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The latest market trend of steel prices on August 1st
Latest company news about The latest market trend of steel prices on August 1st

[Construction Steel] The domestic construction steel market fluctuated and rose this week. The average price of rebar in major cities was RMB 4,170/t, up RMB 142/t from last Friday. The closing price of the main contract of rebar futures this week was 3996 yuan/ton, an increase of 133 yuan/ton from last Friday's closing price, and a discount of 74 yuan/ton compared to the Hangzhou Zhongtian thread market price of 4070 yuan/ton. As the futures rebounded, the spot price continued to rise, and the market finally stabilized the shipments, and the overall transaction was acceptable. Some steel mills released news of production cuts and production stoppages. Although there is a situation of bottom-hunting, the overall market inventory pressure has been alleviated to a limited extent. At present, the high temperature and rainy conditions and the repeated restrictions of the epidemic have resulted in a slow release of demand. With the strengthening of the disk, the market mentality has improved, and the enthusiasm of the terminal to get goods has increased. The rebound in raw material prices and the continuous depletion of inventories have boosted market sentiment to a certain extent. However, whether prices can continue to rebound depends on the continuity of demand release. It is expected that the market quotations of construction steel will continue to fluctuate in the near future.


[Hot-rolled coil] This week, the spot price of hot-rolled coils rose continuously. As of July 29, Shanghai 3950-3960 yuan / ton, up 140 from last Friday. Lecong's 3950-3960 yuan rose 140 yuan from the same five; Tianjin 3930-3940 rose 160 yuan from last Friday. This week's output was 3.0407 million, a month-on-month decrease of 2.6%, a year-on-year decrease of 2.36%, and continued decline for four weeks. In the later period, the profit of hot-rolled production has recovered as prices have risen, and the number of steel mills under maintenance has decreased, and supply may increase. The social pool decreased by 28,700 tons, a decrease of 6.58% compared with last year, but according to the historical trend, it is still at a high level in the short term. Entering the high-temperature holiday next week one after another, the terminal production may be weakened, mainly depending on the market situation and the current purchase transaction situation, it is expected that the price may still fluctuate and rise.


[Cold-rolled coil] This week, the price of cold-rolled market is mainly rising. The daily average price of cold-rolled sheet in key domestic cities is 4,574 yuan/ton, up 72 yuan/ton from the week, and down 518 yuan/ton from the month-on-month. Among them, the market price of Anshan Iron and Steel 1.0 cold coil in Shanghai is 4,370 yuan/ton, up 100 yuan/ton from last week; Tianjin Tiantie 1.0 cold coil is 4,320 yuan/ton, up 90 yuan/ton from last week; Lecong Liugang 1.0 cold coil Volume 4330 yuan / ton, up 80 yuan / ton on a week-on-week basis. 5.5 The mainstream of hot and cold coils remained at 3950 yuan/ton, up 140 yuan/ton from last week; the price difference between hot and cold products was around 420 yuan/ton, narrowed by 40 yuan/ton. This week, the futures trend fluctuated upwards, the US interest rate hike was implemented, the macro expectations improved, and the cold-rolled market prices followed up. Among them, building materials were stronger than hot-rolled, and hot-rolled was stronger than cold-rolled. The settlement price of steel mills is partly high, the room for merchants to reduce prices is limited, and the base price of some steel mills is raised; based on the price increase, market shipments are promoted, thereby increasing the number of orders received. Inventory statistics this week showed a slight increase in cold rolling and limited demand, which did not support the fundamentals of the market. In the off-season of downstream production, merchants should operate cautiously. It is expected that the market price will fluctuate and adjust to run next week.


