Dominant market:
Beijing market: This week, the price of Beijing construction steel market was weakly adjusted, among which the second-grade rebar was relatively firm and the third-grade rebar was significantly reduced in price. This week's adjustment starts with snails. Because the previous quotation was relatively high, the recent market shipment was not smooth, prompting businesses to gradually make small concessions to stimulate shipment. Under the influence of Shougang's suspension of production, the shortage of rebar resources has intensified, and there are not many resources available for sale in the hands of merchants, supporting the market price to be relatively firm.
At present, the market shipment situation is maintained at a general level, and with the gradual decline of temperature, the release of terminal demand slows down obviously. However, the operation methods of large households in the market are different. Near the end of the year, some businesses with tight funds and more supplies began to ship at low prices; The prices of businesses with relatively abundant funds and small inventory are mostly stable. At present, it is the mainstream to maintain the resources in the hands of large market players below 20,000 tons, while small and medium-sized households in the market also show signs of opening positions in winter. In terms of macro-policies, monetary and credit policies will be tightened, and real estate will continue to strengthen regulation. Most businesses expect a good trend next year, but the volatility of the futures market before the end of the year has also affected the market mentality. In particular, some businesses that are willing to hoard goods are more willing to moderately depress prices in view of the upcoming Spring Festival. Faced with tight inventory and high cost of most resources, the space for merchants to quote again is relatively limited, and the market will stabilize before the holiday. It is expected that the market will rise slightly after the holiday. Inventory: This week, there were not many steel mills' arrival resources, the market turnover decreased, and the overall market inventory increased slightly compared with last week. As of February 30th, 65438, the total inventory of Beijing construction steel market was 495500 tons, an increase of 9700 tons compared with February 23rd, 65438. Among them, the inventory of rebar was 366,400 tons, an increase of 0.69 million tons; Wire stock is 70,600 tons, a decrease of 0./kloc-0. 9 million tons; The inventory of snails is 58,500 tons, an increase of 0.47 million tons over last week.
According to the market monitoring of Lange Steel Information Research Center, as of June 65438+February 3 1, the guide price for batch transaction of Beijing Spiral Salon: φ 8- 10 mm high-speed wire was 4,570 yuan, down by 30 yuan compared with the same period last week; The φ 12mm rebar produced by Shougang and Tangshan Iron and Steel Co., Ltd. was 4,730 yuan, down 10 yuan from the same period last week; 25mm rebar was 4,520 yuan, down by 20 yuan compared with the same period of last week; Φ12mm grade 3 rebar was 4,880 yuan, down by 70 yuan compared with the same period last week; 25mm grade III rebar was 4,700 yuan, down by 50 yuan compared with the same period last week.
Shanghai market: The market price of Shanghai construction steel fell slightly this week. Last weekend, the People's Bank of China decided to raise the benchmark interest rate of RMB deposits and loans of financial institutions from 20 10. The benchmark interest rates for one-year deposits and loans of financial institutions were raised by 0.25 percentage points respectively. The central bank raised interest rates in advance during the year, which caught the market off guard. The stock market and futures plummeted, the bearish mentality of merchants increased, and the spot price of construction steel was frustrated. Considering the year-end and year-end, the pressure on ordering funds is increasing, and the willingness of merchants to ship is relatively prominent, but the transaction downturn is very obvious. Faced with the pressure of high cost, the "winter storage" mentality of merchants is not very stable, and the wait-and-see atmosphere is relatively strong. Fortunately, at present, the financial situation of some large households in the market is not very tight, and it is unlikely to cash out substantially. Later, with the favorable fundamental environment after the interest rate hike, the stock market and futures market rose slightly, and the spot price of construction steel steadily consolidated. However, there are differences in business operations, some large-scale quotations are firm, and the situation of small and medium-sized retail investors still exists. Considering the high cost in the later period, it is expected that there will be little room for price reduction in Shanghai's construction steel market after New Year's Day, and the whole market will fluctuate and adjust.
According to the market monitoring of Lange Steel Information Research Center, as of June 65438+February 3 1, the price of 6.5mm high-speed wire rod produced by Pinggang was 4720 yuan (ton price, the same below), which was basically the same as last week. The prices of second-grade and third-grade large rebar produced by first-line steel mills were 4,600 yuan and 4,690 yuan respectively, both down 10 yuan compared with the same period last week.
Guangzhou market: This week, the construction steel market in Guangzhou is dominated by the market of shock adjustment. It is understood that the transaction in Guangzhou construction steel market was slightly weak at the beginning of this week, and the billet price in Tangshan area fell sharply last weekend, which led to a poor mentality of market merchants and a slight decline in construction steel prices; In addition, as the end of the year approaches, businesses have the demand to withdraw funds, and some businesses have hidden behaviors in actual transactions, but most businesses are still waiting to see. For next week's market, most businesses think that there is limited room for further decline, but due to the light transaction, the upward momentum is insufficient. It is understood that the space for falling back is limited, mainly due to high cost support; The transaction was light, but there were many reasons. At present, the ordering cost is high, and merchants are cautious in covering positions. Because near the end of the year, some construction sites stopped working one after another, and terminal transactions gradually shrank. At the same time, due to the price increase, the terminal demanders have also reduced the stocking at the end of the year compared with previous years, and the market demand will gradually shrink in the later period. It is also known that this week, the Beitai high-speed line will arrive one after another, and the situation of tight wire resources in the early market will be improved; The shipments of local steel mills such as Shaogang and Guangzhou Iron and Steel Co., Ltd. are not ideal, and the inventory in the factory has increased. So generally speaking, the inventory of Guangzhou construction steel market has increased compared with the previous period; However, although there are many negative factors in the market, the production cost of steel mills is high because of the continuous high operation of ore and coke; To sum up, it is expected that the construction steel market in Guangzhou will be dominated by shock consolidation next week.
According to the market monitoring of Lange Iron and Steel Information Research Center, as of June 65438+February 3 1, the market price of 6.5mm high-speed wire rod produced by Shaogang was 4,880 yuan (ton price, the same below), down from the same period last week 10 yuan. The market price of 25mm grade II rebar produced by Guangzhou Iron and Steel Co., Ltd. is 4830 yuan, down by 50 yuan compared with the same period last week. The price of φ 16-25mm secondary rebar produced by Pinggang is 4830 yuan, down by 50 yuan compared with the same period last week. The market price of 25mm grade III rebar produced by Shaogang is 5 100 yuan, which is higher by 30 yuan than the same period last week.
This week, the domestic construction steel market price fluctuated downward. Judging from the current market operation, the market price has recently entered a relatively high level, and the continued rise of the transaction price will be subject to certain resistance. However, with the continuous rise of iron ore and coking coal prices this week, it will not only support the steel price, but also have a certain impact on the cost of steel mills. Considering the increase of capital cost after raising interest rates and the high price of steel at present, there is still no large-scale winter storage in the market. In addition, the increase of crude steel output in mid-kloc-0/February and the increase of market supply in the later period will restrain the rising space of steel prices. In the case of obvious cost support, the market has strong expectations for the rise of steel prices next year, and it is not excluded that there may be heavy demand before the holiday. This week is the last week of 20 10, and it is unlikely that there will be big fluctuations in the market. It is expected that there will be little possibility of big fluctuations in the steel market next week, and it will show a trend of shock consolidation.