Steel market price forecast on January 14

Rebar：On January 13th, the average price of 20mm three-level rebar steel in major cities across the country was 4,372 yuan/ton, down 18 yuan/ton compared with the previous trading day.Early yesterday, domestic construction steel prices continued to fall, but the recent decline slowed due to cost factors at northern steel mills.In the short term, on the one hand, the current spot price is still relatively high, the market's willingness to winter storage is weak, and there is still room for winter storage price;On the other hand, commodities suffered from the repeated epidemic, the U.S. agricultural data and the rebound of the U.S. dollar and other factors fell quickly, leading to the depressed mood of merchants, spot accelerated weakness.At present, the market presents the pattern of weak supply and demand, short-term spot still has downward pressure.Therefore, today's domestic construction steel prices are expected to continue the weak operation.

Hot-rolled coil: On January 13th, the average price of 4.75 hot-rolled coil in major cities across the country was 4,545 yuan/ton, down 12 yuan/ton compared with the previous trading day.Yesterday black commodity futures market shock down, the spot market mentality is weak, businessmen offer a small decline, after the market turnover is still not good.At present, the downstream stock readiness is not strong, and they are basically purchasing on demand. The market trading atmosphere is cold and the demand is gradually weakening. In operation, merchants still focus on shipment to reduce the inventory risk.With the arrival of resources in the later stage, the market inventory may accumulate, but the increase will not be too large, and the short-term market trend is still bearish.In general, short - term hot - rolled coil market prices are still weak shocks.

Cold-rolled coil: On January 13th, the average price of 1.0mm cold-rolled coil in major cities across the country was 5,581 yuan/ton, down 46 yuan/ton compared with the previous trading day.The overall performance of the spot market was poor yesterday.According to the market feedback, the recent arrival has increased, inventory continues to be tired.Merchants are mainly preferential shipments, and downstream procurement is mainly wait-and-see.Considering the current market bearish factors are still dominant, it is expected that the national cold rolling price is weak today.