After the National Day holiday, the domestic construction steel continued its recovery at the end of September, and the quotations rose as a whole; then, under the pressure of the multi-point spread of the epidemic, black futures fell one after another, and the demand was weak, and the spot price fell again.
On the whole, the domestic construction steel prices this week opened up and down, and the market sentiment is more obvious. Regarding the market trend next week, we need to pay attention to the following factors: First, although economic stabilization measures are continuously introduced, the superimposed effect of the policies is not yet obvious, especially the real estate industry, which shows no signs of quickly coming out of the downturn; second, the epidemic control in many places has increased. , the cross-regional flow of personnel is restricted, and market expectations are still not optimistic; again, production restrictions and losses have suppressed the supply side, the average daily output of crude steel according to the China Iron and Steel Association statistics has dropped slightly, and the weekly output of construction steel has also declined month-on-month. It is expected that the supply will continue to decline slightly in the later period; in addition, the uncertainty on the demand side will increase. With the arrival of the northern heating season, the shipments in different regions will be differentiated, thereby stimulating the flow of resources across regions; finally, the production costs of steel mills are still supported. Among them, iron ore was fine-tuned with shocks, the second round of coke boosting was started, and there was limited room for scrap to continue to fall.
On the whole, the current market is facing the problem of lack of confidence, the demand side is disturbed by the recurrence of the epidemic, and the cost side is supported by manufacturers, so the price trend will still be twists and turns.
The trend of steel prices is unclear
2022 10/18