As the terminal demand is weak, the transaction is relatively sluggish, the domestic spot steel prices slightly down, of which the decline in construction steel is relatively large. Imported iron ore port stocks continued to rise, reaching a new high.
According to the latest market report provided by "My Steel", a domestic steel information agency, in the recent week, the domestic spot steel composite index closed at 163.99 points, down 1.48%. Although the price of steel is down, the continuous follow-up of terminal demand is a bit weak. In addition, although the steel inventory level in the market as a whole is still at a low level, it has risen from declining level to the end of the year. These factors superimposed, making the steel market in a narrow range of shocks.
According to the analysis, in the construction steel market, the price dropped first and then stabilized, but the overall downward. The mainstream of the country's mainstream rebar average price of 4692 yuan per ton, down 130 yuan a week. Insiders said that the spot steel market overall first fell after the steady, but the variety of the emergence of differentiation, the decline in construction steel is relatively large.
In the plate market, the overall price also fell. Among them, the hot rolled coil price shocks stronger, the main market mainstream specifications of the hot-rolled products market average price of 4416 yuan per ton, a slight increase of 9 yuan a week. Plate prices are weak shocks, the mainstream of the country's major market, the average price of medium plate average 4351 yuan per ton, down 8 yuan a week. In the steel market downturn in the case of consecutive days, just billet futures billet prices have dropped sharply, spot steel prices loose, but the terminal demand is still weak, the business mentality bias pessimistic, mainly to active shipping. Although the low turnover improved, the overall performance was mediocre.
Iron ore market in a turbulent pattern. According to the latest report, in the domestic ore market, Hebei iron concentrate prices basically stable. Domestic mining enterprises to maintain low utilization rate, the overall market resources are still tight, the basic no low-cost shipments. The price of imported ore first and then dropped, as of December 21, 62% grade iron ore index was 72.55 US dollars per ton, up 1.1 US dollars a week. Recent port iron ore continued to climb, the current inventory has reached 145 million tons, exceeding the high point in late June this year, another record high. Due to the high profits of steel mills, steel mills tend to purchase high-grade iron mines. At present, high-grade resources in port inventories are still slightly deficient, which has given some support to the trend of the overall ore prices.
According to the analysis of the relevant agencies, the domestic steel price dropped back to the price level of the end of November this year after the adjustment of about three weeks in a row and the market risk is gradually being released. In the overall stock at a low level and other factors with the support of the steel market will continue to lower the price of less willing to short-term market or to stabilize the main.
