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September 11 steel price index trend warning report
Publish Time: 2020.09.14 View: 317

This week, the price of domestic construction steel was first raised and then suppressed: at the beginning of the week, the market price rose slightly under the impetus of the expected demand in the peak season;In the middle of the week, by the period of spiral down, most of the market price shocks downward;On Friday, period screw low rebound, more market prices after stabilizing.After entering this week, most of the terminal demand has improved, but the regional differentiation is also very obvious, especially in the northern market, due to the speculation of the early overdraft of the demand, transaction after the price dropped;And the unstable factors in the international market increase, and prompted the black commodity futures to choose a callback;The two echoed at a distance, resulting in the domestic hot roll, building materials and other steel prices fell.It is worth noting that, due to the local environmental policy tightening, as well as the impact of maintenance, production of domestic building materials fell slightly this week;As long as the later period of stable release of demand, the pace of inventory digestion is expected to accelerate.In addition, at present, raw material prices are still firm, steel mill prices have not weakened, so the market price does not have the basis for a substantial decline.In general, at present, the contradiction between supply and demand in the domestic steel market has not intensified, and the market sentiment is in the active repair stage. Before the falsification of demand in the peak season, the steel price will fluctuate up and down within a reasonable space.Based on this, we hold a neutral assessment of the market next week – blue warning: demand is variable, the price range shock.Specifically, the steel index next week will run in 3920-4020 yuan interval.