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Steel Market Prodiction 2020-11-10

Steel Market Prodiction 2020-11-10

  • Categories:Industry News
  • Author:David John
  • Origin:ZGW
  • Time of issue:2020-11-10 10:28
  • Views:

(Summary description)Construction steel: price increase

The steel futures moved up sharply, the market mentality was firm, the raw material end billet continued to rise, driven by the high cost end, the current price was supported by this impact, and the capital pressure at the beginning of the month was not obvious. As the weather turns cold, the terminal has a deadline for construction , Most merchants are actively shipping mainly, and it is expected that the price of building materials tomorrow may be stable and strong.

Hot rolled coils: Upward

Driven by futures, the overall price rose. However, market enquiry sentiment was flat, and spot market transactions performed generally. Considering the strong support of the rising billet, merchants' mentality was mainly to wait and see shipments, and the pressure on resources was not obvious. Based on the above situation , It is expected that the price of hot rolls may stabilize and adjust upwards tomorrow.

Plate: Rising

The downstream demand has been slow to follow up, and market transactions have always been difficult to improve. Merchants are actively shipping. The billet costs continue to rise. The market low mentality is acceptable. The steel mills have obvious willingness to stand up. The market settlement cost is high. The spot bottom is still Support, merchants mainly ship more shipments to reduce warehouses and reduce risks. It is expected that the price of plate tomorrow may rise steadily.

Strip steel: up

Affected by the U.S. presidential election, the stock price rose sharply, driving the domestic black market to rise, and the raw material end rose strongly, the billet cost end continued to rise, the market low mentality was acceptable, the market settlement cost was high, and the spot bottom was still supported. Market inventories continue to decline, and it is expected that tomorrow's board prices may stabilize and increase.

Profile: Rise

Tangshan continues to limit production, many steel companies have overhauled, and the strong cost-side support has played a certain role in boosting the mentality of the raw material market. Spot prices have continued to rise. However, as the weather is gradually turning cold, the traditional consumption off-season is coming, and downstream demand releases momentum Obviously insufficient, traders are more cautious in replenishing stocks, and it is expected that the market price of profile materials may rise steadily and adjust operation tomorrow.

Pipe: Maintain stability

Black futures rose, driving market sentiment. Pipe prices followed the rise. However, after the rise, downstream acceptance was limited. The pipe factory's operating sentiment was not strong, and the demand did not improve. The terminal was cautious in obtaining goods, and the sentiment still exists. , Wait and see for the time being, considering that the raw material end support is acceptable, it is expected that the price of the tube will rise and adjust tomorrow.

Iron ore: a stable tune

Coke prices are high, iron ore fluctuates at a high level, steel mills’ profits are still low, winter heating and environmental protection restrictions in various regions are parallel, steel companies’ automatic maintenance and production reductions are gradually increasing, and the demand for iron ore will be suppressed to a certain extent. It is expected that iron ore tomorrow Prices may increase individually.

Scrap steel: rising

At present, the improvement in terminal demand drives the price of finished products to continuously increase. The estimated profit of steel mills has recovered to more than 300 yuan/ton. The daily scrap consumption of steel enterprises has remained high and stable. The scrap inventory of steel mills is relatively low. There will be a certain amount of unhurried demand near the winter. It is expected tomorrow Scrap prices may increase individually.

Coke: rising

The winter heating in the north has been started one after another, and the demand for coke has greatly increased. Coupled with environmental restrictions on production, coke inventories have continued to decline. Although steel plants have recently undergone partial overhauls, the overall start-up is still high. Coke supply and demand are both booming. Businesses still have bullish expectations. Coke prices may continue to rise steadily tomorrow.

Pig iron: rising

Steel smelting resources are tight, and iron plants often schedule production on a single basis. As the price of raw materials rises, the quotations continue to rise. Driven by rising coke prices and rising costs, the quotations have risen one after another. At present, the inventory pressure of iron plants is not large. The steel market continues to improve, the market trading atmosphere is fair, and the merchants have strong bullish sentiment. It is expected that the pig iron will continue to run strongly tomorrow.

