Last week (6.4-6.8), domestic construction steel and board prices ended the fragmentation of last week, returned to the unity, and the overall market fell again, but the overall decline was relatively limited. Over the weekend, the weakness in the domestic steel market continued last week. Prices in most regions and varieties have fallen slightly, but a few cities and varieties have risen against the trend. On Thursday night, the central bank announced the news of the first time in more than three years since the interest rate cuts, but the capital market has not been able to improve significantly due to concerns about the current economic conditions. The interest rate cuts have had limited effect on market confidence. Last weekend, the National Bureau of Statistics announced the release of macroeconomic data such as CPI, PPI, fixed asset investment and real estate investment. Currently, the market expects unsatisfactory data and may exert pressure on the market this week. This week's domestic stock market and steel market are all possible. Again and again.
However, after the country accelerated the examination and approval of large-scale projects and lowered interest rates this time, the confidence in the domestic steel market has been significantly boosted. At the same time, after the drop in steel prices, domestic steel production began to decline, which is also good for the market. According to the latest statistics from the China Iron and Steel Association, crude steel production of key large and medium-sized iron and steel enterprises in the country was 17.734 million tons in the middle of May, with an average daily output of 1.612 million tons, which was significantly lower than the 4.7% month-on-month. Estimated national crude steel production in late May It was 21.556 million tons, with an average daily output of 1,959,600 tons, which was a 3.9% drop from the previous month. Judging from the current situation of the domestic steel market, the possibility of a sharp drop in prices has been very small, and the market price will gradually bottom out in the later period, waiting for opportunities to rebound.
Construction steel: Last week, the domestic construction steel market price continued its downward trend last week. Prices in most regions have declined, but the overall decline has been relatively limited. If there is no central bank down the news of the deposit of benchmark interest rates, the domestic steel market last week was one week that was least affected by other factors. It did not influence the adjustment of the factory price of steel mills, the effect of the settlement price, and there was no prepayment at the end of the month. Money and pressure to raise funds, so the market appears calmer.
In anticipation of poor economic data in May, the performance of the domestic capital market remained unsatisfactory last week. On Friday, the Shanghai Composite Index reported 2288 points, down 85 points from last Friday, a decrease of 3.58%; Shanghai* * Exchange copper ** main contract closed at 53,030 yuan (ton price, the same below), down 1,300 yuan from last Friday, a decrease of 2.39%. The 1210 contract for rebar on the Shanghai ** Exchange closed at 4,108 yuan, up 13 yuan from last Friday, or 0.32%, which is not easy. In addition, last week, the price of steel billet in Tangshan area rose significantly under the situation of slightly strained resources. Although it failed to drive the price of construction steel resources in major steel mills around the country, it has played a role in pulling the resource prices of small steel mills and market confidence. To support. Last week, the factory price of 150 billets of common carbon in the Tangshan area reached 3,610 yuan, up 70 yuan from last Friday, and the price of individual retailers reached 3,660 yuan, up by more than 100 yuan from last week.
According to market monitoring, as of June 8th, the average price of Φ25mm secondary rebar in the 10 major cities in China was 4,072 yuan, a slight decrease of 3 yuan over the same period of last week and a decrease of 101 yuan over the same period of last month; the prices of major cities in the previous week The prices of Beijing, Xi'an, and Zhengzhou dropped by 30-40 yuan compared with last week. Prices in Shanghai and Guangzhou both increased by 40 yuan. Prices in Tianjin, Shenyang, Hangzhou, Chengdu, and Wuhan changed little. The average price of Φ25mm tertiary rebar in 10 major cities in China is 4,165 yuan, which is 9 yuan less than the same period of last week and 103 yuan lower than the same period of last month. The market prices in Beijing, Shanghai, Zhengzhou, and Xi’an have dropped by 30-40 yuan from last week. Hangzhou fell 20 yuan, Guangzhou and Chengdu rose 30-40 yuan, Tianjin, Wuhan, Shenyang, the price change is not. The average price of Φ6.5mm high line in 10 major cities in China was 4,079 yuan, down 15 yuan from the same period last week and down 124 yuan from the same month of last month; last week, the market price in Beijing fell by 50 yuan compared with last week, Tianjin, Xi’an, and Wuhan. The prices in Chengdu and Guangzhou fell by 20-30 yuan, the price in Shanghai rose by 20 yuan, and the prices in Shenyang, Zhengzhou, and Hangzhou changed little.
