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2021-11-22
Steel social inventory has increased sharply, experts say steel prices are expected to rebound in March
- Categories:Industry News
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- Time of issue:2022-04-20 14:46
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(Summary description)In the face of the interweaving of the international macroeconomic situation, the "good start" that the domestic construction steel market is expected to appear every spring has not come true. Two weeks after the Spring Festival, the market is not as good as a week. Under the premise that demand is difficult to release in the short term, the overall demand for steel is unspeakably strong, and the overall performance is not optimistic.
Steel social inventory has increased sharply, experts say steel prices are expected to rebound in March
(Summary description)In the face of the interweaving of the international macroeconomic situation, the "good start" that the domestic construction steel market is expected to appear every spring has not come true. Two weeks after the Spring Festival, the market is not as good as a week. Under the premise that demand is difficult to release in the short term, the overall demand for steel is unspeakably strong, and the overall performance is not optimistic.
- Categories:Industry News
- Author:
- Origin:
- Time of issue:2022-04-20 14:46
- Views:
Information
In the face of the interweaving of the international macroeconomic situation, the "good start" that the domestic construction steel market is expected to appear every spring has not come true. Two weeks after the Spring Festival, the market is not as good as a week. Under the premise that demand is difficult to release in the short term, the overall demand for steel is unspeakably strong, and the overall performance is not optimistic.
"Under the circumstance that the price level is not high and the demand is difficult to recover quickly, it is expected that the domestic steel market price will mainly fluctuate in a few weeks, and it is difficult to see a sharp rise or fall. With the release of domestic demand in March and April, steel It is more likely that the price will rebound." Yesterday (February 9), an industry insider pointed out.
At the same time, a number of steel industry analysts said that the steel market has basically entered the bottom area, and the overall forecast is that the national building materials market will continue to decline slightly in February.
In February, traders in the steel market began to return to the market one after another to start construction. The first few weeks of the market opening after the Spring Festival each year were less affected by demand, and the shipments of steel products were generally low, and this year was no exception. In addition, it is understood that due to the continuous cold weather in the north recently, the downstream construction sites and factories have been affected, and downstream procurement is still relatively inactive. In the interview, several major steel traders in the north reported that the shipments in the past few days were average, and the daily shipments were only 500 to 600 tons.
In terms of social inventory, the data shows that the steel market inventory continues to increase. Especially recently, rebar and wire rod have seen a substantial increase in weekly Masukura, with a week-on-week increase of 11.5% and 21.1%. Taking East China as an example, the inventory of large households in Shanghai has reached 50,000 tons, and the small and medium-sized households are also 3,000-5,000 tons; the inventory of large households in Fuzhou has reached nearly 30,000 tons, and the inventory of large households in Wuxi has reached 20,000 tons. Due to the cloudy and rainy weather last week and the strong festive atmosphere, the market transactions were all in a state of low volume and lightness.
According to experts, after the Spring Festival, the social inventory of the domestic steel market has increased significantly, and among the increase in inventory, long products account for more than half. "February and March this year will be the time when long products are destocked, and the price of rebar may "sink".
In the interview, Xueling, general manager of Shanghai Gangyi Materials Co., Ltd., a terminal steel trader from Shanghai, said: I don’t want steel prices to rebound from February, because the rise without demand is a bubble rise, only real demand. , the rise in steel prices is sustainable.
In addition, many steel traders have generally adopted destocking operations because they are not optimistic about the trend of steel prices and financial constraints, and even the annual "winter storage" of steel has not been carried out. If the market price of steel remains relatively low , which is conducive to steel traders to gradually increase their inventories and avoid the occupation of a larger amount of funds, thereby effectively alleviating the financial pressure of steel traders. (Excerpted from - China Metallurgical Charge Network)
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