The hottest steel inventory reached a new high, an

Steel inventory re innovation high steel factory still secretly rises the ex factory price of all products

steel inventory re innovation high steel factory still secretly rises the ex factory price of products

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Guide: affected by factors such as the higher interest rate of the central bill, the increase of the reserve ratio, the tightening of credit in the steel industry (mainly for the high inventory of traders) and the cooling of large areas of rain and snow, Steel prices were suppressed in the short term. However, the mentality of the steel plant is still calm, and the ex factory price changes little. We expect that steel prices may remain before the Spring Festival

influenced by the higher interest rate of central bank bills, the increase of reserve ratio, the tightening of credit in the steel industry (mainly for the high inventory of traders) and the cooling of a large area of rain and snow, steel prices were restrained in the short term

however, the mentality of the steel plant is still calm, and the ex factory price has little change. We expect that the steel price may still be weak before the Spring Festival. After the stock is digested after the holiday, all kinds of adverse factors are digested. The operating rates of real estate, infrastructure and so on are up. Under the stimulation of demand, the steel price will perform again, and the overall upward trend of steel price remains unchanged

specifically, steel futures prices continued to fall last week, down 2.30% from the previous week, to the low point since December last year; It is expected that the market outlook will be weak and volatile in the short term. Domestic spot steel prices also fell last week

however, the new price policy issued by steel mills this week has been mixed

according to media reports, Angang Steel and WISCO have also released their respective ex factory prices in February in the form of "internal notice". The increase range of Angang Cold rolled products ranges from 50 yuan/ton to 230 yuan/ton, and the prices of some products have been reduced; The settlement price of WISCO in February achieved "dark rise" in the form of reduced preferential margin

from the perspective of raw material cost, the price of raw materials fell back slightly last week

among them, the average price of iron ore in major domestic mines was 797.14 yuan/ton, slightly down 1.43 yuan/ton from the previous weekend; 7. Clamps: the price of imported iron concentrate powder in Hong Kong also fell slightly, with the price falling by 10 yuan/ton compared with the previous week

it is noteworthy that the steel inventory of national distributors reached a new high. The total inventory of long materials and plates in major cities across the country was 12.34 million tons, an increase of 380000 tons over the previous week, reaching a new record high; Among them, the long material inventory was 6.35 million tons, a record high of 230000 tons higher than the previous week, while the total plate inventory was 6.99 million tons, rebounding significantly, only one step away from the denial peak of 7.02 million tons in October last year

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