Steel stocks have fallen in price, but raw materials have risen. Will steel prices rise sharply in mid-August?

Last week (8.3-8.7), domestic steel prices fluctuated, and the overall performance was first rise and then fall. After the central Politburo meeting set the tone last weekend, after the weekend’s policy interpretation and interpretation, the rapid fermentation at the beginning of the week laid the foundation for steel The tone of the market opening in August.

In addition, the National Bureau of Statistics and the Caixin Manufacturing PMI Index reached four-month and nine-and-a-half-year highs respectively. The domestic economic recovery expectation was confirmed, which triggered a long-term sentiment in the capital market, and the stock futures both rose together. The peak of the snails was near the 3900 yuan integer mark, with a weekly increase of 126 yuan, and iron ore broke through the 900 yuan integer mark, reaching a maximum of 915 yuan, which is a new high since July 22, 2019.

The steel billet performed eye-catchingly, breaking through the high point of the year, rising all the way to nearly 3,500 yuan, with a cumulative increase of 70 yuan, and the price increase of finished steel products also ranged from tens of yuan. However, the overall increase was far less than that of steel futures.

Approaching the weekend, with the digestion of positive information and the rapid increase in the market, the futures prices have repeated themselves. The rise and fall of the market have re-interpreted. Spot prices have stopped rising and stabilized, and some regions and varieties have shown signs of loosening. Market transactions turned from strong to weak, and cautious wait-and-see sentiment increased slightly.

As of August 7, 2020, the steel composite price index reached 148.6 points, up 1.38% from last weekend, and down 0.52% from last year; the long product price index reached 156.8 points, up 1.63% from last weekend, and down 2.41% from the same period last year ; The plate price index reached 140.6 points, 1.53% higher than last weekend and 2.94% higher than the same period last year.

Construction steel: In terms of specific spot prices, according to monitoring data, as of August 7, the average price of Φ25mm grade 3 rebar in 10 major cities in China was 3797 yuan, up 55 yuan over the weekend and 94 yuan over the same period last month. As of August 7, the average price of Φ6.5mm and HPB300 high-line prices in 10 major domestic cities was 4,083 yuan, an increase of 64 yuan from last weekend and an increase of 121 yuan from last month.

Monitoring data shows that as of August 7, the social inventory of construction steel in 29 key cities across the country reached 9,089,500 tons, a decrease of 203,500 tons from last weekend, a 2.2% increase from the same period last month, and an increase of 2.84% from the same period last year. 29.04% higher.