Although the construction of affordable housing will drive demand for the domestic construction steel market, due to factors such as increased inventories and weakened raw material cost support, analysts predict that after entering the off-season demand in July, the domestic construction steel market may experience slight fluctuations.
Statistics show that the prices of steel billets and iron ore have recently declined slightly, and the support for the construction steel market has continued to weaken. Especially in the iron ore market, compared with the previous high of US$200/ton, the FOB price of 61.5% PB powder in the third quarter was US$167.49/ton, which was US$2.48/ton lower than the second quarter, a decrease of 1.46%. At present, iron ore stocks in domestic ports continue to be high, and quotations began to show signs of loosening. The billet price has also been in the adjustment stage. In mid-June, the billet was reduced by 110 yuan, maintaining slight fluctuations.
Recommended reading
In addition to the adjustment of raw material prices, the recent domestic social inventory of construction steel products began to rise. Lange Steel statistics show that at the beginning of July, the country’s 29 key cities in construction steel social inventories reached 6,853,500 tons, up 0.23% from the end of June, domestic social steel inventories are showing a slight upward trend. At the same time, domestic crude steel production continued to be high in June, and it is difficult to eliminate the contradiction between market supply and demand in the short term.
Lange Steel analysts pointed out that after June the temperature gradually increased, the high temperature will hinder the construction of outdoor construction projects, coupled with the South into the rainy season, will accelerate the construction steel corrosion, therefore, the use of steel companies will be more cautious in procurement The traditional off-season is formed with steel demand. With the weak demand, it is expected that the construction steel market in July will still have room to fall.
Statistics show that the prices of steel billets and iron ore have recently declined slightly, and the support for the construction steel market has continued to weaken. Especially in the iron ore market, compared with the previous high of US$200/ton, the FOB price of 61.5% PB powder in the third quarter was US$167.49/ton, which was US$2.48/ton lower than the second quarter, a decrease of 1.46%. At present, iron ore stocks in domestic ports continue to be high, and quotations began to show signs of loosening. The billet price has also been in the adjustment stage. In mid-June, the billet was reduced by 110 yuan, maintaining slight fluctuations.
Recommended reading
In addition to the adjustment of raw material prices, the recent domestic social inventory of construction steel products began to rise. Lange Steel statistics show that at the beginning of July, the country’s 29 key cities in construction steel social inventories reached 6,853,500 tons, up 0.23% from the end of June, domestic social steel inventories are showing a slight upward trend. At the same time, domestic crude steel production continued to be high in June, and it is difficult to eliminate the contradiction between market supply and demand in the short term.
Lange Steel analysts pointed out that after June the temperature gradually increased, the high temperature will hinder the construction of outdoor construction projects, coupled with the South into the rainy season, will accelerate the construction steel corrosion, therefore, the use of steel companies will be more cautious in procurement The traditional off-season is formed with steel demand. With the weak demand, it is expected that the construction steel market in July will still have room to fall.
Wpc Yard Fence,Front Yard Fence,Wpc Fence
Yongsheng New Material Co., Ltd. , http://www.wpcgoods.com