China's steel products forecast next week

China's steel products forecast next week: With the expansion of the scope of production restrictions, many steel companies plan to suspend production for maintenance in September, and market resources are relatively reduced. In addition, the raw material end coke has increased for nine consecutive rounds, and the billet and pig iron will also follow the upward adjustment. Factory prices have been strengthened according to their wishes, not entering the traditional peak consumption season in September, downstream terminal demand is mostly on-demand purchases, market transaction volume has not risen sharply, and merchants are cautious and wait and see more inquiries.

1. Spot market
Construction steel: shocks up

Affected by environmental protection and production restrictions, steel companies plan to increase their maintenance. In addition to the peak consumption season in September, downstream terminal demand is gradually released, market shipments are acceptable, and environmental protection production restrictions have increased, steel companies have planned more maintenance, and raw materials continue to expand Rising, the bottom support of the price still exists. It is expected that the market price of building materials will fluctuate strongly next week.

Hot rolled coils: rising

With the increase in maintenance plans for steel mills’ blast furnaces in September, hot-rolled production has been affected. In addition, the PMI data in August was not as expected. The expansion of the manufacturing industry has weakened, and market sentiment has been frustrated. It is expected that, as well as the demand in September, it is expected to make up for the demand that was affected by the flood and the epidemic in the early stage. It is expected that the hot-rolled market will operate in a strong and volatile manner next week.

Plate: Upward

As the country boosts the economy, coupled with stricter environmental protection and production restrictions, the raw material market has increased its support, production costs remain high, and steel companies have strengthened their support. There is still room for growth in the spot market, but under the influence of weak demand, The increase is limited, and it is expected that the plate market price will rise steadily next week.

Strip steel: price increase

With the promotion of economic recovery in various places, the demand for steel has gradually increased, coupled with the release of inventory, and traders have strong expectations for the future of the Jinjiu market, superimposed steel companies have increased environmental protection restrictions, and the supply side has gradually decreased. There are signs of tightening. Pull up, the strip price is expected to fluctuate strongly next week.

 Profile: Rise

The billet continues to rise, and manufacturers still have a certain mentality to hold prices. The traditional peak season in September has come and the mentality of manufacturers has improved. Although steel stocks are currently in an orderly decline, after all, the oversupply is always a pain point, and the trend of futures is extremely high. Unstable, the procurement is still cautious, and the profile market is expected to be narrow and strong next week.

 Pipe: Rising

Entering the peak season in September, market demand has been released, but it is slow and uneven. Driven by raw materials, the market has a good jet lag, more manufacturers follow the market, the price of management is high, and the downstream is afraid of high prices. Traders often replenish inventory on demand. Under the support of cost, manufacturers are optimistic, and the market price of pipes is expected to fluctuate and run strongly next week.