Due to the small change in market prices, both traders and end-users are operating normally. Traders are no longer in a hurry to throw cargo, and purchases have basically recovered. End-user purchases have also increased from the previous period. In the game between the supply and demand sides only, the decline in the domestic construction steel inventory slowed down significantly compared with the previous two weeks. According to the latest statistics, as of June 8th, the construction steel society inventory in 29 key cities across the country was 8.839 million tons, a decrease of 149,100 tons or a decrease of 1.75% over the same period last week (a decrease of about half of the previous weeks). It was down 10.6% from the same period of last month, but still 18.89% higher than the same period of last year. From the perspective of cities, Beijing, the dominant city in the north, has a stock of 630,800 tons, down by 23,500 tons from the previous week, a decrease of 3.59%; Tianjin's inventory of 398,800 tons, which is a decrease of 3.6% from last week's 16,200 tons, and Shenyang's inventory of 630,000 tons. It fell by 20,000 tons from last week, a decrease of 3.08%. Shanghai, a leading city in the south, has a stock of 530,000 tons, down 0.9 million tons from the previous week, a decrease of 1.67%; Hangzhou stock is 518,000 tons, an increase of 8,000 tons, an increase of 1.57%; and Guangzhou stock is 750,000 tons, down 22,000 tons from last week. A decrease of 2.85%. From a large region, the total inventory in North China, Northeast China, and Northwest China fell by 3-4% last week. The inventory in other regions did not change significantly.
Plates: Last week, the prices of the domestic steel plate market continued to operate at a weaker pace. The price of hot-rolled coils in various regions tended to be stable. Although prices in some regions have risen and fell, they have been limited. The prices of cold-rolled coils and plate are still weak, and the price drop in some areas is still significant.
For hot rolled coils, according to market monitoring, as of June 8th, the average price of 5.5mm hot rolled coils in 10 key cities in China was 4,170 yuan, which was 8 yuan less than the same period of last week and 111 yuan lower than the same period of last month; Last week, prices in Beijing, Guangzhou, Zhengzhou, and Wuhan dropped by 20 yuan, Shenyang dropped by 10 yuan, Shanghai rose by 10 yuan, and prices in Tianjin, Xi’an, Hangzhou and Chengdu remained stable. According to statistics, as of June 8th, the total inventory of hot-rolled coils in 29 key cities in China was 4,119,500 tons, a decrease of 37,300 tons from the same period last week, a decrease of 0.9%, which was lower than the same period of last month. 5.1%, 14.5% lower than the same period last year. Shanghai, the leading city in the south, had a stock of 1.09 million tons, down 10,000 tons from the same period last week, a decrease of 0.91%; Guangzhou's inventory of 763,000 tons, a slight increase of 0.2 million tons, an increase of 0.26%. Tianjin, the leading city in the north, had an inventory of 330,000 tons, down 24,000 tons from the same period of last week, a decrease of 6.78%; and 129,900 tons, an increase of 0.3 million tons, an increase of 2.37%.
On the cold plate side, as of June 8th, the average price of 1.0mm cold-rolled coils in 10 major domestic cities was 5009 yuan, which was 43 yuan less than the same period of last week and 162 yuan less than the same period of last month. Last week, the price of Zhengzhou dropped sharply by 100 yuan. The prices in Shanghai, Guangzhou, Wuhan, and Chengdu fell by 50-60 yuan from last week. The prices in Tianjin, Hangzhou, and Xi'an dropped by 30-40 yuan. The prices in Beijing and Shenyang have not changed much. In terms of inventory, as of June 8th, inventory of cold-rolled coils in 24 key cities in China was 1,604,400 tons, down 0.75 million tons from the previous week, a decrease of 0.64%, 0.71% lower than the same period of last month and 1.71% lower than the same period of last year. .
In terms of plate, as of June 8th, the price of 20mm medium plate in 10 key cities in China was 4,119 yuan, which was 28 yuan less than the same period of last week and 200 yuan lower than the same period of last month. Last week, the market prices in Shanghai and Chengdu fell by 70 yuan from last week, while Hangzhou and Guangzhou dropped by 40 yuan. The prices in Tianjin, Xi’an and Wuhan dropped by 20 yuan. The prices in Beijing, Shenyang and Zhengzhou were basically stable. In terms of inventory, as of June 8th, domestic plate stocks in 29 key cities in China were 1,610,700 tons, down 0.29 million tons from the same period last week, a decrease of 0.18%, 1.66% lower than the same period of last month and 13.45% lower than the same period of last year. %.
