The continuous rise in steel prices has not led to a substantial increase in steel supply. This key factor has formed a certain support for the current activity of the domestic spot steel market. The iron ore market also showed upward momentum, and the ton price of imported ore once broke through the $60 mark.
According to the latest market report provided by the well-known domestic steel information organization "My Steel", in the latest week, the domestic spot steel price composite index closed at 102.77 points, up 8% in a week. This week, the steel futures market rebounded after surging, and the price of steel billets rose by 130 yuan per ton. At present, overall, the resources in the steel market are tight. Near the weekend, the market sales become relatively light. Some merchants loosen their prices to seek shipments, but the overall mentality of the market is relatively stable, because the arrival of new resources in the market is limited, and the overall pressure is not great. .
In the construction steel market, prices have risen sharply. Ton prices in Shanghai, Hangzhou, Beijing-Tianjin-Hebei and other regions rose by about 200 yuan a week, and the market price in Taiyuan rose by 440 yuan. At present, the market prices in many regions have stabilized after a sharp rise, the market demand is good, the inventory is generally low, and the quotations of merchants are relatively firm.
In the plate market, prices have generally risen sharply. The price of hot-rolled coils has risen sharply, and the prices in Fuzhou, Beijing, Chengdu and other places have increased significantly. As the weekend approached in many regions, affected by the correction in the futures market, steel prices fell and demand also slowed down. However, due to the uneven specifications of salable resources in the market, merchants have limited price reductions. The price of medium and thick plates has risen sharply, and the ton price in Beijing-Tianjin-Hebei, Shenyang, Kunming and other places has risen by more than 200 yuan a week. The situation is basically the same, due to the low inventory, the steel price adjustment space is limited.
There is also an upward trend in the iron ore market. According to the latest report of "Nishimoto Shinkansen", in the domestic ore market, the price of iron fine powder in Hebei has risen slightly, and the purchase of steel mills has basically maintained a normal level. Imported ore prices fell after a sharp rise. In the middle of the week, the price of imported ore once broke through the $60 per ton mark, which is the second time this year. As of the 14th, the Platts 62% iron ore index closed at $58.75 per ton, up $5.15 a week. Recently, the domestic steel market price has continued to rise, and the profitability of steel companies has improved, and they have increased their purchases of imported iron ore.
According to the analysis of relevant institutions, the recent domestic steel prices have reproduced the sharp rise in early March, especially in the northern and western regions, where the weekly ton price has risen as high as 400 to 500 yuan, and the prices in many markets have exceeded the prices at the beginning of last year. High Point. It is inevitable for these areas with excessive price increases to correct in the short term. However, steel prices in East China are relatively low, and resources are still relatively tight, so there is limited room for price corrections.