The smog is still not the steel market down?

In the 43rd week of 2019 (2019.10.21-10.25), the Lange Steel National Steel Composite Price Index reached 144.2 points, down 0.49% from last week and down 15.16% from the same period last year. Among them, LGMI long product price index was 155.8 points, down 0.59% from last week, down 18.47% from the same period of last year; LGMI profile price index was 153.0 points, down 0.46% from last week, down 12.41% from the same period of last year; LGMI sheet price The index was 131.7 points, down 0.38% from last week and down 12.90% from the same period of last year. The LGMI pipe price index was 155.0 points, down 0.38% from last week and down 12.90% 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 parts of China in the 43rd week of 2019 are as follows: The market price of major steel products fluctuated and fell. Compared with the week, the rising varieties remained stable, the flat varieties increased, and the falling varieties decreased. Five of them rose, which was the same as last week; 14 were flat, 8 more than last week; 24 varieties fell, down 8 from last week. The domestic steel raw materials market oscillated and consolidating, iron ore prices fluctuated slightly, coke prices fell by 50 yuan, scrap prices fell steadily by 20 yuan, and billet prices fell steadily by 10 yuan.
At present, the traditional demand season for the silver ten is nearing its end, the steel market will gradually enter the off-season, and the purchasing rhythm of the spot market is gradually slowing down. Market players are gradually becoming pessimistic about the market outlook. Although the haze weather has led to emergency production restrictions in some parts of the north, the supply pressure of the steel market has gradually increased. The output of finished steel products has not been reduced due to the decline in crude steel production. The market output in the later period will become the main pressure of the steel market. source. Moreover, the frequent volatility of the futures market has also made spot merchants less confident in the later market. On the whole, the steel market will show a steady decline next week.

According to the calculation of the weekly price forecast model data of the Lange Iron and Steel Cloud Business Platform, the domestic steel market price will fall steadily next week (2019.10.28-11.1), the long product market price will fall slightly, the profile market price will decline steadily, the plate market Prices have fallen slightly, and pipe prices will fall steadily. The Lange Steel National Steel Composite Price Index is expected to fluctuate around 13.7 points. The average price of steel is around 3,960 yuan, with an average fluctuation of about 10-50 yuan. Among them, the long product price index is expected to fluctuate around 155.1 points, down 0.7 points; The index is expected to fluctuate around 152.5 points, down 0.5 points; the sheet price index is expected to fluctuate around 131.3 points, down 0.4 points; the pipe price index is expected to fluctuate around 154.6 points, down 0.4 points.


Post time: Oct-27-2019
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