Last week, the overall performance of downstream domestic demand for sheet materials was still relatively modest, and the spot transaction was not good. However, after continuous declining, accompanied by the low inventory in the spot market for two-and-a-half years and the rebound demand after price oversold, some areas appeared on the Lifting is also reasonable. However, the rebound still has to be accompanied by the support of quantity. The actual situation of the current downstream demand still does not support the actual improvement of the plate market. In addition, following the rapid decline of the Chinese manufacturing PMI index to the beginning of the year, HSBC’s China Manufacturing PMI index further slowed down, indicating that the growth rate of the manufacturing economy has further declined. Compared with the concentration of new major steel prices in major steel mills, sheet prices have weakened in the short term, and the consolidation phase has continued for some time, as demand has weakened and cost support has weakened.
However, after the country accelerated the examination and approval of large-scale projects and lowered interest rates this time, the confidence in the domestic steel market has been significantly boosted. At the same time, after the drop in steel prices, domestic steel production began to decline, which is also good for the market. According to the latest statistics from the China Iron and Steel Association, crude steel production of key large and medium-sized iron and steel enterprises in the country was 17.734 million tons in the middle of May, with an average daily output of 1.612 million tons, which was significantly lower than the 4.7% month-on-month. Estimated national crude steel production in late May It was 21.556 million tons, with an average daily output of 1,959,600 tons, which was a 3.9% drop from the previous month. Judging from the current situation of the domestic steel market, the possibility of a sharp drop in prices has been very small, and the market price will gradually bottom out in the later period, waiting for opportunities to rebound.
Construction steel: Last week, the domestic construction steel market price continued its downward trend last week. Prices in most regions have declined, but the overall decline has been relatively limited. If there is no central bank down the news of the deposit of benchmark interest rates, the domestic steel market last week was one week that was least affected by other factors. It did not influence the adjustment of the factory price of steel mills, the effect of the settlement price, and there was no prepayment at the end of the month. Money and pressure to raise funds, so the market appears calmer.
In anticipation of poor economic data in May, the performance of the domestic capital market remained unsatisfactory last week. On Friday, the Shanghai Composite Index reported 2288 points, down 85 points from last Friday, a decrease of 3.58%; Shanghai* * Exchange copper ** main contract closed at 53,030 yuan (ton price, the same below), down 1,300 yuan from last Friday, a decrease of 2.39%. The 1210 contract for rebar on the Shanghai ** Exchange closed at 4,108 yuan, up 13 yuan from last Friday, or 0.32%, which is not easy. In addition, last week, the price of steel billet in Tangshan area rose significantly under the situation of slightly strained resources. Although it failed to drive the price of construction steel resources in major steel mills around the country, it has played a role in pulling the resource prices of small steel mills and market confidence. To support. Last week, the factory price of 150 billets of common carbon in the Tangshan area reached 3,610 yuan, up 70 yuan from last Friday, and the price of individual retailers reached 3,660 yuan, up by more than 100 yuan from last week.
According to market monitoring, as of June 8th, the average price of Φ25mm secondary rebar in the 10 major cities in China was 4,072 yuan, a slight decrease of 3 yuan over the same period of last week and a decrease of 101 yuan over the same period of last month; the prices of major cities in the previous week The prices of Beijing, Xi'an, and Zhengzhou dropped by 30-40 yuan compared with last week. Prices in Shanghai and Guangzhou both increased by 40 yuan. Prices in Tianjin, Shenyang, Hangzhou, Chengdu, and Wuhan changed little. The average price of Φ25mm tertiary rebar in 10 major cities in China is 4,165 yuan, which is 9 yuan less than the same period of last week and 103 yuan lower than the same period of last month. The market prices in Beijing, Shanghai, Zhengzhou, and Xi’an have dropped by 30-40 yuan from last week. Hangzhou fell 20 yuan, Guangzhou and Chengdu rose 30-40 yuan, Tianjin, Wuhan, Shenyang, the price change is not. The average price of Φ6.5mm high line in 10 major cities in China was 4,079 yuan, down 15 yuan from the same period last week and down 124 yuan from the same month of last month; last week, the market price in Beijing fell by 50 yuan compared with last week, Tianjin, Xi’an, and Wuhan. The prices in Chengdu and Guangzhou fell by 20-30 yuan, the price in Shanghai rose by 20 yuan, and the prices in Shenyang, Zhengzhou, and Hangzhou changed little.
