iron powder in hebei has been slightly relaxed, most steel mills continue to adopt the strategy of purchasing on demand. Prices for imported ore rose slightly, with 62 percent grade imported iron ore trading at $66 a ton as of Friday, up 0.3 U.S. dollars a week. Prices of imported mines will continue to fluctuate in a narrow range.
Related agencies analysis that the next hot and rainy weather may increase, the terminal procurement demand will gradually slow down. The overall pattern of the domestic steel market is that both ends of supply and demand have a weak trend, business mentality will be slightly more cautious.