Can the limited production storm stabilize the steel market?

In the 34th week of 2019 (2019.8.19-8.23), the Lange Steel National Steel Composite Price Index reached 147.0 points, down 0.49% from last week and down 14.38% from the same period last year. Among them, LGMI long product price index was 156.6 points, down 0.66% from last week, down 17.17% from the same period of last year; LGMI profile price index was 158.3 points, down 0.35% from last week, down 10.26% from the same period of last year; LGMI sheet price The index was 135.3 points, down 0.40% from the previous week and down 13.31% from the same period of last year. The LGMI pipe price index was 159.4 points, down 0.27% from last week and down 9.26% from the same period last year.

According to the monitoring data of the Lange Steel Cloud Business Platform, the price changes of 17 types of 43 specifications (variety) of steel raw materials and steel products in some regions of China in the 34th week of 2019 are as follows: The market price of major steel products fluctuated and fell. Compared with the week, the rising varieties decreased slightly, the flat varieties remained unchanged, and the falling varieties increased slightly. Four of them rose, down from 2 last week; 10 were flat, unchanged from last week; 29 were down, two more than last week. The domestic steel raw material market fluctuated and consolidated. The price of iron ore fell steadily by 25 yuan. The price of coke remained stable. The price of scrap rose by 10-20 yuan, and the price of steel bill fell by 50-90 yuan.

At present, the prospects for Sino-US trade wars remain unclear, but the central bank’s “disguised interest rate cuts” and the re-upgrading of more stringent environmental protection and production restrictions in some regions have restored the confidence of the steel market and made the futures market fluctuate widely. The trend, although the current downstream demand has begun to recover, the steel social inventories have been falling for two consecutive weeks, while the steel mill’s output has also declined, making the supply pressure of the steel market in the future have decreased, but the current downstream demand is heavy Not obvious, the steel market is not strong enough to rise again. On the whole, the steel market will continue to show a steady decline next week.

According to the weekly price forecast model data of Lange Steel Cloud Business Platform, the domestic steel market price will decline steadily next week (2019.8.26-8.30), the long product market price will fall steadily, and the profile market price will decline steadily. The market price will decline steadily, and the pipe market price will decline steadily. The Lange Steel National Steel Composite Price Index is expected to fluctuate around 146.6 points. The average price of steel is around 4030 yuan, with an average fluctuation of 10-30 yuan. Among them, the long product price index is expected to fluctuate around 156.0 points, down 0.6 points; The index is expected to fluctuate around 158.0 points, down 0.3 points; the sheet price index is expected to fluctuate around 135.0 points, down 0.3 points; the pipe price index is expected to fluctuate around 159.4 points.


Post time: Aug-26-2019
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