Steel market weak adjustment this week, period snail has oversold signs, but next week or by falling to stabilize.Raw materials by the steel mill down the price and transactions are not free, and the early rise is too large for the existing callback.Raw materials this week, mainly down shocks, inventory accumulation too large to suppress the price, demand season less than expected, but the enthusiasm of steel production has not been affected.Domestic steel market is still expected to supply and demand in the short term.
Term snail: this week term snail main 2101 continued the previous decline trend, and Tuesday, Wednesday fell more, volume volume is obvious, the overall decline of this round has been nearly 250 points.Technically, the Daily K line successively broke the 60-day daily line and BOLL lower track support level, KDJ low passivation, MACD green column amplification.On the whole, all the indicators of period snails are weak, but there are signs of overfall in the short term. Therefore, it is expected that the whole of the next period snails will remain weak, or stabilize from the decline after mid-week, supporting 3550, and pressing 3650 and 3670.
Raw materials
Iron ore: The iron ore market was up and down this week.Recent general refers to maintain under 130 shock operation, the beginning of the week even iron red lead black, ore firm price firm, as steel spot fell, steel profit rapidly narrowed little.Risk considerations by port miners have led to a significant reduction in resale operations, leading to less speculative interest in the seaborne market.Low-quality mines in particular, with the exception of ultrafine, Blend and Yanti powder, have all but disappeared from the resale profits of other low-quality shipping and ports.Steel mills said, although has entered the traditional peak season, but the consumption of steel has not been improved, but inventory accumulation too much pressure on the price, making market participants skeptical about the future market.Miners continue to look forward to the later period, because the domestic National Day holiday replenishment is coming, and the port and steel mills inventory is still tight, so on the ore supply and demand surface to judge, should not be too short spot ore.On the property front, weaker-than-expected property and infrastructure data for August and poor sales of finished goods this week were key factors depressing demand for purchases.Property developers bought 119.4 million square meters of land in the january-August period, down 2.4 percent from a year earlier.Most mills are unwilling to risk cash on hand to buy raw materials at high prices.From the perspective of varieties, although the price gap between lower-grade powder and medium-grade powder is narrowing, the demand for lower-grade powder will still be supported due to the low profit margin and limited supply of finished materials.In addition, the steel mill has already determined the mix of raw materials before National Day, so even though the cost efficiency of the powder now appears to be improved, it is not realistic to change the procurement direction now.In terms of domestic mines, the general index fell, merchants were confused, the pace of receiving steel mills slowed down, and the willingness to lower prices was obvious. For example, Guoyi, Jinma, Baotai, Xinda and others all dropped by 10. Traders reduced inventories to avoid risks, and the overall market trading volume was weak.The northeast market, due to the environmental protection supervision into the inspection period of 15 days, the government on the selection site production requirements are very strict, resource supply reduced, the market did not drop but rose, the range of about 15.Shanxi inner powder due to resource shortage, the price is still firm, such as daixian high sulfur turnover of 730 yuan, Baoding 65 iron powder 780 yuan;But the steel enterprise takes the opportunity to suppress the heart again, inquiry is obviously depressed, for example, Puyang to the factory price is now 1050-1075 yuan, the market supply and demand deadlock, traders by the mine prices and steel mill price hit, profit affected, and the high price of resources compressed the quantity of stock, the situation is more awkward.It is expected that in the short term, the domestic mine market will become weaker, and some areas will rise instead of fall due to environmental protection, with an adjustment range of about 10 yuan.
Scrap: scrap this week weak operation mainly.The main reason is the period of screw diving, the finished products are more down and not free of trade, low steel mill profit intended to suppress scrap steel.In addition, East China Dacang cut 30 for two times in a row, hitting the market confidence, traders panic sentiment increased, the shipment is more positive, the steel mills surge in goods, there is a car crash, can only reduce the purchase price.But as the steel mill for scrap pressure and some small base clearance inventory, coupled with the rainy weather in some areas, scrap prices and transport has a certain impact, some traders delay shipment.In general, National Day is coming, some steel mills have a certain demand for replenishment, coupled with the reduction of finished product inventory, the pressure is slowing down, the short-term decline of scrap steel in the country is reduced, and some areas are expected to stop the decline and stabilize.
