asiangameslivestreaming| Forecast: Steel prices will go like this next week...

Source: steel price

Forecast of steel price trend next week

The overall steel market shows a volatile trend this week.AsiangameslivestreamingIt is mixed, and the market trend is more complex and volatile than last week. In the raw material market, iron ore prices have fallen slightly, coke prices have risen, scrap prices have risen slightly, and billet prices have declined slightly. In the face of such a market background, how will steel prices be interpreted next week?

I. the main factors affecting the steel market

1. The operating rate of construction machinery has rebounded steadily.

In the first quarter of this year, China's construction machinery market gradually warmed up, especially hoisting equipment and excavation equipment as a whole to maintain a high operating rate. According to statistics, the national construction machinery operating rate reached in March.Asiangameslivestreaming55.Asiangameslivestreaming.52%, a significant increase compared with the previous two months, which will contribute to the further release of steel demand.

2. Automobile trade-in policy helps the market

The government's car trade-in subsidy policy encourages consumers to scrap old cars and buy new ones that meet energy-efficient requirements. This policy will stimulate consumption in the automobile market, which in turn will lead to demand growth in the iron and steel industry.

3. The impact of the international market should be treated with caution.

Us inflation rose moderately in March and the Fed is expected to keep interest rates unchanged for some time to come. Although the Federal Reserve has not yet cut interest rates, fluctuations in the international market may still have a certain impact on the domestic steel market, which requires close attention.

2. analysis of the trend of the spot market

The rebar market is narrowly up this week, but the actual demand is still low and the steel mills are weak. It is expected that next week, with the continued strength of Shuangjiao prices and the high volatility of iron ore prices, rebar prices will show a steady downward trend.

Hot roll market fell narrowly this week, raw material prices are still high, forming a certain support for spot prices. However, before the festival, the downstream replenishment of the plate is coming to an end, the market risk aversion mood is rising, and hot volume prices are expected to fall slightly next week.

The overall strength of the medium board market this week, but high inventory is still an important factor to restrain prices. Downstream demand is weak, downstream replenishment is cautious, it is expected that the plate price will fall slightly next week.

The strip market adjusted narrowly this week, with total inventory at a high level and sales and production down slightly. Coupled with the fluctuation of the disk price, the market is cautious in trading, and it is expected that the strip price will be stable and weak next week.

The profile market is weak at first and then strong this week, but the actual demand is insufficient, and most of them are complementary stores among traders. Billet support is insufficient, and profile prices are expected to fall steadily next week.

The pipe market is mainly stable this week, the factory warehouse is at a low level, but the terminal transaction has declined slightly, and the pressure on the market to go to the warehouse is greater. Pipe prices are expected to run steadily and weakly next week.

III. Analysis of the market trend of raw materials

Billet market rose slightly this week, downstream cost pressure has been alleviated, which is good for the finished product market. However, the overall inventory downstream is high, replenishment is limited, billet prices are expected to fall slightly next week.

The iron ore market rose slightly this week, but hot metal production is still low year-on-year and real demand is weak. The market is dominated by funds, and the upside space is limited. It is expected that mineral prices will fluctuate next week.

The coke market is running strongly this week, the profits of steel enterprises have rebounded, the enthusiasm of production has increased, and the demand for coke has increased. Coke inventory is gradually declining, replenishment demand is prominent, coke prices are expected to be stable and strong next week.

Scrap market is stable and strong this week, electric arc furnace storage and resumption of production action, demand is expected to increase. However, the disk shock operation, transactions are declining, scrap prices are expected to show a small drop in space next week.

The pig iron market continued to rise this week, with higher raw material costs, but low downstream demand or restrained prices continued to rise. Pig iron prices are expected to rise narrowly next week.

IV. Comprehensive point of view

This week, the variety differentiation of the steel market is obvious, the raw material market is relatively strong, and the finished product market is general. Judging from the current market situation, the upward driving force of steel prices mainly comes from the support of Shuangjiao and iron ore prices. However, taking into account the impact of holiday factors and market sentiment, the market may show a volatile adjustment trend in the short term. It is expected that steel prices will show a slight correction next week, the range of which may be between 10 and 30 yuan.