Although there were signs of a rebound in the end of the week, the strength was not enough, and the ability to promote finished pipes was limited. At present, the steel market is in the off-season, and in addition, there is generally a rainy season in the south, so there will not be much breakthrough in the demand in the later period. As for the good news, the impact may be very limited; therefore, only relying on low cost fluctuations cannot solve the problem of steel. city's predicament. For the late-stage manufacturers, the capital aspect is also a big test; based on the increase in the spot market, the pressure on the market demand will increase, and the coefficient of further decline is still quite high. The research team of Fubao Pipes predicts that the market price of manganese steel plates may stabilize and remain weak.
The off-season is approaching, and the rainy season in the later period is added. It is recommended that merchants take the goods cautiously. It is best to give priority to the spot, and there is no need to rush to replenish the position. The risk of falling again in the future market cannot be ruled out.
However, some operators expressed their expectations for the market outlook, especially the hot and cold plate market in Shanghai, because the current price of hot and cold plates in Shanghai has entered the bottom, which is a trough compared to other areas in China. It is reported that some steel mills in the north The resources sent to the Shanghai market have been significantly reduced, and some steel mills have suspended shipments to Shanghai, which is conducive to alleviating the contradiction between supply and demand. From this point of view, the market price of manganese steel plate is expected to stop falling and rebound, but there will be no obvious rise in the short term.
This week, the domestic hot-rolled north fell significantly, and the south was weak and consolidated. The main reason is that the hot coil in the north has risen too fast in the early stage, resulting in the high price of resources at this stage, and the north-south price has been inverted. After the centralized resumption of production in northern steel mills, new goods are mainly sent to the local area. At the same time, the downstream manufacturing industry is sluggish and difficult to change, the market demand is insufficient, and procurement does not recognize high-priced resources. As supply continues to increase, sales continue to shrink, and the imbalance between supply and demand intensifies. Prices keep falling. The southern market has not weakened much. Steel mills generally reduced the amount of resources they put into the market. Although the transaction continued to be poor, but the inventory continued to decrease, the market supply pressure was not large. The overall wait-and-see mood of manganese steel plate merchants Goods are the mainstream, and in part due to financial pressure, the actual transaction can still be negotiated. For next week, considering that the new policy of steel mills is flat, the resource cost support will still exist in the later period, while the supply is concentrated in the northern region, the supply in the southern market is slow, and the overall demand is difficult to improve. The relatively stable regional differences in the north, weak in the south, will continue.