Prediction: The trend of steel prices next week has been set!
This week has been an extraordinary week. Just after the Winter Olympics ended, the situation in Russia and Ukraine escalated, triggering the biggest turmoil in the world in recent years. According to the content of the China Steel Network APP, the Russian-Ukrainian war, the global stock market “earthquake”, and the black futures fluctuated and fell. Recently, the real estate market has continuously released positive signals. Iron ore continues to be concerned by the two departments. The price is under pressure. The steel inventory has increased month-on-month and slightly decreased year-on-year.
Construction steel
This week, the mainstream of the building materials market was strong and then weak. The prices of building materials continue to fluctuate. Since the resumption of work in the Spring Festival market, the price of steel has continued to fluctuate. Market merchants have been more cautious, and low-priced resources have frequently appeared. The terminal is affected by the shortage of funds and poor weather.
The demand for construction sites has not yet started on a large scale. Bad condition. This week, the national statistical warehouse inventory of threads: 9,652,800 tons, an increase of 797,800 tons, a month-on-month increase of 9.01%, a decrease of 2,566,800 tons compared with the same period last year, a year-on-year decrease of 21.01%. This week, the national statistical warehouse inventory of wire rods: 2,398,700 tons, an increase of 137,900 tons, a month-on-month increase of 6.10%, a decrease of 780,100 tons compared with the same period last year, a year-on-year decrease of 24.54%. Inventory accumulation is still under pressure.
This week, the weekly output of rebar was 2.7355 million tons, an increase of 175,700 tons, a month-on-month increase of 6.86%, a decrease of 453,700 tons compared with the same period last year, a year-on-year decrease of 14.23%, and the end of the Winter Olympics. The Olympics are approaching, and the North may still face production restrictions. Since 2022, real estate credit policies have been adjusted in many places, including policies such as the reduction of the down payment ratio for the first and second homes, the policy on the real estate demand side has been relaxed, and the terminal capital situation is expected to improve in stages. At present, the steel market presents a pattern of double increase in supply and demand. When the recovery strength of supply and demand is not obvious, it is expected that the subsequent price trend of building materials will still be adjusted within a range.