This week, the trend of the domestic construction steel market was similar to last week: at the beginning of the week, the black futures collectively increased, the steel mills raised their ex-factory prices, and the market quotations rose sharply; in the subsequent period, the snails rose and fell, and the high temperature suppressed the release of demand, and the price fluctuated. Adjustment - The overall trend is completely consistent with our prediction of last week, "replay the game, shock upwards".
It can be seen that the current market sentiment is generally positive, but the characteristics of demand in the off-season are still obvious, so the rebound in steel prices has been twists and turns. The market still has certain expectations for the market trend next week, mainly in the following aspects: on the macro level, the "steady growth" measures have been gradually implemented, and the pessimism of manufacturers has been significantly restored; on the supply side, although steel companies have resumed production recently. , but the release of production capacity is still suppressed, especially electric furnace steel, which will face staged production reduction; on the demand side, affected by the extreme high temperature weather, the terminal purchase volume has not increased this week, but the merchants have good expectations for the market outlook; On the cost side, the first round of coke increases came to fruition, and the price of scrap steel rose sharply. After the cost focus moved up, steel mills were more willing to support prices.
On the whole, the current inventory continues to deplete, the price of raw materials has collectively rebounded, and the demand is expected to come out of the downturn. Based on this, we have a positive evaluation of the market conditions next week - red warning: demand follows up, fluctuations rise
