Construction steel prices return to weak iron ore and other raw materials prices fall back

Not long after the “stubborn” rose, the construction steel price returned to the weak, and the prices of raw materials such as iron ore were also “weakly linked”. According to the latest market report provided by the well-known steel spot trading platform “Xiben Shinkansen”, the steel market is actually a “platform shock period”. The shipments are repeated and uncertain, and the rise and fall are weak. The “trend market” is not stable. basis. According to the monitoring of the organization, after the continuous rise after the Ching Ming Festival, the construction steel price returned to a weak situation. As of the 22nd, the West Index was reported at a price of 4,740 yuan per ton, which was the same as last week. At present, the price of the second-grade rebar of high-quality products in Shanghai is adjusted to 4,700 yuan, down 10 yuan a week; the price of high-quality third-grade rebar in Shanghai is adjusted to 4,780 yuan per ton, down 30 yuan a week. People in the market report that the current steel price, "the rise and fall are difficult to see a clear climate." Some of the main factors supporting the rise in steel prices in the early stage have changed a certain amount. The demand has changed from “concentrated heavy volume” to “intermittent release”, and the prices of raw materials such as iron ore have risen sharply after a sharp rise. Although the inventory of construction steel continued to lighten up, but the output of crude steel continued to hit a new high, the supply pressure is difficult to be substantially released. The judgment of domestic mainstream steel mills on the market outlook has become increasingly rational. After the leading enterprise Baosteel took the lead in lowering the ex-factory price in May, major steel mills such as Anshan Iron and Steel, Shougang and Bengang also lowered the ex-factory price of the plate by 200 to 480 yuan per ton, basically reversing the price of the plate market and the steel mill this year. The price "long-term upside down" situation. Construction steel manufacturers also generally show a wait-and-see attitude. Iron ore prices have finally fallen back from high levels. Industry analysts believe that steel prices and raw material prices have formed a "mutual linkage" relationship. At the same time that steel prices have peaked, the steel raw materials market has also undergone significant adjustments. After the price of billet rose to a new high of nearly two years, the decline was more obvious. The domestic iron fines prices continued to fall slightly, reaching a range of 30 yuan per ton. The purchasing attitude of steel mills was cautious and the market transactions were not satisfactory. As for the import of spot mines, it is also a shocking decline. At present, the 63.5% grade Indian powder mine is priced at 186 US dollars per ton, down 3 US dollars a week. The attitude of the merchants to the market outlook is not very optimistic, the market atmosphere is light. Some market participants believe that after a short period of demand, the steel market transactions have returned to the entangled state of “good time difference”, which indicates that the procurement rhythm of the downstream industry is “very unstable”. The rising cost of steel raw materials and the cost of steel holdings have all come to an end, which has weakened the “bullish enthusiasm” of the steel market. On the one hand, the upward momentum is weakened. On the one hand, the “killing power” is also lacking. The narrow fluctuation is the “only way out” for the steel market in the near future.  

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