After the hottest rise of 500, the scrap price may

2022-08-23
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After a sharp rise of 500, the scrap price may rise again

on the 1st, scrap steel arrived: Shagang unloaded 14403.68 tons yesterday, a decrease of 5.8% over the previous day. Today, there are 50 ships of Runzhong, 17 ships of Yongxin, 10 seagoing ships, 150 cars of large and small cars, and 20 cars of briquettes. Recently, Shagang's arrival has fallen again

in terms of finished products, the price performance of rebar in nearly half a month can be described as crazy. What is the reason for such a crazy market of rebar? The main reasons are the following:

the first is the impact of production restriction

second, before the production limit, the market was not optimistic about rebar, and steel mills uniformly reduced the production of rebar, resulting in a short-term imbalance between supply and demand of rebar

third, the national demand is not as weak as expected. In the north, affected by various policies and seasonal factors adopted by the environmental protection government, construction has decreased, indeed reducing a certain amount of demand. However, November is the best time point for construction in East China, South China, including Southwest China. At this time point, the demand in these areas is very strong

especially in East and South China. The main areas leading the rise in spot prices of rebar in this round are East China and South China. Steel mills in East China have a certain proportion of production restrictions, resulting in a reduction in supply. At the same time, at present, ports in Northeast China have squeezed a lot of steel. Most of the ships transporting steel southward in September and October have not returned. The southward volume of Beicai has been greatly affected, which is also one of the main reasons for the resource tension in East and South China

prices in North China have also been crazy recently, and the tension of rebar specifications is obvious, mainly in the Beijing Tianjin market. This has a lot to do with the substantial production restriction of steel mills in North China. Although the local demand of Beijing and Tianjin is weak, the function of radiating to the surrounding areas is still there. The daily shipments are also very good, and the inventory is also declining sharply

the resource tension in the region has produced linkage across the country at present, which has led to a sharp rise in the price of rebar across the country and a continuous decline in inventory. With the decline of rebar production of building materials steel in China, the steel factory has a smooth internal warehouse going and there is no pressure to ship. Even some steel mills have closed their warehouses and spared sales. The current spot price approaching 5000 yuan/ton makes steel traders have a low willingness to replenish the stock. On the whole, there is a high probability that the spot price will remain strong in the future. With the decline of rebar production of building materials steel in China, the steel factory has a smooth internal warehouse going and there is no pressure to ship. Even some steel mills have closed their warehouses and spared sales. The current spot price approaching 5000 yuan/ton makes steel traders have a low willingness to replenish the stock

on the whole, there is a high probability that the spot price will remain strong in the future. The end of December will be a risk point for the steel market. The lower temperature will lead to the shutdown of construction sites in the lower reaches of the north. At that time, the tight supply situation will be eased. I hope you steel friends will be careful

In terms of scrap steel, domestic scrap steel rose strongly on the 1st. In terms of regions, the current Zhenjiang Hongtai, Dafeng Lianxin, Lianyungang Yaxin and Xingxin steel plants in Jiangsu region have increased their prices to attract supply, while other steel enterprises have stayed on the sidelines for the time being. At present, Jiangsu steel plate furnace charge is 2 high, the initial cable fault rough measurement work, the shear furnace charge is 2000 high, and the primary crushing charge is 2020 high

in the market, the ten day price of Shagang thread rose by 500 this year, detonating the local scrap market. Major venues and wharves increased prices and actively attracted goods, but merchants hoarded more goods and hoped to rise, and their willingness to ship was not very strong; Part of the price rise in North China: the mainstream of heavy a, affected by poor goods, most low-end steel mills rose to high prices, Xindonghai rose 70, ganglu rose 50, Yangang rose 30, and Guoyi rose 30. Although some local prices have increased significantly, considering the impact of supply, business mentality, winter storage and temperature, it is expected that individual specifications will continue to rise in the short term. In Northeast China, due to the short arrival of scrap steel from various steel mills in the near future, and the shortage of scrap steel resources in Northeast China, steel mills are willing to increase

however, at present, it is difficult for the steel mills to improve the arrival situation after the price rise. The local weather is gradually turning cold, and the problems of supply and transportation are prominent. The arrival of steel mills is seriously blocked. In addition, the mentality of large households hoarding goods and optimistic about the future market is strong, so the arrival volume of steel mills is difficult to increase

in today's Guangdong market, the mainstream of punching/1720 has high quality and high price. The price of steel bar cutting, broken materials and other materials has risen due to the price of goods transferred from the north. Local steel mills, Yueyufeng, Jieyang Guoxin and others have also increased significantly. The overall mood is better than its degradation through the random fracture of ester bonds in the chain. On the whole, the trend of finished products and billets is good at this stage, and the price difference between spot and scrap is gradually widening. Coupled with the rising prices of pig iron and coke, the cost advantage of scrap is expanding. Due to the profit trend, the demand for scrap steel by steel mills only increases. The northern steel plant is in winter storage, and the supply of goods is relatively small. In addition, the arrival of Shagang has fallen again recently, so there is strong bullish sentiment in the market. Some venues have significantly increased the measures, but now the merchants have a strong attitude of valuing goods, and they are unwilling to ship at this time, and the market transaction is weaker. In the short term, it is not surprising that scrap prices are strong or stable, and there is room for further increases

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