Steel Market Prodiction 2020-11-10

(Summary description)Construction steel: price increase

The steel futures moved up sharply, the market mentality was firm, the raw material end billet continued to rise, driven by the high cost end, the current price was supported by this impact, and the capital pressure at the beginning of the month was not obvious. As the weather turns cold, the terminal has a deadline for construction , Most merchants are actively shipping mainly, and it is expected that the price of building materials tomorrow may be stable and strong.

Hot rolled coils: Upward

Driven by futures, the overall price rose. However, market enquiry sentiment was flat, and spot market transactions performed generally. Considering the strong support of the rising billet, merchants' mentality was mainly to wait and see shipments, and the pressure on resources was not obvious. Based on the above situation , It is expected that the price of hot rolls may stabilize and adjust upwards tomorrow.

Plate: Rising

The downstream demand has been slow to follow up, and market transactions have always been difficult to improve. Merchants are actively shipping. The billet costs continue to rise. The market low mentality is acceptable. The steel mills have obvious willingness to stand up. The market settlement cost is high. The spot bottom is still Support, merchants mainly ship more shipments to reduce warehouses and reduce risks. It is expected that the price of plate tomorrow may rise steadily.

Strip steel: up

Affected by the U.S. presidential election, the stock price rose sharply, driving the domestic black market to rise, and the raw material end rose strongly, the billet cost end continued to rise, the market low mentality was acceptable, the market settlement cost was high, and the spot bottom was still supported. Market inventories continue to decline, and it is expected that tomorrow's board prices may stabilize and increase.

Profile: Rise

Tangshan continues to limit production, many steel companies have overhauled, and the strong cost-side support has played a certain role in boosting the mentality of the raw material market. Spot prices have continued to rise. However, as the weather is gradually turning cold, the traditional consumption off-season is coming, and downstream demand releases momentum Obviously insufficient, traders are more cautious in replenishing stocks, and it is expected that the market price of profile materials may rise steadily and adjust operation tomorrow.

Pipe: Maintain stability

Black futures rose, driving market sentiment. Pipe prices followed the rise. However, after the rise, downstream acceptance was limited. The pipe factory's operating sentiment was not strong, and the demand did not improve. The terminal was cautious in obtaining goods, and the sentiment still exists. , Wait and see for the time being, considering that the raw material end support is acceptable, it is expected that the price of the tube will rise and adjust tomorrow.

Iron ore: a stable tune

Coke prices are high, iron ore fluctuates at a high level, steel mills’ profits are still low, winter heating and environmental protection restrictions in various regions are parallel, steel companies’ automatic maintenance and production reductions are gradually increasing, and the demand for iron ore will be suppressed to a certain extent. It is expected that iron ore tomorrow Prices may increase individually.

Scrap steel: rising

At present, the improvement in terminal demand drives the price of finished products to continuously increase. The estimated profit of steel mills has recovered to more than 300 yuan/ton. The daily scrap consumption of steel enterprises has remained high and stable. The scrap inventory of steel mills is relatively low. There will be a certain amount of unhurried demand near the winter. It is expected tomorrow Scrap prices may increase individually.

Coke: rising

The winter heating in the north has been started one after another, and the demand for coke has greatly increased. Coupled with environmental restrictions on production, coke inventories have continued to decline. Although steel plants have recently undergone partial overhauls, the overall start-up is still high. Coke supply and demand are both booming. Businesses still have bullish expectations. Coke prices may continue to rise steadily tomorrow.

Pig iron: rising

Steel smelting resources are tight, and iron plants often schedule production on a single basis. As the price of raw materials rises, the quotations continue to rise. Driven by rising coke prices and rising costs, the quotations have risen one after another. At present, the inventory pressure of iron plants is not large. The steel market continues to improve, the market trading atmosphere is fair, and the merchants have strong bullish sentiment. It is expected that the pig iron will continue to run strongly tomorrow.

