Steel market price forecast on October 13

Rebar: On October 12, the average price of 20mm grade 3 rebar in 25 major cities across the country was 3829 yuan/ton, an increase of 13 yuan/ton from the previous trading day. Yesterday, the ex-factory prices of steel mills in some parts of the country continued to push up. In the morning, domestic construction steel prices continued to rise slightly, and the upward trend has narrowed. From the perspective of transaction, the transaction of high-priced resources in the market was blocked, and most merchants reported that the overall transaction had slowed down. From the current point of view, the recent downstream procurement demand has increased, and prices have risen rapidly after the holiday. At the same time, some businesses have begun to realize profits after the price has risen rapidly. It is expected that the price of domestic construction steel will continue to fluctuate strongly in the short-term, and it is also necessary to be wary of rising prices and falling prices risk.

Imported ore: On October 12, the imported iron ore market fluctuated slightly. Qingdao Port 61.5% Australian PB fines reported 905 yuan/ton, down 4 yuan/ton from the previous trading day; 62.5% PB lump ore reported 976 yuan/ton, unchanged from the previous trading day.

Coke: On October 12, the coke market was on the strong side, and the fourth round of increase of 50 yuan/ton basically landed. At present, coke companies are highly motivated to produce and order shipments are good; the downstream steel market prices are going strong in the short term, and some coke is still in demand for replenishment, and most of them said that they are waiting for the market outlook; port inventory continues to decline, traders are cautious in purchasing, and trade resources The quotation rose slightly. On the whole, it is expected that the spot price of coke will continue to be strong, and we need to continue to pay attention to the dynamics of steel mill blast furnace start-up and capacity replacement.