Domestic spot steel prices rose slightly, hitting highs for the year but the performance of the transactions was not stable and demand follow-up was not sufficient. Iron ore market consolidation shocks, imports of ore port stocks rising.
In the recent week, the domestic spot steel composite index closed at 156.09 points, up 1.46% in one week. As the steel futures market ushered in a wave of strong gains, led spot steel prices up, and hit a year high. As far as market turnover is concerned, the performance is not stable. The transaction turned better in early Zhou's week. However, under the circumstance of continuous price hikes, demand follow-up was insufficient, which restrained the impetus for further price increases. The current stock market level is still relatively low, while the mainstream steel mills in the new round of pricing generally open up, these two points to the market provides some support.
According to analysis, in the construction steel market, prices rose sharply. Shanghai, Hangzhou, Jinan and other places ton price up 10 yuan to 230 yuan a week. As can be seen from Shanghai and other places, the sharp rebound in the futures market, spot steel prices with the positive rise, inventory decline, businesses and mills quite willing to price quite. By the latter part of the week, the price increase slightly dropped, but the overall gain was still relatively strong.
In the plate market, prices generally go up. Hot rolled coil prices rose slightly, Shanghai, Guangzhou, Beijing-Tianjin-Hebei and other places prices rose 20 yuan a week to 110 yuan; only Taiyuan, Urumqi, the market price fell slightly. At present, the overall volume of hot rolled coils is still low, and the increase of resources in the market is not obvious in the short term, which plays a supporting role in the market price. Intense plate price shocks, Shanghai, Fuzhou, Wuhan and other places prices rose 10 yuan to 70 yuan a week; only a small number of Beijing, Tianjin and Hebei, Urumqi, a slight decline in market prices. At present, the stock market presents a declining trend. Therefore, some merchants are more optimistic about the steel price in the afternoon market and will not cut too much even if adjustments are made.
Iron ore market to shock-based operation. According to the latest report of "West this Shinkansen", in the domestic ore market, Hebei iron concentrate prices fell slightly in November, the price of gold fell by 5 to 10 yuan. In the short term, the domestic ore market is in a state of weak balance between supply and demand. Import ore prices in November as a whole around the price of $ 60 price fluctuations. As of 26, Platts 62% grade imported ore index closed at 62.3 US dollars per ton, up 0.95 US dollars over the previous month. Overall, the domestic market demand for imported ore less than expected, but the supply of imported ore is on the rise, the port iron ore inventories continued to rise, now has reached 136 million tons of high level.
Analysis of the relevant agencies that the domestic steel market next arena are long and short factors: on the one hand, social stocks and steel stocks are at a low level, the northern steel mills make the heating season limited supply is expected to shrink the market supply is still strong; the other hand, trade Business and downstream users of the current steel prices have produced some fear of high psychology, coupled with seasonal off-season consumption and other factors, the market demand will face a marked decline. Decline in domestic steel prices will be switched frequently in December, the overall trend was running shock.
