Domestic Steel Prices Rise, Imports Of Iron Ore Inventories Rise

- Nov 14, 2017-

Affected by the steel futures market, the domestic spot steel prices have risen in general, but the acceptance of end users is not too high. The iron ore market is generally stable, and the import ore stocks are rising.

According to the latest market report provided by the domestic steel information agency "my steel", in the last week, the domestic spot steel price composite index closed at 152 points, up 1.09% in the week. From the trend of the specific track, the beginning of the week by steel prices and steel futures market strong influence, spot steel prices upward, stimulate transaction volume. But by the end of the week, the market began to contract, the terminal buyer's acceptance of steel prices is not too high, steel prices to consolidate the main. At present, due to the pressure of the stock market is not obvious, and the supply of resources at the end of the contraction, the support force of the steel market still exists.

According to the analysis, in the construction steel market, prices rose sharply. Shanghai, Hangzhou, Hefei and other places ton price rose 10 yuan to 190 yuan; only Shenyang, Harbin and other individual cities prices fell slightly. From Shanghai and other places, we can see that the steel price just started up, the market transactions can match, but the price rose to a certain extent, the transaction performance became general. At present, because the market inventory level is not too high, the confidence of the business can still be supported.

In the plate market, prices rose overall. Hot rolled coil prices rose slightly, Shanghai, Guangzhou and Beijing, Tianjin and other places ton price rose 10 yuan to 90 yuan a week. The market is characterized by low activity and high shrinkage. The price fluctuation of medium and heavy plate was stronger, and the price of Fuzhou, Wuhan and Chengdu increased by 10 yuan to 50 yuan a week; only a few cities such as Lanzhou and Urumqi prices fell slightly. The north into the heating limited production season, related steel production capacity release is limited, some terminal steel industry also because of limited production and reduce the demand for steel, steel trade business purchase more cautious.

The iron ore market is basically stable. The latest report, in the domestic ore market, Hebei iron ore prices remain stable, the general situation of the transaction. Import prices rose first and then fell to 9, the 62% grade iron ore index was 62.5 U.S. dollars per ton, up 2.45 U.S. dollars a week. At present, the overall supply of imported ore is still large, the port iron ore stocks continue to rise.

Relevant institutions analysts believe that the current steel market and there is no obvious demand for a substantial volume of space, but the steel industry chain inventory level is relatively low, especially in East China, a market shortage in the supply of resources on the part of the specification, the spot steel prices in some support. Spot steel prices will continue to show a strong trend in the near future.