The domestic construction steel market price rose first and then fell. Wang Jinsheng, vice president of the Tianjin Metal Materials Industry Chamber of Commerce (Association), said that with the continued fermentation of the spirit of the Third Plenary Session of the 18th CPC Central Committee, the market's mentality has changed subtly, and confidence has increased from the previous period. On the one hand, the stock market, steel futures, and electronic trading tend to rise. The spot market has a clear mentality. On the other hand, the state has intensified efforts to rectify environmental protection and the market circulation resources are decreasing. However, the transaction turned from strong to weak, indicating that the market demand is insufficient. As the weather further turns cold, downstream demand enters the off-season. With year-end funds tightening at the end of the year, the construction steel market may become weaker.
Market monitoring showed that as of November 29, the average price of ф25mm Grade III rebar in the 10 major cities in China was RMB 3,537/ton, which was RMB 5/ton higher than the same period of the previous week and RMB 33/ton higher than the same period of last month. Last week, the market price in Hangzhou rose by 40 yuan/ton over the same period in the previous week, Shanghai, Guangzhou rose by 20 yuan/ton, Xi’an dropped by 30 yuan/ton, and prices in other cities remained stable. The average price of the 6.5mm HPB300 high line in the 10 major cities in China was 3,524 yuan/ton, up 3 yuan/ton from the same period in the previous week, and up 25 yuan/ton from the same period of last month. Last week, market prices in Zhengzhou and Tianjin increased by RMB 40/tonne and RMB 20/ton respectively, Shanghai rose by RMB 10/ton, Beijing and Xi’an fell by RMB 30/ton and RMB 10/ton, respectively, while prices in other cities remained stable.
Wang Jinsheng believes that the factors that affect the trend of the domestic construction steel market in the later period mainly include the following points: First, the recent market regulation and control camp is growing. After the Third Plenary Session of the 18th CPC Central Committee, Wuhan, Nanchang, Xiamen, Nanjing, Changsha, Shenyang, and Hangzhou have successively “adjusted†the regulation. The increase in market regulation will exert a direct impact on the construction steel market. Second, the implementation of environmental protection policies. The recent environmental protection policies with louder voices are gradually being implemented, which will form a positive effect on the construction steel market. Third, funding issues still plague the steel industry. At the end of the year, the upstream and downstream companies in the steel industry chain are in the intensive period, and the capital pressure of the business is still relatively large, which will have an impact on the spot market of construction steel products. Fourth, construction steel stocks have declined. Market monitoring showed that as of November 29, the nation's wire rod social inventory was 1,050,400 tons, down 0.95% from the same period the previous week; rebar social stocks were 4,504,700 tons, down 0.9% from the same period the previous week; The amount was 316,800 tons, a decrease of 4.54% from the same period in the previous week. Fifth, the steel mills adjusted their prices. The country’s leading steel mills have announced their December factory prices. Shagang and Hebei Iron and Steel Group continue to wait and see. The flat is still the main theme of the current market. However, according to market feedback, the current round of price adjustments by the dominant steel mills is a drop in Ming Ping, which may cause the spot market price to decline.
Market monitoring showed that as of November 29, the average price of ф25mm Grade III rebar in the 10 major cities in China was RMB 3,537/ton, which was RMB 5/ton higher than the same period of the previous week and RMB 33/ton higher than the same period of last month. Last week, the market price in Hangzhou rose by 40 yuan/ton over the same period in the previous week, Shanghai, Guangzhou rose by 20 yuan/ton, Xi’an dropped by 30 yuan/ton, and prices in other cities remained stable. The average price of the 6.5mm HPB300 high line in the 10 major cities in China was 3,524 yuan/ton, up 3 yuan/ton from the same period in the previous week, and up 25 yuan/ton from the same period of last month. Last week, market prices in Zhengzhou and Tianjin increased by RMB 40/tonne and RMB 20/ton respectively, Shanghai rose by RMB 10/ton, Beijing and Xi’an fell by RMB 30/ton and RMB 10/ton, respectively, while prices in other cities remained stable.
Wang Jinsheng believes that the factors that affect the trend of the domestic construction steel market in the later period mainly include the following points: First, the recent market regulation and control camp is growing. After the Third Plenary Session of the 18th CPC Central Committee, Wuhan, Nanchang, Xiamen, Nanjing, Changsha, Shenyang, and Hangzhou have successively “adjusted†the regulation. The increase in market regulation will exert a direct impact on the construction steel market. Second, the implementation of environmental protection policies. The recent environmental protection policies with louder voices are gradually being implemented, which will form a positive effect on the construction steel market. Third, funding issues still plague the steel industry. At the end of the year, the upstream and downstream companies in the steel industry chain are in the intensive period, and the capital pressure of the business is still relatively large, which will have an impact on the spot market of construction steel products. Fourth, construction steel stocks have declined. Market monitoring showed that as of November 29, the nation's wire rod social inventory was 1,050,400 tons, down 0.95% from the same period the previous week; rebar social stocks were 4,504,700 tons, down 0.9% from the same period the previous week; The amount was 316,800 tons, a decrease of 4.54% from the same period in the previous week. Fifth, the steel mills adjusted their prices. The country’s leading steel mills have announced their December factory prices. Shagang and Hebei Iron and Steel Group continue to wait and see. The flat is still the main theme of the current market. However, according to market feedback, the current round of price adjustments by the dominant steel mills is a drop in Ming Ping, which may cause the spot market price to decline.
Iron Fence Gate,Wrought Iron Gates,Iron Gate,Forged Iron Gates
Ming Yi iron arts company , https://www.mingyi-ironware.com