  • Categories:Industry News
  • Author:David John
  • Origin:ZGW
  • Time of issue:2020-11-10 10:28
  • Views:
Information

Construction steel: price increase

The steel futures moved up sharply, the market mentality was firm, the raw material end billet continued to rise, driven by the high cost end, the current price was supported by this impact, and the capital pressure at the beginning of the month was not obvious. As the weather turns cold, the terminal has a deadline for construction , Most merchants are actively shipping mainly, and it is expected that the price of building materials tomorrow may be stable and strong.

Hot rolled coils: Upward

Driven by futures, the overall price rose. However, market enquiry sentiment was flat, and spot market transactions performed generally. Considering the strong support of the rising billet, merchants' mentality was mainly to wait and see shipments, and the pressure on resources was not obvious. Based on the above situation , It is expected that the price of hot rolls may stabilize and adjust upwards tomorrow.

Plate: Rising

The downstream demand has been slow to follow up, and market transactions have always been difficult to improve. Merchants are actively shipping. The billet costs continue to rise. The market low mentality is acceptable. The steel mills have obvious willingness to stand up. The market settlement cost is high. The spot bottom is still Support, merchants mainly ship more shipments to reduce warehouses and reduce risks. It is expected that the price of plate tomorrow may rise steadily.

Strip steel: up

Affected by the U.S. presidential election, the stock price rose sharply, driving the domestic black market to rise, and the raw material end rose strongly, the billet cost end continued to rise, the market low mentality was acceptable, the market settlement cost was high, and the spot bottom was still supported. Market inventories continue to decline, and it is expected that tomorrow's board prices may stabilize and increase.

Profile: Rise

Tangshan continues to limit production, many steel companies have overhauled, and the strong cost-side support has played a certain role in boosting the mentality of the raw material market. Spot prices have continued to rise. However, as the weather is gradually turning cold, the traditional consumption off-season is coming, and downstream demand releases momentum Obviously insufficient, traders are more cautious in replenishing stocks, and it is expected that the market price of profile materials may rise steadily and adjust operation tomorrow.

Pipe: Maintain stability

Black futures rose, driving market sentiment. Pipe prices followed the rise. However, after the rise, downstream acceptance was limited. The pipe factory's operating sentiment was not strong, and the demand did not improve. The terminal was cautious in obtaining goods, and the sentiment still exists. , Wait and see for the time being, considering that the raw material end support is acceptable, it is expected that the price of the tube will rise and adjust tomorrow.

Iron ore: a stable tune

Coke prices are high, iron ore fluctuates at a high level, steel mills’ profits are still low, winter heating and environmental protection restrictions in various regions are parallel, steel companies’ automatic maintenance and production reductions are gradually increasing, and the demand for iron ore will be suppressed to a certain extent. It is expected that iron ore tomorrow Prices may increase individually.

Scrap steel: rising

At present, the improvement in terminal demand drives the price of finished products to continuously increase. The estimated profit of steel mills has recovered to more than 300 yuan/ton. The daily scrap consumption of steel enterprises has remained high and stable. The scrap inventory of steel mills is relatively low. There will be a certain amount of unhurried demand near the winter. It is expected tomorrow Scrap prices may increase individually.

Coke: rising

The winter heating in the north has been started one after another, and the demand for coke has greatly increased. Coupled with environmental restrictions on production, coke inventories have continued to decline. Although steel plants have recently undergone partial overhauls, the overall start-up is still high. Coke supply and demand are both booming. Businesses still have bullish expectations. Coke prices may continue to rise steadily tomorrow.

Pig iron: rising

Steel smelting resources are tight, and iron plants often schedule production on a single basis. As the price of raw materials rises, the quotations continue to rise. Driven by rising coke prices and rising costs, the quotations have risen one after another. At present, the inventory pressure of iron plants is not large. The steel market continues to improve, the market trading atmosphere is fair, and the merchants have strong bullish sentiment. It is expected that the pig iron will continue to run strongly tomorrow.

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