Steel Market Adjustment Pattern Remains

Since the middle of November of last year, "bottoming out", domestic

However, analysts in the industry also noted that there was a phenomenon of "no amount of rise" in the period of "rising" for a long time.

      鋼價又“回頭”

In recent days, there has been a continuous occurrence of reporters' short messages.

According to the monitoring of major steel information institutions, 9 days, 28 cities in China, the market price of main lines and rebar varieties decreased by 20 yuan and 15 yuan per ton respectively; on the 10 day, they fell 23 yuan and 22 yuan per ton respectively; 11 tons per ton fell by 22 yuan respectively.

And the hottest rolled coil with the most uptrend in the past is the most obvious. The price of the thin gauge varieties dropped by 250 yuan in 3 days. Some people in the market sighed, "there is a smell of roller coaster."

Researchers recalled that domestic steel prices hit bottom in mid November last year and then went up and counterattack all the way.

At present, the price of China's main domestic steel products has reached a high level in the world, and the price of hot and cold rolled sheet has surpassed that of the European and American markets.

      從“三方關系”看市場

When reporters exchanged views with a number of industry analysts, we were all concerned about the three concepts of "steel supply", "market inventory" and "terminal demand".

In the past few years, domestic steel mills sharply reduced production and reduced supply, resulting in a decline in the overall stock market level and a steady market mentality. Dealers gradually have the ability to make up their hands to bargain for low price resources and start a new round of "library operations". On this basis, steel prices have seen a "continuous rise" market.

It should be soberly noted that in this process, the crucial downstream demand has not been significantly improved, and the "final solution" of market resources is not very smooth.

Some dealers contacted by reporters also noticed the problem of "empty inflation" of the previous section of steel price.

      警惕“單向度”市場

The domestic steel market once again appeared "rising for more than 9 weeks" one dimensional trend is worth vigilance.

When communicating with a number of people in the industry, reporters also learned that the domestic steel market often had a trend of "ups and downs". The key lies in the lack of its internal market regulation mechanism.

At present, the level of steel inventory in the domestic market is not high, but it has increased rapidly in recent years, mainly concentrated in the hands of dealers. This shows that terminal demand has not yet been restored obviously, and the market risk is far from being lifted.

With the market factor becoming more complex, the atmosphere of market wait-and-see is becoming stronger and the market mentality is calm. This is a good thing.