Next month will enter the rainy season, the regional rainfall in the south will increase, the high temperature area in the north and south will expand, and the steel demand will really enter the traditional off-season. At the same time, with the power “to meet the peak of summer”, limited production, power restriction or will occur in many places, the steel market at both ends of supply and demand or affected, especially the construction, processing and manufacturing terminal rigid demand or weak degree is obvious; With the recovery of domestic steel prices, the growth rate of steel exports has fallen, and the overall steel demand has shown a weakening trend. However, in the recent rise in ore prices, coke prices have stopped falling, the main varieties of steel inventory is low, the introduction of macroeconomic stimulus economic policies or exceed expectations under the boost, the market is expected to further improve, the steel market still has the conditions to rise. However, with the expansion of profits of steel enterprises, the strengthening of the power to increase production, the resumption of production and the expectation of increasing production, the contradiction between market supply and demand is worried or gradually resurfaced, and the realistic situation of “supply and demand reduction” gradually emerged. After the Dragon Boat Festival, the main varieties of social inventory, total inventory or now from down to up. Steel market supply is greater than the expected concern or once again become the main contradiction in the market. In addition, the country’s late development policies or not up to the expected level or expected value of the steel market, the market sentiment gradually tends to be rational, the momentum of rising steel prices or repressed, increasing upward pressure, the market or the shock adjustment after the stage rise.
Post time: Jun-28-2023