All Categories

Home>News>Technical News

After the sharp rise and fall, where is the steel market trending in June

Time : 2021-05-24 Hits : 48

Market side  


Today, the national steel prices are lowering steadily. Among them, the price of rebar in Shanghai is lowered by 100 yuan/ton, the price of rebar in Hangzhou is lowered by 100 yuan/ton, the price of rebar in Wuhan is lowered by 80 yuan/ton, and the average price of rebar in 27 cities across the country is 5125 yuan/ton. The average price of hot-rolled coils in 27 cities across the country is 5559 yuan/ton, which is 81 yuan/ton lower than the price of the previous trading day, and the average price of plate in 27 cities across the country is 5628. RMB/ton, down 57 RMB/ton from the previous trading day's price.


Billet side  


   Today, Tangshan billets are generally delivered straight, and the spot price of billets in the morning market is around 4950, with a small number of transactions. In the afternoon, the market was boosted by futures steel, which rose sharply by about 130-150, and is now at 5080-5100, with active trading.


Steel mill price adjustment  


   Today, the major steel mills across the country have slightly lowered, Zhongtian reduced 550 yuan/ton, Lianyuan Iron and Steel reduced 70 yuan/ton, and Cold Steel (Changsha) reduced 50 yuan/ton.


   The steel PMI in May showed that the steel price fluctuated sharply, and the growth rate of supply and demand in the market diverged. It was 46.1% in May, an increase of 0.7 percentage points from the previous month. The sub-indices showed that the prices of raw materials and steel products fluctuated sharply during the month, the production of steel mills increased, market demand slowed down, and the speed of steel mills' destocking decreased. It is expected that in June, steel prices will maintain slight fluctuations, market demand will continue to be under pressure, and steel mills' production growth will slow down.


   The latest comprehensive transaction price index issued by the Coal Trading Center on the 31st was 160.06 points, a decrease of 0.02% from the previous month. Specifically, the thermal coal index was 144.62 points, a month-on-month decrease of 0.06%; the coking clean coal index was 178.09 points, a month-on-month increase of 0.21%; the injection clean coal index was 186.76 points, a month-on-month increase of 0.17%; the chemical raw material coal index was 156.46 points, The month-on-month decrease was 0.84%.


   Shanxi will accelerate the phase-out of 4.3-meter coke ovens and vigorously rectify structural pollution. Continue to promote the relocation and withdrawal of heavily polluting enterprises in urban built-up areas and surrounding areas, speed up the clean-up of polluting enterprises that do not meet the urban function positioning, and promote the retreat of heavily polluting enterprises into the park.


Steel City Overview  


   Due to the large increase in market prices during the weekend, the market price yesterday was mostly based on supplementary increases. Futures fell sharply in early trading today, and spot market prices fell sharply.


   In terms of transactions, the transaction performance of high-end resources in the market was weak, and merchants were cautious and basically focused on shipments. At present, the supply and demand side of the market is gradually weakening, and the demand effect of the peak season is gradually weakening. There is a certain pressure on price increases. It is expected that the building materials market will be weakened in the near future.

Prev : In June, domestic spiral welded pipe prices will be high and low

Next : In June, domestic spiral welded pipe prices will be high and low