Steel Price on November 30

Rebar: On November 30, the average price of 20mm grade 3 rebar in 25 major cities across the country was 4,099 yuan/ton, down 14 yuan/ton from the previous trading day. From the perspective of transaction, the weakening of spot futures prices affected the market mentality, and most merchants reported that the transaction was relatively weak yesterday. In terms of production, with the recent improvement in the profitability of construction steel production, steel mills have increased their willingness to produce. However, considering the impact of limited production during the heating season, it is expected that the room for production recovery is limited. From the perspective of inventory, last week, the construction steel factory inventory turned from a decline to an increase, the decline of the social inventory narrowed, and the overall inventory removal rate continued to slow down. In terms of demand, as the weather in the north turns cold, the pace of downstream construction has slowed down significantly, and the demand in the south during the construction period continues to release limited incremental space. Under the off-season effect, the demand for terminal steel may continue to weaken. On the whole, considering that the apparent consumption of construction steel continues to decline, and the market is afraid of high-priced resources, merchants are actively cashing out shipments and are in a strong mood for security. It is expected that domestic construction steel prices may fall in the short term.

Hot rolled coils: On November 30, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 4146 yuan/ton, an increase of 8 yuan/ton from the previous trading day. At present, there are not many market resources. Merchants with more inventory basically focus on shipments. Merchants with less inventory basically wait and see. This has also led to the polarization of market quotations. Yesterday, East China still maintained the quotation due to fewer arrival resources. At the high level, the southwestern region has increased due to the increase in steel mills and the lack of stock in the market. The increase is the highest in all regions, but the price difference is still lower than that of East China. At present, the northeast resources are mainly used for the northeast resources, and the arrival resources are basically long-term resources. Because the steel mills have high order prices, the market is not willing to receive bulk orders, and short-term inventory is still difficult to effectively accumulate. The price is expected to remain Mainly maintain a high level of shock.