Casting manufacturers talk about the first week of the New Year in 2019: The decline of domestic ste

Casting manufacturers talk about the first week of the New Year in 2019: The decline of domestic steel prices narrowed

With the performance of the relevant futures market, as soon as the market opened in the New Year of 2019, the decline of the domestic spot steel market narrowed, and the transaction improved at a relatively low price.

In the trading week after New Year's Day in 2019, which was actually only 3 days of trading, the domestic spot steel price composite index closed at 140.24 points, down 0.88% from the previous trading week. Specifically, the related futures market first suppressed and then lifted, and by the end of the weekend, rebar futures rose significantly compared with the holiday. Although the spot steel market as a whole still shows a weak trend of shock, the decline began to slow down, and low turnover improved.

According to the analysis, in the construction steel market, the price fell slightly. The average price of mainstream specification rebar varieties in the main market of the country is 3930 yuan per ton, down 47 yuan in a week. According to the newly released inventory data, in the case of a slight decline in rebar production, affected by weakening demand, social inventory and steel mill inventory have shown a cumulative increase.

In the plate market, the price is generally weak. The price of hot-rolled coil fell slightly, and the average market price of mainstream hot-rolled products in major markets across the country was 3734 yuan per ton, down 33 yuan in a week. The price of medium and thick plate fell slightly, and the average price of the mainstream specification general medium board in the main market in the country was 3836 yuan per ton, down 11 yuan in a week. At present, market confidence is weak, business operations are mainly active shipments, and the willingness to store winter is low.

According to the analysis of relevant institutions, the supply and demand fundamentals of the spot steel market are still in a weak state. As the end of the year approaches, the terminal demand will further contract, and the market price will remain volatile and weak in the short term.