Due to the small change in market prices, both traders and end-users are operating normally. Traders are no longer in a hurry to throw cargo, and purchases have basically recovered. End-user purchases have also increased from the previous period. In the game between the supply and demand sides only, the decline in the domestic construction steel inventory slowed down significantly compared with the previous two weeks. According to the latest statistics, as of June 8th, the construction steel society inventory in 29 key cities across the country was 8.839 million tons, a decrease of 149,100 tons or a decrease of 1.75% over the same period last week (a decrease of about half of the previous weeks). It was down 10.6% from the same period of last month, but still 18.89% higher than the same period of last year. From the perspective of cities, Beijing, the dominant city in the north, has a stock of 630,800 tons, down by 23,500 tons from the previous week, a decrease of 3.59%; Tianjin's inventory of 398,800 tons, which is a decrease of 3.6% from last week's 16,200 tons, and Shenyang's inventory of 630,000 tons. It fell by 20,000 tons from last week, a decrease of 3.08%. Shanghai, a leading city in the south, has a stock of 530,000 tons, down 0.9 million tons from the previous week, a decrease of 1.67%; Hangzhou stock is 518,000 tons, an increase of 8,000 tons, an increase of 1.57%; and Guangzhou stock is 750,000 tons, down 22,000 tons from last week. A decrease of 2.85%. From a large region, the total inventory in North China, Northeast China, and Northwest China fell by 3-4% last week. The inventory in other regions did not change significantly.
Plates: Last week, the prices of the domestic steel plate market continued to operate at a weaker pace. The price of hot-rolled coils in various regions tended to be stable. Although prices in some regions have risen and fell, they have been limited. The prices of cold-rolled coils and plate are still weak, and the price drop in some areas is still significant.
For hot rolled coils, according to market monitoring, as of June 8th, the average price of 5.5mm hot rolled coils in 10 key cities in China was 4,170 yuan, which was 8 yuan less than the same period of last week and 111 yuan lower than the same period of last month; Last week, prices in Beijing, Guangzhou, Zhengzhou, and Wuhan dropped by 20 yuan, Shenyang dropped by 10 yuan, Shanghai rose by 10 yuan, and prices in Tianjin, Xi’an, Hangzhou and Chengdu remained stable. According to statistics, as of June 8th, the total inventory of hot-rolled coils in 29 key cities in China was 4,119,500 tons, a decrease of 37,300 tons from the same period last week, a decrease of 0.9%, which was lower than the same period of last month. 5.1%, 14.5% lower than the same period last year. Shanghai, the leading city in the south, had a stock of 1.09 million tons, down 10,000 tons from the same period last week, a decrease of 0.91%; Guangzhou's inventory of 763,000 tons, a slight increase of 0.2 million tons, an increase of 0.26%. Tianjin, the leading city in the north, had an inventory of 330,000 tons, down 24,000 tons from the same period of last week, a decrease of 6.78%; and 129,900 tons, an increase of 0.3 million tons, an increase of 2.37%.
On the cold plate side, as of June 8th, the average price of 1.0mm cold-rolled coils in 10 major domestic cities was 5009 yuan, which was 43 yuan less than the same period of last week and 162 yuan less than the same period of last month. Last week, the price of Zhengzhou dropped sharply by 100 yuan. The prices in Shanghai, Guangzhou, Wuhan, and Chengdu fell by 50-60 yuan from last week. The prices in Tianjin, Hangzhou, and Xi'an dropped by 30-40 yuan. The prices in Beijing and Shenyang have not changed much. In terms of inventory, as of June 8th, inventory of cold-rolled coils in 24 key cities in China was 1,604,400 tons, down 0.75 million tons from the previous week, a decrease of 0.64%, 0.71% lower than the same period of last month and 1.71% lower than the same period of last year. .
In terms of plate, as of June 8th, the price of 20mm medium plate in 10 key cities in China was 4,119 yuan, which was 28 yuan less than the same period of last week and 200 yuan lower than the same period of last month. Last week, the market prices in Shanghai and Chengdu fell by 70 yuan from last week, while Hangzhou and Guangzhou dropped by 40 yuan. The prices in Tianjin, Xi’an and Wuhan dropped by 20 yuan. The prices in Beijing, Shenyang and Zhengzhou were basically stable. In terms of inventory, as of June 8th, domestic plate stocks in 29 key cities in China were 1,610,700 tons, down 0.29 million tons from the same period last week, a decrease of 0.18%, 1.66% lower than the same period of last month and 13.45% lower than the same period of last year. %.
Last week, the overall performance of downstream domestic demand for sheet materials was still relatively modest, and the spot transaction was not good. However, after continuous declining, accompanied by the low inventory in the spot market for two-and-a-half years and the rebound demand after price oversold, some areas appeared on the Lifting is also reasonable. However, the rebound still has to be accompanied by the support of quantity. The actual situation of the current downstream demand still does not support the actual improvement of the plate market. In addition, following the rapid decline of the Chinese manufacturing PMI index to the beginning of the year, HSBC’s China Manufacturing PMI index further slowed down, indicating that the growth rate of the manufacturing economy has further declined. Compared with the concentration of new major steel prices in major steel mills, sheet prices have weakened in the short term, and the consolidation phase has continued for some time, as demand has weakened and cost support has weakened.
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