Steel prices are difficult to have a trend of change

Macro data boosted, poor market expectations, the spot price as the black is a futures volatility, business confidence weaker, spot overall performance, market clinchs a deal difficult, bearish mood increase short-term weak hard to change, their impact strength is limited, timber support abate, inhibit most downstream pick, market previously expected, shipment be thwarted a downward, there was no signs of improvement, clinch a deal the spot market under high inventory, steel price trend is difficult to have a change trend, in does not appear significant positive stimulus, price adjustment is narrowed and is expected to individual adjustment of steel prices or steady running tomorrow.

Spot market

Construction steel: the main steady rise

Period screw shocks to pull up, although ten demand season is silver, but follow up less than the downstream demand, businesses more than wait, but the manufacturer's profit into consideration, most are reluctant to cut prices again, about afternoon flexible wait-and-see attitude, merchants stock up more cautiously, inventory will not strong, inventory and only to maintain the normal level, is expected to individual adjustment of building materials prices or tomorrow.

Hot rolled coil: small rise

Raw billet manufacturers weaker in operation, the weak market operation, clinch a deal but poor, low resource increase, businesses profit is low, the market afternoon take the initiative to depreciate space is limited, while prices continued poor, lower market shipments, but the arrival of the goods are less hot roll building materials, the inventory is reduced slightly last week, other varieties of little change, tomorrow is expected to hot roll in market prices or get a run.

Medium thick plate: small rise

Futures again pull up, market mentality, the current inventory data is not big, price stability, temporarily no obvious improvement in actual demand, the downstream demand is given priority to, contributed to the upstream mining will abate, goods in order to avoid risk, prudent operation, try to avoid selling price of losses, as the end of the month approaches, merchants and downstream terminal customer order demand is limited, is expected tomorrow plate or in a higher price adjustment.

Strip: steady up

Period spiral shock, period volume narrow adjustment, the spot market wait-and-see mentality increased, most businesses remain cautious operation, firm will be strong, businesses to consider more before the holiday replenishment market support, the price downward space is limited, more to maintain the stable situation, expected tomorrow steel market price or stable in the rise of the arrangement.

Profile: Stability maintenance

Raw material end more on-demand inventory, factory inventory increased, speculative traders sentiment weak, individual booking situation appears low, steel mills started enthusiasm high, but unable to follow up the downstream demand, some manufacturers inventory pressure on the high side and at the end of all resources, increase more preferential policies for shipment is given priority to, now that's price will obviously cost end, tomorrow profile market is expected to steady individual adjustment.

Pipe: The main steady fall

As the weather turns cool, expected late traders to abate, cargo gradually reduce, increase the capital and inventory pressure inside pipe manufacturer, too much risk are steering tube factory, under the condition of market is not clear, suggest manufacturers is given priority to with shipping, more cautious wait-and-see is preferred, is expected to stability in the pipe market tomorrow or individual a run.

Raw material market

Iron ore: Down

At present, Brazilian iron ore production has increased, foreign ore resources are abundant, spot market prices are weak, steel mills are cautious procurement, maintain low inventory, part of the demand for replenishment of steel mills purchase at reduced prices, the transaction is good, but iron concentrate powder raw materials declined, pellet prices have followed, iron ore is expected to remain stable and weak shock tomorrow.

Scrap: down

Recent financial market lacks the good news, aggressive fiscal and monetary policy factors big probability has been fully digested by the market, real estate regulation policy is not to relax, individual cities tightened control, steel prices rose to a new bullish factors drive, scrap steel inventories relatively high, yield in high, is expected to scrap market price adjustments or continue to weak tomorrow.

Coke: Stability maintenance

Coke to rise and fall, coke started high, active production, good delivery, hardly any inventory;Some steel mills have replenishment plan before the festival next week, the market coke supply is tight, recently more attention to linfen area coke furnace elimination situation and steel mills profit changes, is expected to coke prices or stable operation tomorrow.

Pig iron: Stability maintenance

Continued to run hong kong-listed weak, demand for steel smelting, around the iron works to promote clinch a deal, bargaining space is larger, cast iron, ductile iron, scrap steel, ore weakening recently, coke prices, markets wait-and-see atmosphere is strong, the demand is not prosperous, inventory is not big, but most of the iron works first ironworks pricing will not high, is expected to cast iron the main stabilizing a tomorrow.