Week 15 steel market
This week, the main black contract first fell and then rose. The rebar 2410 contract closed at 3611 yuan/ton on Friday night;
This week, the spot market price is higher: on Sunday, chaotic lower, Monday, stop falling and rebound, Tuesday, shock upward, Wednesday, the rally slows down, Thursday, low before high, Friday, generally upward. The current market situation is: inventories continue to fall, demand is released steadily, futures boost confidence, manufacturers work together to push up.
Supply side: The phased profits of steel mills have improved, the willingness to release production capacity has become stronger again, and the supply has turned from a decline to an increase.
Demand side: At present, it is in the traditional construction season, the market transaction has improved, the terminal demand has continued to be released, and the market confidence has improved.
On the whole, the terminal demand continues to rise, thread production is at a low level, the steel market continues to decline, market confidence has increased, but the real estate weakness and local debt pressure affect steel demand, the short-term steel market will continue to rebound under the influence of strong supply of steel mills, continuous release of demand, and strong cost support, but the rebound is highly or limited.
