Domestic Steel Price Consolidation, Raw Materials Continue To Rise

Hot rolled, rebar and wire rod slightly increased in the common carbon variety, while the cold rolling and medium plate slightly decreased. The fluctuation range was less than 70 yuan / ton, showing a clear consolidation trend.

The proportion of drop rolled steel and hot coil is 37% and 14% respectively, and the bullish ratio is 9% and 15% respectively.

This week

Market trend differentiation, U.S. board continued to decline 40 U.S. dollars / ton, or about 5.5%, Korea plate, rebar price rebounded 29~45 U.S. dollars / ton, or 5%~7%.

LME billet futures price closed at 335 U.S. dollars / ton, a slight increase of 3.1%.

In the past 3 months, the futures variety has been oscillating between us $300~400 / ton.

Tangshan mines and India mines rose by 5% and 9.5% respectively, and the sea freight increased by more than 6%.

Compared with the highest price in the same year, ore still fell by about 50% and sea freight fell by about 90%.

The prices of coke, scrap and pig iron remained stable, and nickel prices fell by 7%, basically reflecting last week's gains.

Port iron ore inventories continued to decline, a decrease of 5% from last week, a decrease of about 17% from the highest point, but still above the historical average of 40 million tons.

Stocks rose 4.3% from last week, weaker than the Shanghai and Shenzhen 300 index of 0.4%.

International steel stocks are generally performing, while 7 of the 10 international steel stocks tracked are rising, but only 4 stronger than those in the relative market.

Editor: vivi