As the performance of the relevant futures market is improving, the domestic spot steel market has narrowed in 2019, and the transaction has improved at a relatively low price.
According to the latest market report provided by domestic steel information agencies, the first trading week after New Year's Day in 2019, the actual domestic steel price index closed at 140.24 points, down 0.88% from the previous trading week. . Specifically, the relevant futures market was first suppressed and then raised. By the end of the week, rebar futures rose significantly compared with the pre-holiday. Although the overall spot steel market still showed a weakening trend, the decline began to slow down and the low turnover improved.
According to analysis, in the construction steel market, prices fell slightly. The average price of mainstream rebar varieties in the main markets of the country is 3,930 yuan per ton, down 47 yuan per week. From the latest published inventory data, in the case of a small decline in rebar production, both the social inventory and the steel mill inventory showed a cumulative increase due to the weakening demand.
In the board market, steel prices are generally weak. The price of hot-rolled coils fell slightly. The average market price of hot-rolled products in mainstream markets in the country was 3,734 yuan per ton, down 33 yuan per week. The price of plate was slightly down. The average price of the mainstream specifications of the main market in the country was 3,836 yuan per ton, down by 11 yuan per week. At present, market confidence is weak, business operations are mostly based on active shipments, and winter storage will be low.
According to the analysis of relevant institutions, the supply and demand fundamentals of the spot steel market are still in a weak state. As the year approaches, terminal demand will further shrink, and in the short term, market prices will remain dominated by shocks and weak operations.
