In the first week of November, relying on the favorable conditions such as the upcoming third Plenary Session of the 18th CPC Central Committee, sufficient funds at the beginning of the month, and few new resources, the prices of billets and construction steel took the lead in rebounding, driving the low price of plates to rise slightly. In the first week of November, relying on the favorable conditions such as the upcoming third Plenary Session of the 18th CPC Central Committee, sufficient funds at the beginning of the month, and few new resources, the prices of billets and construction steel took the lead in rebounding, driving the low price of plates to rise slightly. The price rise of the cold-rolled coil market is basically concentrated in the leading markets such as Shanghai, Tianjin and Lecong. The low-priced cold-rolled coil resources and box and plate resources in individual markets have increased slightly, and the transaction has not changed significantly compared with that before the rebound. The volume and price of the second-line market are still in a weak and stable state, and the overall mentality of merchants is more cautious. Based on the fact that there are still a lot of spot resources in the market in November, although there are terminal purchases to follow up at the same time, the market basically maintains a weak balance. It is cautiously expected that the cold rolled coil Market in November will still fluctuate in a narrow range
the leading market rose slightly, and the second-line market was weak and stable.
after the opening in November, the main tone of the cold rolled coil market remained stable, and the large market players actively shipped. Stimulated by the tight low-cost resources and the rise of steel mills, the leading market price was conducive to reducing the small rebound of plastic bags "flying all over the sky", raising 20 yuan/ton to 30 yuan/ton as a whole, and the rest of the second-line market remained weak and stable
affected by the maintenance of Shougang and Liugang in the early stage, since late October, the delivery of spot resources in the corresponding Tianjin and Lecong markets has been tight on the whole, @a surrounding environment, coupled with the basic fast in and fast out of large households, some specifications of resources are out of stock, and merchants have quickly raised their quotations under the opportunity of the overall rebound of the steel market. Moreover, due to the rapid increase of the ex factory price of Liugang from 50 yuan/ton to 100 yuan/ton, the overall rise of Lecong market is further promoted, and the resource prices of other steel mills are also rising. In contrast, the Shanghai market was more cautious. The resource prices of WISCO and Angang Steel increased slightly by 10 yuan/ton to 20 yuan/ton. After the cold rolled coil price rose to 4300 yuan/ton, the transaction was blocked. The box plate resource price was relatively strong, but the market as a whole turned to wait-and-see again. The inventory level of large households in the surrounding markets such as Wuxi, Hangzhou and Changzhou is high, and they still secretly drop shipments
the cold rolled coil Market in Central China, southwest, northwest and other second tier regions is basically in a weak and stable consolidation state, and the trading volume and price have not improved much. The market expectation is as cautious as ever. As of November 7, the quotation of mainstream coil resources in East China is 4300 yuan/ton ~ 4350 yuan/ton. Wuhan market in Central China has a large inventory, and the price is still the lowest in the country, ranging from 4180 yuan/ton to 4200 yuan/ton, and the price difference with Shanghai market remains about 100 yuan/ton; The price difference with Lecong market is large. The quotation of cold rolled coil produced by Liugang is 4280 yuan/ton ~ 4320 yuan/ton
cold rolled sheet stock increased, and the ex factory price remained stable
in October, the overhaul and production reduction of hot-rolled coil and construction steel production enterprises had a slight effect, while the orders organized by steel mills producing cold-rolled products were acceptable, and the monthly output was expected to remain high
it is understood that the maintenance of cold rolling steel mills is not much in November, and the maintenance of some hot rolling mills may indirectly affect the investment of cold rolling resources, but the overall output release continues to expand. Among them, WISCO, Angang and Lianyuan Steel increased the proportion of spot delivery, mainly concentrated in central and eastern China. Baosteel is about to issue the ex factory price in December, and it is expected that the main tone will remain stable, and the rest of the second-line steel mills may have preferential and retroactive adjustments. In short, steel mills and the market will remain cautious
the terminal performance of continuous digestion of inventory has been mildly warming
since the beginning of this year, the social inventory of cold rolled coil has been in a slow digestion state, with the total volume maintained at about 1.6 million tons, which is basically in a downward state compared with the same period last year. Although the price of Yinshi steel ended with a fall this year, the major cold-rolled coil manufacturers mainly operate in the mode of fast in and fast out, so the national cold-rolled coil inventory has been digested normally, and the inventory backlog is not obvious. As of the beginning of November, the total social inventory of cold rolled coil was 1.674 million tons, a decrease of 32000 tons or 2.06% compared with the end of October; Compared with the same period last year, it decreased by 10000 tons, or 0.63%
in terms of terminals, procurement is gradually released slowly, gradually supporting the cold rolling market. In September, the production and sales volume of the automobile and home appliance industries basically maintained double-digit growth. Considering that the fourth quarter is the final stage of the production sprint when the gap is relatively large, it is expected that the production and sales will continue to remain high from October to December, the release of terminal demand is expected to continue, and the price of cold rolled coil may rise moderately
on the whole, this week's small start will set the tone for the slight rise in steel prices in November. In the later stage, with the increase of market resources, the steel market as a whole may have downward pressure. However, the market price of cold rolled coil is not expected to rise or fall strongly, and the market performance is moderate. Supported by the flat market support of steel mills and the slow release of demand, the negative impact of the increase in spot delivery may weaken, and it is expected that the cold rolled coil Market as a whole will maintain a narrow volatility trend
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