The steel market is green, and the steel price may be adjusted within a narrow range next week
Date: 2022-06-17
The steel market is green, and the steel price may be adjusted within a narrow range next week
This week, the mainstream price of the spot market fluctuated and strengthened. At this stage, the overall performance of raw materials is acceptable. In addition, the futures market is slightly stronger. The market considers cost factors, so the spot price is generally adjusted upwards. However, near the end of the year, the market demand weakened, and due to the decline in the transaction volume of individual varieties, there was also a phenomenon of loose shipments.
On the whole, the domestic steel market price fluctuated strongly this week. At present, the ex-factory prices of most varieties of steel mills are higher than the current market expectations, so merchants are relatively cautious in replenishing warehouses. In addition, most of the terminals will enter a state of official shutdown by next week, so the spot transaction will further decline. At the same time, at this stage, there are small-scale epidemic factors in various markets, which have a certain impact on transactions and transportation. In addition, the freight price at the end of the year will increase, so the decline in market demand may increase. However, considering the weakening of seasonal demand at this stage, merchants also have certain expectations for this, so it is expected that the domestic steel market price may remain stable next week.
Post time: Jan-17-2022
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