Steel prices rose 0.52% this week

Myspic composite index this week was 175.0 points, up 0.52% from the previous week. Domestic steel spot market rose slightly this week. On Monday, the domestic steel market experienced a relatively significant increase in transactions, which injected a strong boost to the market that continued to be sluggish. In addition, driven by the gradual stabilization of the international situation, domestic steel forward prices continued to operate at a high level this week, showing investors' optimism about late-stage market judgments, which also contributed to the short-term bullish attitude of spot market players. As a result, market quotations continued. Up. However, at the end of the period, with the high prices, the demand side once again fell into a wait-and-see attitude, and the transaction fell. However, fortunately, there are fewer available resources in the spot market, and the willingness of merchants to ship has weakened compared with the previous period. Coupled with the long-term price upside down, the market will continue to fall, but the market price is generally stable.

The flat product index was 151.3 points this week, up 0.46% from last week. The hot-rolled index and the cold-rolled index rose relatively large, reaching 0.65% and 0.32% respectively. The hot-rolling market continued to rise slightly this week, with the Changsha market and the Tianjin market increasing relatively. This week, the Changsha market has stabilised and rose. In the early days of this week, local businesses thought that the current market was still in the traditional low season for consumption. The demand was not optimistic. The trading volume was always below the normal level, and the power for price increase was insufficient. Therefore, active shipments were still taken. , Digestive stocks dominated. However, in the later period, the high price of forward prices has improved business confidence, and the continuous increase in the surrounding markets has also given rise to a certain upward momentum in the local market. As a result, market quotations appeared to recover faster, but local market transactions did not pick up. Therefore, the business still has a cautious attitude towards the late market. This week, the hot-rolling market in Tianjin rose first and then stabilized. The long-term high opening and the steady price adjustment of steel mills gave market makers confidence to increase. In addition, this week, the Tianjin hot-rolling market has a better trading environment, with relatively intermediate demand performance. Actively played a strong role in promoting market prices, so the market price rose. However, in the later period, due to higher prices in the local market, the wait-and-see mentality reappeared, and the market transactions declined. This phenomenon has inhibited the market and prices have gradually stabilized. Cold rolled 1.0mm in Changsha market and Tianjin market this week rose by 60 yuan/ton and 50 yuan/ton respectively.

In the cold rolling market, the Hangzhou market and the Wuhan market rose significantly this week. This week, the cold rolling market in Hangzhou was driven by the rise in forward prices and raw material prices. Market performance improved as a whole. Price increases and market transactions also showed some improvement. Some businesses with less resources even reluctantly sold. Quotes are subject to this. Drive up obviously. At present, the low-cost resources in the Hangzhou cold-rolled market are significantly lower, and the market inventory is also at a relatively low level. The market has a limited downside, and businesses are generally optimistic about the short-term market. This week, the Wuhan cold-rolling market performed strongly. With the gradual reduction in the low-cost resources for cold rolled coils in the local market, the pattern of “nothing to let” has been presented. Therefore, under the support of relevant positive factors, the local cold rolling The price of coils continued to rise. In addition, domestic leading steel mills such as Baosteel and Wuhan Iron & Steel raised their ex-factory prices of cold-rolled resources one after another, giving strong support to the spot market, and quotations continued to increase. At present, the local market has a good mentality and is generally bullish for the short-term market. It is expected that there will still be room for growth in the short-term. This week, the 1.0mm cold rolled market in Wuhan market and Wuhan market rose by 60 yuan/ton and 50 yuan/ton respectively.

The long products index was 199.6 points this week, up 0.66% from last week. This week, domestic steel prices have risen first and then fell. Driven by this, the long domestic spot market has also shown a pattern of first-increase and stabilization. Among them, the Xi'an market and Lanzhou market have the most significant increase. In the long products market in Xi'an, due to the continuous rains in the local market last week, with the rainy weather in the past, there was a concentrated release of market demand, which gave the market strong support and the offer price also rose significantly. However, with the increase in prices, market shipments began to slowly decline, but due to the sustained high price support, business prices are still steady increase. In the later period, as the price of ** weakened, the market's rise was difficult to sustain and the quotations held steady. Lanzhou long products market first rose and stabilized this week. In the early part of this week, Lanzhou long products market was stimulated by rising prices of local steel mills. At the same time, there was a tentative uptick in Lanzhou long products market. optimism. Judging from the market conditions, the shortage of local longs resources is more serious, and some merchants have obviously controlled the speed of shipments, which also makes the market prices appear relatively fast upward. At the end of this week, the market's saleable resources further decreased. Some merchants no longer quoted prices, and terminal demand also waited and observed. Therefore, the market price began to stabilize. This week, Xi'an market and Lanzhou market HRB335 20mm thread increased by 80 yuan/ton from last week.