This week building materials prices across the line back. With the return of market sentiment to rationality, the superimposed real estate stimulus is less than expected, in the case of continuous increase in supply, business offers have been lowered, and low transaction performance is less than expected. The supply side continues to increase next week, and the probability of demand is stable, but under the operation of the market’s active destocking, the inventory is still expected to be destocked, and it is expected that the price will be adjusted and run in shock next week.
As of October 18, the average price of 20mm three-level seismic rebar in major cities in the country was 3,724 yuan/ton, down 162 yuan/ton week on week; The average price of 8.0mmHPB300 high line is 3862 yuan/ton, down 176 yuan/ton week on week.
First, October 19 Tangshan Steel City Express
19 morning Tangshan Qian ‘an billet mainstream factory price compared with yesterday reported 3070 yuan/ton, Qian ‘an Songting steel billet factory price compared with yesterday reported 3090 yuan/ton, storage spot including tax reported about 3150 yuan/ton. In the morning, the billet market was weak, and the downstream finished material prices were temporarily stable. The following are the price of Tangshan varieties and transaction details:
【 Section steel 】
Tangshan steel mainstream market prices were stable compared with yesterday, including I-steel 3450 yuan/ton, Angle steel 3580 yuan/ton, channel steel 3380-3410 yuan/ton, today’s market prices slowed down, the speculative demand for low-cost resources reduced, today’s wath-and-see sentiment strong.
【 Strip steel 】
Tangshan 355 strip market price is stable than yesterday, the spot mainstream 3390-3400 yuan/ton, the market forward than the spot resources are basically flat, the transaction is weak.
【 Hot rolling, cold rolling base 】
Tangshan cold rolling base material market price increased by 20 compared with yesterday, the mainstream market 3.0*1010 is 3420 yuan/ton; 3.0*1210 is 3420 yuan/ton. The price is mainly quoted, the transaction is not good.
Tangshan open plate market price is temporarily stable, the market mainstream 1500 wide Pukai flat board reported 3450-3470 yuan/ton, manganese Kaiping 3600-3610 yuan/ton. The deal is so-so.
【 middle plate 】
Tangshan thick plate market price is temporarily stable, 14-20 general board reported 3490 yuan/ton, low alloy reported 3690 yuan/ton, the transaction is weak.
【 Pipe 】
Tangshan welded pipe, galvanized pipe prices held steady, 4 inch 3.75mm new national standard hot-dip galvanized pipe, Tangshan Huaqi Newspaper 4460; 4 inch welded pipe Tangshan Huaqi reported 3790, the transaction is weak.
Tangshan market disc buckle steel scaffold price is stable, 2.5m vertical rod 4700-4710, 0.9m cross rod 4620-4630, inclined tie rod 4490-4500, including tax weighing. The deal is so-so.
【 Building Materials 】
Tangshan construction steel market price is temporarily stable, now three large thread 3580 yuan/ton, three small thread 3660 yuan/ton, disc screw 3580 yuan/ton, the market price is temporarily stable, the transaction is not good.
Second, Tangshan steel supply and demand this week
Billet profit: this week, the average cost of molten iron excluding tax in Tangshan mainstream sample steel mill is 2400 yuan/ton, the average billet tax cost 3178/ ton, the weekly increase of 44 yuan/ton, compared with the October 19 billet factory price 3070 yuan/ton, the average loss of steel mill 108 yuan/ton, from profit to loss.
Billet supply and demand: Mysteel research, this week in Tangshan and the surrounding 23 sample enterprises billet daily takeaway volume of about 45,700 tons, the perimeter increased by 0.15 tons. During the research period, the volume of billet take-out increased slightly, a small number of billets were put into the market by individual steel enterprises, and the volume of billet take-out in most other steel enterprises was relatively stable. At present, the volume of billet take-out was at a normal high level during the year, and the price of billet fell rapidly or affected the supply of billet in the later period.
Mysteel research, 44 sample billet rolling enterprises in Tangshan this week average daily consumption of billet about 51,000 tons, an increase of 0.23 million tons week on week. The capacity utilization rate of the billet rolling mill continued to increase during the research period, the shipment of billet finished materials improved compared with last week, and the profit margin was reasonable, and the demand for billet increased. However, the market expectation of the weakening of the period spiral shock is cautious, or it affects the capacity utilization of the rolling mill in the later period, and the demand for steel billet is mainly decreased.
Billet inventory: Tangshan main warehouse and port of the same caliber billet inventory 1,293,300 tons this week, a decrease of 72,100 tons week on week, an increase of 9.89% compared with the same period last year. During the research cycle, the downstream takes the goods as needed, and the warehouse goes to the warehouse mainly; The port is mainly empty. Billet market forecast: From the current point of view, in terms of supply, although the volume of billet take-out increased slightly this week, with its own profit reduction, while the profit of finished materials is better than the billet, the volume of billet take-out in the later period is expected to decrease. On the demand side, the capacity utilization rate of the downstream billet plant is maintained at a high level, but with the slowdown in the transaction of finished materials, the billet collection tends to be cautious. In terms of cost, with the wide decline in prices, steel enterprises have turned from profit to loss, the production pressure has increased, and the supply level is expected to decline, which has a certain supporting effect on the price. In the market, market trading has weakened and risk aversion has increased. Overall, in the short term, the billet market may be weak to find the bottom. It is still necessary to pay attention to the follow-up of the demand after the fall.
Post time: Oct-20-2024