Coke: Coke market this week hold steady wait-and-see, trading fair.After the completion of the second round of lifting last week, this week the coke market opened the third round of lifting, many coking enterprises have been lifting up, the current steel enterprises have not accepted, coke enterprises in the game.Coke production is active, starting high, almost no inventory, and the steel enterprise demand for coke is good, before the National Day holiday the steel enterprise normal replenished, blast furnace started high, but the steel enterprise profit is meagre, the resistance to the rise.In general, the coke market to rise and fall of the momentum is strong, coke enterprises optimistic.This week, the blast furnace capacity of Tianjin Xintian Steel Group was all withdrawn;Port, traders purchasing mood less than last week, the transaction situation is general;Recently, more attention has been paid to the changes of environmental protection policies and profits of steel enterprises. In the short term, the coke market is stable and improving.
Billet: this week the national billet price to reduce mainly, tangshan weather vane steel mill quoted 3370 yuan/ton, including tax delivery.This period most of the time is in a weak state, screw movements are influenced by the market as a whole trading atmosphere is cold and cheerless, combined with the downstream enterprises with internal inventory consumption is given priority to, more purchase billet will generally not strong, but considering the recent steel billet reduced inventory, and costs are still strong, manufacturers hope mood gradually rise, so the mainstream of tangshan steel mills to lock price policy on Thursday.Data: tangshan billet inventory amounted to 69.39, fell 2.62 last week, xiangyu is abundant, 26.96 sea wing macro embellish 33.12, product xiang library 9.31, in other parts of the main storage and port except tangshan billet inventory amounted to 45.55, is last week increased by 13.55, 41.6 the jiangyin port, wuan, 2.5, 1.45 (ten thousand tons) in tianjin.In east China, the price has been reduced in a narrow range. At present, local domestic resources are relatively tight, and manufacturers have a strong attitude of price reduction. However, in view of the recent sufficient import of billet resources, which has a certain impact on the billet demand market, there is resistance to the price increase significantly.Although downstream vendors are wary of library operation performance, but given the current billet cost pressure, combined with recent inventory also accelerated speed, to a certain extent, support the manufacturer’s price, and once the futures has good bounce opportunity, billet prices does not exclude the possibility to recover quickly, so next week is expected to tangshan billet prices strong shocks, the overall amplitude of 30 to 50 yuan.
Pig iron: pig iron market stability this week slightly strong, a general deal.Shanxi region coke up 50 parts have been implemented, together with the beginning of the week ore prices go high, pig iron costs increased again, nodular iron factory price increase.Shandong area foundry iron high price shipping general, but by coke prices, inventory low impact, a few iron plant price increase, other iron plants temporarily steady wait-and-see.Recently billet, finished material prices, steel mills to refine steel procurement enthusiasm has decreased, steel mills shipping slowed, but because of more orders in the early days, some iron mills are still negative inventory according to single production, the price is relatively firm.In terms of ductile iron, the turnover of high price slows down slightly, and the market performance is tepid. However, the iron factory has a small inventory and high cost, which supports the iron price strongly, and the iron factory has a multi-dimensional stability and wait-and-see.At present, the downstream demand is not prosperous, pig iron market trading atmosphere turned light, steel, scrap steel to restrain the iron price rise, but the cost support is strong, and the inventory pressure is not big, pig iron ups and downs in a dilemma, is expected to be stable in the short term pig iron.
Long products in
Building materials: mainstream prices volatility fell this week, fluctuation range of 40-80 yuan/ton, the cycle of screw volatile fell, and the falling of steel, in the local market point of view, the terminal with the careful operation, poor performance requirements, the falling market, the increase in the number of market resources, low spot mood depressed mood, shipment is relatively positive, inventory, 35 city thread club library 8.811 million tons 124800 tons, 1.8313 million tons 50500 tons; wire clubThe total stock of the social bank is 10,642,300 tons;The rebar warehouse of 3,552,800 tons was reduced by 28,900 tons, and the wire material warehouse of 704,400 tons was increased by 17,800 tons.The total inventory of the steel mill is 4.2572 million tons;The weekly output of rebar increased by 10,600 tons and that of wire rod increased by 1,648,700 tons.After the recent continuous price decline, the high risk has been slightly released, the superposition demand side is still supported, the willingness to continue to fall is limited, the inventory has slightly decreased, the market sales pressure has slowed down, and some of the price sentiment is gradually rising, and considering the firm support from manufacturers, the overall consideration is expected to be a small rebound in the mainstream steel price next week.
