The domestic steel market prices have shown a stable and strong trend this week. The average prices of the three main varieties of H-beams, hot-rolled coils, and medium thick plates were reported to be 3550 yuan/ton, 3810 yuan/ton, and 3770 yuan/ton, respectively, with a week on week increase of 50 yuan/ton, 30 yuan/ton, and 70 yuan/ton, respectively. The spot market transactions have improved, and steel mills have been able to show partial equilibrium with market terminal demand while reducing production. Although the situation of oversupply has not been significantly improved, market sentiment has gradually recovered, and it is expected that the country will show a volatile and upward trend next week.
In terms of section steel, market prices have remained stable and strengthened this week, with a slight increase in demand from market terminals, which has had a certain boosting effect on market information. Despite slow growth in terminal demand, high levels of inventory in society and steel mills, and sufficient supply, overall transactions have improved, which is also a good boost signal for the market.
The overall price of the medium and thick plate market fluctuated narrowly, and the overall transaction performance was average. This week, the production of steel mills increased by 0.77 tons, indicating a slight increase in production enthusiasm. In terms of resources, this week the social inventory and factory inventory decreased by 62400 tons, resulting in a slight decrease in social inventory. In terms of demand, the consumption of medium and thick plates this week was 1.5399 million tons, a decrease of 82600 tons from last week, and the consumption increased by 6.12% month on month. Overall, it is expected that the domestic medium and heavy plate market will experience narrow fluctuations next week.
The price of hot-rolled coils has risen this week. The average price of 3.0mm hot-rolled coil in 24 major markets nationwide is 3857 yuan/ton, an increase of 62 yuan/ton compared to last week; The average price of 4.75mm hot-rolled coils is 3791 yuan/ton, an increase of 62 yuan/ton from last week. From the inventory data of various regions, the region with the largest decrease is North China, and the region with the largest increase is Northwest. This week, there was a slight decrease in market inventory, and demand has rebounded slightly driven by the market atmosphere. At present, the market is in a rebound channel, and prices may fluctuate and operate strongly in the short term.
In terms of welded pipes, the average price has stopped falling and rebounded this week. There is resistance to price increases in some markets, mainly due to the ongoing pressure of destocking in some markets. Overall, the inventory in the pipe factory has accelerated this week, coupled with the relatively strong prices of raw material strip steel. It is expected that the national welded pipe prices will slightly strengthen next week.
Post time: Apr-16-2024