Mysteel Daily: Shanxi construction steel prices remain stable and market transactions are average
Prices are stable but transactions are light, and merchants are not willing to restock.
On the 15th, Tangshan Qian'an Songtingpu billet resources were reduced by 10 yuan, and the ex-factory price was 3,090 yuan including tax. The futures market showed a volatile downward trend. Under this influence, most steel mills in Shanxi Province chose to keep prices temporarily stable, and market quotations fluctuated slightly with the market, but the overall change was not significant. Judging from the transaction status throughout the day, today's prices were basically flat, and the market transaction performance was relatively average. The ex-factory transaction price of Shanxi rebar remained at 3,250 to 3,370 yuan/ton, and the ex-factory transaction price of pan snails was at 3,380 to 3,530 yuan/ton. The mentality of merchants is generally cautious, and many people choose to wait and see, waiting for lower prices before making a move.
Rebar prices in various markets are temporarily stable across the board
Today, in Shanxi Province, the prices of construction steel in major cities have maintained a stable trend. The rebar price in the Taiyuan City market is 3,530 yuan per ton. This price remains the same as yesterday. The rebar price in the Linfen City market is 34. 00 yuan per ton, there is also no fluctuation. The rebar price in the Yuncheng market is 3,410 yuan per ton, which has remained unchanged. The rebar price in the Datong market is 3,480 yuan per ton, which is as stable as a rock. Although the prices in various cities are not the same, they have not increased or decreased. This reflects that the market is currently in a relatively balanced state, and both buyers and sellers are waiting for clearer signals.
The shortage problem is still prominent but merchants have insufficient motivation to replenish their stocks.
One notable feature of the current market is that the phenomenon of lack of specifications and defects is still relatively serious. In particular, some commonly used specifications of rebar and spiral screws are even out of stock in some areas. However, although the problem of out-of-stock exists, merchants are not very willing to restock. Most people just wait and see and do not actively increase inventory. The reason is that everyone has different judgments on the market outlook, and they are afraid that prices will continue to fall after replenishment, which will lead to losses. Therefore, although there are fewer goods in the market, transactions have not been driven by this, and the overall trading atmosphere is cold.
Regional price differences are stable and the driving force for resource outflow is general
In terms of regional price differences, construction steel prices in surrounding markets were generally flat today, and the price differences between Taiyuan and surrounding cities remained unchanged. Specifically, Taiyuan's rebar is 60 yuan per ton higher than Xi'an, 130 yuan per ton higher than Zhengzhou, 90 yuan per ton higher than Chengdu, and 180 yuan per ton higher than Beijing. In terms of pansnails, Mysteel Daily: Shanxi construction steel prices remain stable and market transactions are average. The price difference between Taiyuan and Xi'an is 20 yuan per ton, the price difference with Zhengzhou is 10 yuan per ton, the price difference with Chengdu is 110 yuan per ton, and the price difference with Beijing is 90 yuan per ton. Such a price difference level is not very attractive for the export of resources, and steel mills in the province lack the motivation to transfer goods outside the province.
Futures shocks coupled with costs support short-term prices and it is difficult to fall sharply
On that day, the futures market fluctuated, but the spot market showed a stable but weak trend, and there were many low-price resources in the actual transactions. Merchants have a need to stock up, but they are generally cautious and are waiting for the price to drop to a lower point before taking action. In recent times, the comprehensive unit price per ton of steel structure riveting and welding has been greatly fluctuated in the international market. Factors such as rising sea freight and contraction of the supply side have caused steel production costs to provide certain support for prices. Taken together, it is unlikely that steel prices will fall significantly in the short term. However, there is no obvious driving force for the rise, and the market is likely to continue to fluctuate within a narrow range.
It is comprehensively predicted that tomorrow’s market may be mainly stable.
According to the current mentality of both supply and demand in the market, combined with the situation on the cost side, it is estimated that the spot price of construction steel in Shanxi Province will most likely continue to stabilize tomorrow. First, the shortage situation has certain support for prices; second, merchants have a strong wait-and-see attitude, making it difficult to significantly increase transaction volume. In the absence of major good news stimulation, it is really difficult for the market to break the current stalemate in terms of the comprehensive unit price per ton of steel structure riveting and welding . However, if there is a significant rebound in the futures market, it may lead some merchants to replenish their stocks, causing prices to rise slightly. It is recommended to pay attention to the trends in night trading and tomorrow's morning trading.
Now that we are out of stock, do you think we should take the right time to replenish the inventory of steel structure riveting and welding with a comprehensive unit price per ton , or should we continue to wait and see and wait for a lower price? You are welcome to leave your comments in the comment area to discuss, like and share so that more peers can see it!
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