According to the latest monitoring data of well-known domestic steel spot trading platform -- Xiben Shinkansen -- provides a display, in just the past week (9.14-9.18), the major domestic construction steel prices decline slowed again in the region, "dimensional stability" has become the theme of the word before the steel market.
Last week, the western route of the new regional steel price changes are as follows: Shanghai regional steel prices down slightly, single week down 20 yuan / ton, as of September 18 daily in 3540 yuan / ton; Beijing regional steel prices slightly, single week raised 20 yuan / ton, as of September 18 daily in 3590 yuan / ton; while steel prices Guangzhou region also single week decline, down 20 yuan / ton, as of September 18 daily in 3770 yuan / ton.
The western route of the new steel spot trading platform, data display, as of September 18th, the main domestic market quality level two 25mm threaded steel average price in 3625 yuan / ton, compared with last Friday down 11 yuan / ton; 6.5mm high average price in 3572 yuan / ton, compared with last Friday down 7 yuan / ton. Overall, since September, steel prices fell sharply momentum has been apparent containment, slightly lowered, bottom shock has become the main way of market operation.
From the west route of the new trading platform for each transaction business information feedback, following last week end demand abnormal volume increase of 54% than the previous week, this week the demand and a sharp contraction of signs, the specific performance of the downstream steel terminal users purchase the significant slowdown in the pace, and at the same time, spot trading platform trader trading remains performance light. According to the spot transaction platform to disclose the data, this week, spot steel average daily trading volume reduce 44% last week. Similar signs, once again proved the terminal demand is selective in the release point of view, and the demand for the release of unstable characteristic, undoubtedly increased the difficulty of raising prices.
Last week, the influence factors of domestic construction steel market prices decline, mainly has following several aspects:
One is the steel price policy is still reflects the differentiation. According to the western route of the new monitoring data show, last week, a total of 13 China rebar and wire rod production enterprises to adjust the ex factory price, the prices up steel mills have 6, the ex factory price of steel mills have cut 7, both a considerable number. Notable is, at present steel price adjustment is more cautious, range between 30-50 yuan / ton, market outlook, stable market is steel when the main intention before.
The second is the price of domestic raw material to maintain a narrow range of fluctuation. According to the western route of the new monitoring data show, as of September 18th, 20MnSi steel prices in Shanghai area was 3260 yuan / ton, compared with last Friday down 40 yuan / ton; scrap price in Jiangsu 2500 yuan / ton, compared with last Friday flat; the price of coke in Shanxi area was 1650 yuan / ton, compared with last Friday fall 30 yuan / T. Can see, Shanxi Coking Industry Association recently a supplementary notice guidance coke market in Taiwan in September, early cut foundation to guide price of coke, since the beginning of September 15th again dropped 80 yuan / ton, the cumulative execution price down to 160 yuan / ton. Affected by this, the price of coke a slight dip around. With lower international scrap steel market, the domestic steel scrap market also continued steady situation down. But the north market is showing steady small blank rise trend, turnover than before improvement.
The third is the domestic construction steel stocks dropped for two consecutive weeks. Display Xiben Shinkansen monitoring in major cities nationwide construction steel inventory data changes, the current domestic construction steel the total inventory 537.197 tons, 268110 tons less than last week, dropped than before obviously enlarged. Including Beijing, Hangzhou, Guangzhou building materials inventory has two consecutive weeks of Jiancang, Hangzhou inventory reduction is obvious. Similar signs, vaguely revealed by preganglionic demand and real estate new investment pull, the construction steel market began to inventory digestion trend. But in view of the inventory is still high and demand the release of instability, to inventory process, or will be more long.
The western route of the new analysts, some factors will affect the future market trend at present, worthy of attention:
First, steel production is not obvious signs. According to the latest statistics of China Iron and Steel Association released in September 17th shows that early this month, the member enterprise crude steel production of 12780000 tons, the national estimate is 16660000 tons, converted into all output to 1666000 tons, compared with 1688000 tons in August national crude steel output fell by only 22000 tons level. Hope to the current level of production of iron and steel in exchange for a rebound in steel prices "golden nine silver ten" season, no doubt some reluctantly. And the National Day period part of the regional project construction will occur or stagnate gradually, but the main manufacturers during production is not shrinking, follow-up resources pressure not only increase, undoubtedly make after the national market cast a shadow.
Second, the capital market is still loose liquidity. From the central bank's open market operation data, in September two weeks before the open market due the amount of funds were 282000000000 yuan and 265000000000 yuan respectively, two weeks on the net 72000000000 yuan and 40000000000 yuan. And in September 17th, the central bank issued 40000000000 yuan March votes, compared with the same period last week, a decrease of 40000000000 yuan. At the same time, the level of 7 days the market repo rate between banks has dropped from the highest 2.15% to 1.3% near the. All the signs indicate that the National Day is approaching, the stability of capital market operation of the overall.
Thirdly, trade protectionism. The Obama administration decided to levy punitive tariffs on Chinese tyres after 5 days, the United States Steel Corp (USS) also asked the U. S. Department of Commerce to against the originating in China's carbon steel and alloy steel seamless pipe and tube standard pressure