Pipe: this week pipe market width down, the overall transaction is general.The wide width of raw material strip steel was adjusted in a weak way. The main market price of straight slit pipe fell by 40-110 slightly, among which the welded pipe in China was reduced by 40-110 compared with last week.Galvanized pipe than last week down 60-100, more than nine gold, the overall market demand is still less than expected, only part of the pipe factory a little volume, but raw materials sinking straight line, downstream fear of high emotion is strong, dark drop frequency, traders low delivery is still not free, merchants hold a flexible wait-and-see mentality, maintain stable replenishing inventory.Shelf pipe mainstream than last week fell 70, Tangshan mainstream excluding tax price quoted 3580-3600 yuan/ton, the overall market transaction is weak, downstream demand follow up insufficient, manufacturers profit is weak, poor mentality.Seamless tube market price steady drop 50-60, tube billet price narrow down this week, the price of a few cities narrow down, but the mainstream city stable do not follow, the downstream inquiry is not active, end customers buy with the use, businessmen operate cautiously.Considering the current weak adjustment of raw material prices, cost reduction, and more finished products are being adjusted. However, now in the middle of September, the demand has not picked up dramatically, and some businesses are mostly shipping with the mentality of maintaining stability, and the profit space is being squeezed very little. It is expected that the price of pipes will be adjusted or fluctuated next week, with a small adjustment of around 10-30.
Excellent special steel: this week special steel market each kind of small decline, decline 50-70 yuan/ton.Structural steel first stable after falling, the second half of the week in East China region decline significantly, north China temporarily stable shipment.All varieties of industrial line generally fell, including hard wire, wire drawing decline to large.Affected by the raw material end, black futures, spot market sentiment more cautious, traders shipping restrictions, some city steel market prices significantly reduced.It is understood that the downstream end of the purchase intention is not strong, steel market trading atmosphere is weak.The recent slow decline in steel inventory, high supply and high inventory of the overall structure of the market concerns, speculative demand in the market downturn, traders mostly low prices, active delivery operations.East China market at the end of the new round of leading steel mills ten-day price is about to come out, under the expected price, is expected to next week the overall price of the main stable shock operation.
Profile: this week the city as a whole weak forward.This week, Tangshan steel billet continued to weaken 60, a decline similar to last week.At present, the steel enterprises start relatively high, coke spot inventory is maintained at a low level, the enthusiasm for stocking up steel mills is fair.In the middle of the week, the rainfall is frequent, which has a great impact on the market transaction and transportation. With the weather turning sunny over the weekend, the traffic restrictions gradually weaken.In view of the weakening of the cost end support, in the absence of good news to boost the case, the intermediate commercial replenishment operation cautious.With the weekend billet locking price, type price falling rhythm weakened, some manufacturers show price willingness, low transaction trend after the callback quotation, Tangshan type price as a whole fell 20-90.In Shanghai area of East China, the price adjustment rhythm is slowed down, only h-beam narrow down to 20, the rest of the Angle groove to maintain stable operation.At the beginning of the month, the guiding price of the steel mill has made a new adjustment, the regional price has been raised compared with the previous period, the release of downstream demand has not reached the expected, dealers overall shipping situation is still slightly poor.Merchants take goods cost in the short term is difficult to have greater fluctuations, more cautious shipping.For the subsequent trend, the price in the short term will maintain the current situation of weak shock arrangement.Model price due to frequent decline, manufacturers have a certain price psychology, concussion rise possibility.But the whole market as a whole is still an unbalanced state of oversupply, in the short term market is still weak adjustment.To sum up, the price may be in the current situation on the weak shock 10-30.
Flat material aspect
Strip steel: this week, the weak shock of the national strip steel, including north China leading steel mills than the beginning of the week down 90 yuan/ton, east China, South China leading steel mills than the beginning of the week down 60-80 yuan/ton.This week the strip market overall trading atmosphere is not good, which narrow band trading performance is also general;Medium broadband delivery performance only low resources are ok, mostly cautious look and see mainly, downstream galvanized tape factory more as needed to get goods, a large number of readiness is not high.The first half of the week, due to the impact of the period screw low shock operation, negative business mentality, strip prices narrow down, spot prices without a market, the overall performance of the downturn.In the latter half of the week, with the implementation of low quotation policy of billet, the raw material end has support, but the strip steel market is also flat, there is no obvious improvement, the confidence of businesses is slightly insufficient, the downstream users galvanized strip receiving orders decreased significantly, the raw material strip steel inventory of manufacturers slightly increased.To sum up, from the transaction surface, although the peak season of Gold nine has come, but the release of terminal demand is slow, transaction has not seen significant volume.From the point of view of mentality, this week, steel strip inventory continued to decline, merchants willing to remain.In view of the short-term adjustment of the market is expected to remain, the market tends to be rational, in a comprehensive view, expected next week strip or shock finishing mainly, the range of 30-50 yuan.