[Coating] This week, the price of the national coated sheet market fluctuated and rose. As of the 29th, the average price of 1.0mm galvanized sheet in major cities was 5,160 yuan (ton price, the same below), an increase of 52 yuan compared with the previous week; the average price of 0.3mm galvanized sheet in major cities was 4,880 yuan, which was similar to the previous week. The average price of 0.47mm color-coated boards in major cities was 6315 yuan, down 20 yuan compared with the previous week. Black futures continued to rise this week, boosting market confidence. The prices of raw materials such as billets rose first, and the prices of finished products such as coils and hot coils ushered in a strong rebound. The price of the galvanized market followed up and increased, but the performance of the color-coated coil was relatively lagging behind, and the market this week was still dominated by a small complement. Terminals are more resistant to high-level resources, and the overall transaction atmosphere is weak. In terms of supply, as of July 29, the operating rates of galvanizing and color coating were 78% and 65% respectively, both unchanged from last week. The inventory of galvanized sheet coils in major cities across the country totaled 1,213,800 tons, an increase of 29,300 tons from the previous week; the total inventory of color coatings was 287,700 tons, a decrease of 1,700 tons from the previous week. Recently, the profits of steel mills have been repaired, the expectation of steel companies to resume production has increased, and the price of upstream iron ore and other raw materials has risen, which is good for finished products. With the implementation of the Fed's interest rate hike, the short-term market's biggest bearishness may have been released, and the steel market is expected to welcome repairs. In view of the fact that the coated sheet is still in the stage of accumulating stockpiles, there is a certain pressure on the sharp rise in the market. It is expected that the price of domestic coated sheet will fluctuate strongly next week.


[Seamless pipe] The market price of seamless pipe fluctuated downward this week. Now the average market price of seamless pipe of 108*4.5 in 33 cities is 5477 yuan/ton, down 60 yuan/ton compared with the same period last week, and the overall market transaction is average. Steel mill prices: The national ex-factory price of seamless pipes is stable and down. The ex-factory price of seamless pipes in Linyi, Shandong is weak and stable. Currently, the ex-factory price of cold-drawn pipes in Linyi, Shandong is 5,300 yuan/ton, and the ex-factory hot-rolled pipes are 4,900 yuan/ton. Liaocheng thick-walled pipe 219*10 seamless pipe is 4,700 yuan/ton, down 100 yuan/ton. Linyi Tube Factory still has insufficient reserves of tube blanks, and there are not many finished products of seamless tubes. Thick-walled tubes in other areas have a large inventory pressure due to poor shipments. Some tube factories have stopped production. According to the current price difference between tube blanks and steel tubes Look, the loss margin of the pipe factory has narrowed, and some pipe factories can see a small profit. In terms of seamless pipe supply: this week's output was 269,700 tons, an increase of 8,200 tons week-on-week, and a month-on-month decrease of 12,000 tons; capacity utilization was 58.6%, a week-on-week increase of 1.78%, a month-on-year decrease of 2.6%; seamless pipe operating rate 58.2%, a week-on-week increase of 1.64%, a month-on-month decrease of 0.82%; the factory inventory was 669,100 tons, a week-on-week decrease of 25,400 tons and a month-on-month decrease of 70,400 tons. In terms of demand for seamless pipes: as of July 22, the weekly inventory of seamless pipes in the market was 678,600 tons, down 11,400 tons from the same period last week. This week, the overall price increase trend of steel prices is obvious, which stimulates the purchasing demand of downstream terminals. Recently, traders' inventory has been digested more obviously, and the seamless pipe market inventory has been on a downward trend for four weeks. It is expected that the downward trend in the market price of seamless pipes may ease next week, and the probability of a sharp rise is not very large.


[Stainless steel] The spot price of stainless steel continued to fall this week. As of July 29, the Wuxi market: 304 cold-rolled Taigang was quoted at 17,300 yuan/ton, down 300 yuan/ton from the previous week; Hongwang 2.0 resource price was 16,600 yuan Yuan/ton, down 400 yuan/ton week-on-week; 304 hot-rolled 3.0 was quoted at 16,300 yuan/ton, down 100 yuan/ton week-on-week. For the 200 series: the cold rolling was stable this week, and the actual transaction was adjusted flexibly. At present, the mainstream of J1 four-foot cold-rolled resources is 8800-9100 yuan / ton for burrs, and the J2J5 resources go to 8500-8600 yuan / ton for burrs. Traders still have some room for profit and concessions to accept orders. In terms of 400 series, the 430 cold-rolled operation was weak this week, down 100-200 yuan/ton compared with last week. Inventory of 400 series in Wuxi area decreased slightly this week. In view of the excessive production losses, the output of the 400 series of Northwest J Steel Mills was halved in July to only about 40,000 tons. Market: At present, the resources in Wuxi are mainly concentrated in the hands of big players, while other traders have limited resources and different specifications, and the overall transaction is relatively light.

Pub Time : 2022-08-01 18:00:06 >> News list
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