Three Way Ball Valve,Welded Ball Valve,Floating Ball Valve,3 Way Floating Ball Valves RST VALVE GROUP CO.,LTD , https://www.stainlesssteel-valves.com
In the sheet metal market, the price is generally dominated by consolidation. The market for hot-rolled coils is relatively stable. The ton prices in Wuhan and Shenyang have fallen by 10 to 30 yuan a week, while those in Fuzhou and Tianjin have risen. Before the holiday, the market was deserted, and after the holiday, there was a possibility of a small increase in some low-price regions. The plate market narrowed, Shanghai, Hangzhou and other places rose. The price of ton in Harbin and other places dropped by around 20 yuan per week. It is estimated that many new resources will still be available during the holiday season, and post-holiday stocks will increase, which will have an inhibitory effect on the prices of plate. However, since the current price is already low, there is little room for further decline.
The global iron ore market is basically in a state of powerlessness. According to the latest report of the relevant organization, in the domestic ore market, the prices of iron concentrates in Hebei have been operating smoothly. Even if some steel mills need to make up before the holiday, it is difficult to form a comprehensive boost for mainstream prices. Imported ore prices rebounded slightly. On the 12th, the 62% grade Platts Iron Ore Index closed at a price of $63.25 per ton, rising by $1 a week. Close to the year, some steel mills have stocking demand before the holiday, and some miners are also returning their funds to “fighting goodsâ€. There are signs of activity in the iron ore spot market at one time, but the market’s pessimistic judgment on the price of iron ore remains the same.
Analysts of related organizations believe that the domestic steel market's weak status is difficult to change fundamentally. According to the latest statistics from China Iron and Steel Association, the daily production of crude steel by key steelmakers fell slightly in late January, but the inventory of key companies increased. In the major steel industry, the ex-factory prices of general equipment manufacturing, electronic equipment manufacturing, and automobile manufacturing both fell year-on-year and month-on-month, indicating that the overall demand for the manufacturing industry was weak. As the intermediate material link of the manufacturing industry, the iron and steel industry not only has its own overcapacity problem to be solved, but also fluctuates along with the ups and downs of the entire manufacturing industry chain.
Years ago, the global iron ore market went up and down
After the holiday, steel mills resumed production. Market stocks accumulated over the holidays may reach relatively high levels. Coupled with the recovery of demand, the post-holiday market will be under pressure.