Domestic steel prices continue to rise imported iron ore prices fluctuate widely
摘要：After a round of ups and downs, the domestic spot steel price is currently entering the rising channel for the second consecutive week, and the cost and production contraction are supporting factors, but the demand is still insufficient. Imported iron ore prices are ups and downs, has not yet found a stage of price positioning.
After a round of ups and downs, the domestic spot steel price is currently entering the rising channel for the second consecutive week, and the cost and production contraction are supporting factors, but the demand is still insufficient. Imported iron ore prices are ups and downs, has not yet found a stage of price positioning.
According to the relatively new market report provided by the well-known domestic steel information agency "My Steel", in the latest week, the domestic spot steel price composite index closed at 124.03 points, up 4.59% in a week. Market participants said that steel prices after a "rise - correction" after a "roller coaster", the price is currently rising for 2 consecutive weeks. Steel futures are strong, spot steel prices are actively pulling up, although there is a large volume of market transactions, but the terminal demand is still weak, and the follow-up is worrying. However, the cost of steel is still supportive, and the factory quotation of mainstream steel mills continues to rise in December. In addition, some areas of the country are undergoing environmental supervision, steel output will be inhibited, these factors will have a certain upward thrust on the steel market.
According to the analysis, in the construction steel market, the price has risen sharply. In Shanghai, Hangzhou, Hefei and other places, the ton price rose 30 yuan to 290 yuan in a week. From the specific market dynamics in Shanghai and other places, we can see that although the price has risen in general, there are still ups and downs. At the beginning of the week, the market rose sharply, but prices fell back amid rapidly shrinking volumes. However, the subsequent news that illegal production capacity in some areas has been investigated has become a hot spot of market attention, and the market"s expectation of supply reduction has increased, and prices have risen again.
In the plate market, the price has risen significantly. The price of hot rolled coil rose sharply, and the ton price in Shanghai, Jinan, Guangzhou and other places rose 20 yuan to 280 yuan a week. In the Beijing-Tianjin-Hebei market, the price of a large ton rose or fell by more than 100 yuan in a single day. The price of medium and thick plate also rose sharply, and the ton price in Shanghai, Wuhan, Beijing-Tianjin-Hebei and other places rose 50 yuan to 300 yuan a week. Overall, the market mentality is OK, but in East China, some merchants have adjusted the pace in placing orders.
The price of imported ore in the iron ore market has fluctuated sharply. According to the latest report, in the domestic mining market, the price of iron fine powder in Hebei has basically remained stable, the enthusiasm of steel mills has declined, and the wait-and-see atmosphere in the mining market has increased. The price of imported ore fluctuated widely, surging to $81.65 per ton at the beginning of the week, a new high in nearly two years, but began to fall rapidly in the middle of the week, only to rise sharply again at the end of the week, hitting the $80 per ton mark. As of 1, the 62% grade iron ore index closed at $79.1 per ton, down $1.25 a week. Recently, the domestic capacity and environmental governance efforts have increased again, the operating rate of steel mills has declined, and the demand for iron ore has also tended to fall.
The analysis of relevant institutions believes that the current domestic steel market is interwoven, after the steel price rose to a high, the trend began to appear tangled, the market mentality also tends to be cautious, and the steel price will be mainly organized by high shocks in the short term.
According to the relatively new market report provided by the well-known domestic steel information agency "My Steel", in the latest week, the domestic spot steel price composite index closed at 124.03 points, up 4.59% in a week. Market participants said that steel prices after a "rise - correction" after a "roller coaster", the price is currently rising for 2 consecutive weeks. Steel futures are strong, spot steel prices are actively pulling up, although there is a large volume of market transactions, but the terminal demand is still weak, and the follow-up is worrying. However, the cost of steel is still supportive, and the factory quotation of mainstream steel mills continues to rise in December. In addition, some areas of the country are undergoing environmental supervision, steel output will be inhibited, these factors will have a certain upward thrust on the steel market.
According to the analysis, in the construction steel market, the price has risen sharply. In Shanghai, Hangzhou, Hefei and other places, the ton price rose 30 yuan to 290 yuan in a week. From the specific market dynamics in Shanghai and other places, we can see that although the price has risen in general, there are still ups and downs. At the beginning of the week, the market rose sharply, but prices fell back amid rapidly shrinking volumes. However, the subsequent news that illegal production capacity in some areas has been investigated has become a hot spot of market attention, and the market"s expectation of supply reduction has increased, and prices have risen again.
In the plate market, the price has risen significantly. The price of hot rolled coil rose sharply, and the ton price in Shanghai, Jinan, Guangzhou and other places rose 20 yuan to 280 yuan a week. In the Beijing-Tianjin-Hebei market, the price of a large ton rose or fell by more than 100 yuan in a single day. The price of medium and thick plate also rose sharply, and the ton price in Shanghai, Wuhan, Beijing-Tianjin-Hebei and other places rose 50 yuan to 300 yuan a week. Overall, the market mentality is OK, but in East China, some merchants have adjusted the pace in placing orders.
The price of imported ore in the iron ore market has fluctuated sharply. According to the latest report, in the domestic mining market, the price of iron fine powder in Hebei has basically remained stable, the enthusiasm of steel mills has declined, and the wait-and-see atmosphere in the mining market has increased. The price of imported ore fluctuated widely, surging to $81.65 per ton at the beginning of the week, a new high in nearly two years, but began to fall rapidly in the middle of the week, only to rise sharply again at the end of the week, hitting the $80 per ton mark. As of 1, the 62% grade iron ore index closed at $79.1 per ton, down $1.25 a week. Recently, the domestic capacity and environmental governance efforts have increased again, the operating rate of steel mills has declined, and the demand for iron ore has also tended to fall.
The analysis of relevant institutions believes that the current domestic steel market is interwoven, after the steel price rose to a high, the trend began to appear tangled, the market mentality also tends to be cautious, and the steel price will be mainly organized by high shocks in the short term.
