Steel Market Long And Short Interweaving Price Range Shock

Affected by the low opening of yesterday's screw night, the domestic steel market is weak. The mainstream of finished products is 10-20 yuan/ton, and the billet is 20 yuan/ton to 3330 yuan/ton. Only some manufacturers have sold well. Poor, raw material imports of mines, scrap prices fell, other multi-dimensional stable operation. The snail turned red in the afternoon, and finally closed at 6 points, but it did not form a significant driving effect on the spot market, and the transaction remained weak.
At present, the steel spot market is wide and short, and the steel price fluctuates within a narrow range, mainly reflected in the following aspects: 1. As the weather turns colder, demand will shift from the peak season to the off-season, and the support for steel prices is limited; 2. More land this week The environmental protection and production restriction policy was issued, and the production line and blast furnace shutdown and maintenance were greatly increased. After entering November, facing the heating season, the environmental protection policy is becoming more and more stringent, and the supply is further reduced. 3. Recently, the prices of raw materials such as coking coal, coke, iron ore and scrap have declined, resulting in the current steel cost line. Moving down, cost support is weak.
On the whole, there is no obvious contradiction in the current supply and demand fundamentals of the steel market. In the latter stage, the main concern is the inventory of steel enterprises and the changes in production. It is expected that the decline in finished goods inventory will continue to narrow in the short term, and the production restriction policy will be flexible and changeable. Under the premise that the impact on steel supply is still unclear, steel prices may continue to maintain a range of fluctuations.