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The latest market report shows that the domestic spot steel price has increased, the market turnover is weak, and the iron ore market has stabilized.
According to the latest market report, in the past week, the domestic spot steel price composite index closed at 155.43 points, down 2.45% in a week. The decline in spot prices has expanded compared to the previous ones, and the market turnover is weak. Merchants generally adopt price reduction operations to obtain shipments.
According to analysis, in the construction steel market, prices have fallen sharply. The average price of mainstream rebar varieties in the main markets of the country is 4,532 yuan per ton, down 109 yuan per week. From the latest released inventory data, the overall output of rebar is still at a high level, social inventories have declined, and the inventory of steel mills continues to accumulate. It shows that the demand in the market is weaker than before, and the merchants are cautious in taking the goods, and the pressure is Transfer to the steel mill.
In the plate market, prices have generally fallen. The price of hot-rolled coils fell sharply. The average market price of hot-rolled products in mainstream markets in the country was 3,950 yuan per ton, down 120 yuan per week. The price of plate is also falling sharply. The average price of the mainstream specifications of the main market in the country is 4,172 yuan per ton, down 100 yuan per week. Expectations on market demand are relatively weak.
The iron ore market is generally stable and downward. According to the latest report, in the domestic mining market, domestic iron fines prices remained stable and stocks were low. Imported ore prices continued to fall. As of the 15th, the price of imported iron ore at 62% grade was US$74.15 per ton, down US$2.1 on a week-on-week basis. The declining speed of iron ore stocks in major ports nationwide has slowed down noticeably, indicating that the pace of steel mills purchasing stocks is also slowing down. The ore traders' confidence in the market outlook is not sufficient.
Relevant institutions believe that the current steel price decline in the steel market has expanded. However, the social inventory continued to decline, and the steel mills' production and maintenance inspections increased in the later period. The market fell and released some risks, which will balance the steel market to a certain extent.
