Under the contradiction between supply and demand and poor transaction, the steel market continued to weaken, and the iron ore market was also affected. Recently, iron ore prices have shown a rapid decline. Steel market prices have been upside down. Recently, WISCO announced the ex-factory price of its products in June, and some key product prices were lowered. Among them, the hot coil is lowered by 80 yuan/ton, the medium plate is lowered by 50 yuan/ton, the pickling is lowered by 80 yuan/ton, the cold coil part is lowered by 100 yuan/ton, and the other parts are lowered by 50 yuan to 100 yuan/ton. According to the statistics provided by my steel network, on May 15, a total of 10 major steel mills in the country issued price adjustment information, and the number of price adjustment steel mills continued to decrease, and prices fell across the board. Among them, nine steel mills in the above-mentioned steel mills adjusted the building materials, and the prices continued to fall. The reduction ranged from 150 yuan/ton to 10 yuan/ton. In addition, one steel mill lowered the price of the sheet, down from 80 yuan to 100 yuan / ton. According to the "Daily Economic News" reporter, in the past month, the domestic market prices of hot-rolled, cold-rolled, plate and other varieties have generally dropped by 100 yuan to 200 yuan / ton, and the prices of the leading steel mills around the country and the market prices are widely hung up. exist. Take Shagang Group, the largest private steel company in China, as an example. The ex-factory price of one of its products is 4,150 yuan / ton, but the market price is 4,060 yuan / ton or even lower, the price has been inverted. The data shows that on the 15th, the average price of HRB40020MM rebar in 25 major markets in the country fell by 17 yuan/ton from the previous day. The average price of 6.5mm high line in 24 major markets nationwide fell by 18 yuan/ton from the previous day. In response, China Steel Network analyst Qin Fenfen said in an interview with the "Daily Economic News" that the main reason for the current market price decline is the contradiction between supply and demand. "In order to speed up the shipment, merchants continue to lower prices to stimulate downstream demand, but Terminal demand is not bought; the pressure of imbalance between supply and demand is also transmitted to steel mills. Steel mills only lower the ex-factory price to attract merchants to order.†In fact, the weakness of the steel market is difficult to change in the short term. According to the market research of Lange Steel Information Research Center, it is expected that the price of domestic long products will continue to fall during this week (5.14~5.18), and the price of sheet metal market will stabilize slightly. “The late market is difficult to stop falling, and the steel market as a whole continues to weaken, unless downstream demand and steel mill supply have improved.†Qin Fenfen said. In the iron ore market, Yan Ping, an analyst with Baichuan Information Steel, said in an interview with the Daily Economic News that the continued weakness of the steel market has clearly affected the iron ore market. “The steel mills did not purchase or reduce purchases, the price of mine bidding was falling, and the Platts index was also falling, which led to a blow to confidence in the market.†It is understood that due to the downturn in the steel market, the enthusiasm of steel mills is not high, resulting in the demand for imported ore. Further weakened, imported ore prices continued to fall under the support of no demand and transactions. "At present, there are many negative factors in the market, and the business mentality is further deteriorated. Both buyers and sellers are cautious and wait-and-see, and the market is less traded." My steel network survey shows that the current mine bidding resources have increased significantly, but the general bids are lower and the market transactions are difficult. After reaching an agreement, the price of Australian mines and Indian mines also fell sharply. Data show that on May 15, the Platts index was 138.75 US dollars (62% Australian mine), compared with the end of last month, down 6.07%, down 3.96% from last week. Driven by the accelerated decline in the external disk market, the domestic port spot market continued to fall slightly, and the sales of individual varieties improved slightly. "The billet is currently priced at 3,640 yuan / ton, which is close to the low level of 3,630 yuan / ton at the beginning of the year, and the price of 63.5% of the Indian powder mine is 146 US dollars / ton. There is still room for downward adjustment in the raw material market," Qin Fenfen said. In the analysis of Zhang Lin of Lange Steel Network, the cost is firm and the steel price is falling. In May, the steel mill still can't get a difficult situation of meager profit or loss. “Steel mills will explore between market demand and capacity release. The decision is whether to increase production or reduce production. Steel prices will fluctuate around the industry's processing costs and the marginal cost of iron ore. It is difficult to find a breakthrough in the short term.â€
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