Last week, with the reduction of the deposit reserve ratio, the business quotation pulled up the trend of the mentality, the price was raised, and the weekend's transaction also improved. At present, the steel market is in the stage of destocking. However, the continuous rainy weather has hindered the market's transactions, and the demand has not yet reached the release point of the traditional peak season. I would like to ask, will the current hardware and building materials market rebound for a long time?
Since the beginning of this year, the steel industry has maintained a low operating trend. The years have not started, steel mills and steel traders are in a tight state, demand is not picking up, inventory is rising, fortunately with the temperature Looking back, the steel market demand has improved, but the demand has not yet reached the release point of the traditional peak season. Now the steel market has immediately peaked in the “Golden Three Silver Four†sales, can the market rebound now?
In the past week, the steel market has been running relatively smoothly, the price of building materials market has increased slightly, the market for hot-rolled coils has remained stable, and the market price of plate has fluctuated. The rapid growth of market stocks has put some pressure on steel prices, while downstream demand has not yet Start-up, the existence of time difference still hampers steel prices, and steel will remain dominated by weak conditions in the short term.
Near the traditional peak season in March, the demand for steel market is still low. Although steel prices have rebounded in the past two days, overall, weak demand and high inventory data have made the industry optimistic.
As of February 17, 2012, the rebar stocks of major cities nationwide were 4.9951 million tons, an increase of 388,700 tons from the previous week, an increase of 4.79%; wire stocks were 2.5035 million tons, an increase of 99,500 tons from the previous week, an increase of 4.14. %, although the total inventory of domestic snails is still in the upward channel, it is not difficult to see that the inventory growth rate of the inventory is decreasing after the year, indicating that the market is currently in a slow destocking state.
With the introduction of the price policy in late February on the 21st, Shagang lowered the rebar by 180 yuan/ton, the wire by 150 yuan/ton, and the snail down by 150 yuan/ton. Now the rebar is 4,100 yuan / ton, the high line is 4,100 yuan / ton, and the snail is 4,150 yuan / ton. Although the steel mills have a large downward adjustment, the market is still performing poorly.
Although the steel market is now improving, but the market is far below expectations, demand is not released, the market said that it still needs to be cautious. According to the Meteorological Observatory, the recent cold weather will continue until the end of February, and the “Golden, Three Silver and Four Silver†steps have been It is getting closer and closer, and whether the steel market can rebound is still uncertain.
Concerned about surprises
Tag: steel market, steel price, gold, three silver, medium plate, hot rolling
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