The total inventory of major steel varieties increased by 53 on Friday280,000 tons to 2487530,000 tons, of which the inventory of steel mills increased by 13550,000 tons to 723350,000 tons, an increase of 39730,000 tons to 1764180,000 tons. The rebar social treasury increased by 21270,000 tons to 946030,000 tons, the factory warehouse increased by 20310,000 tons to 372620,000 tons, the total inventory increased by 41580,000 tons to 1318650,000 tons;
This week's statistics show that the total output of steel mills continues to increase by 2730,000 tons to 847710,000 tons, rebar and hot coil production accounted for the main component, the pressure on steel mills increased, but the downstream terminal demand started less than expected, oversupply, market merchants are expected to fall, market transactions are sluggish, bearish steel trends.
According to the results of the C50 Wind Direction Index, the median value of new RMB loans by market institutions in February was 155 trillion yuan, compared with 181 trillion yuan; In addition, the median value of the new social finance in February was 24 trillion yuan, down from 3 in the same period last year16 trillion yuan.
At present, the impact of macro policies on steel products has weakened, especially the lack of confidence in market investment, the slowdown of credit and social finance, exacerbating the shortage of market funds, the progress of project investment has slowed down, and the demand for steel is facing a greater risk of contraction.
According to data from the General Administration of Customs on March 7, China exported a total of 1,591 steel products from January to February 202420,000 tons, a year-on-year increase of 326%。From January to February, China imported a total of 113 steel products10,000 tons, down 8 percent year-on-year1%。From January to February, China imported a total of 20,945 iron ore and its concentrate20,000 tons, a year-on-year increase of 81%。From January to February, China imported a total of 7,451 coal and lignite50,000 tons, a year-on-year increase of 229%。
With the recovery of the globalized economy, the demand for steel in the fields of construction, automobiles, machinery, energy and other fields continues to increase, and the increase in steel exports drives the development of related industries, which to a certain extent alleviates the downturn in the real estate industry to reduce the demand for steel, alleviates the amount of steel, and is good for the trend of steel.
Among the 24 markets for building materials, 9 markets fell 10-30 yuan tons, and the average rebar 20mmHRB400E was 3843 yuan tons, down 10 yuan tons from the previous trading day;
Among the 24 markets of hot coil, 4 markets fell 10-20 yuan tons, and 8 markets rose 10-30 yuan tons, 4The average of 75 hot-rolled coils was 3983 yuan ton, up 1 yuan ton from the previous trading day;
In the 23 markets of medium and heavy plates, 6 markets fell 10-20 yuan tons, 3 markets rose 10 yuan tons, and the average of 14-20mm medium plate was 4098 yuan tons, down 6 yuan tons from the previous trading day.
On the 7th, the main force of black rebar rose 1 to close at 3708, an increase of 003%；The main force of hot coil rose 9 to close at 3853, an increase of 023%；The main force of coking coal rose 7 to close at 1729, an increase of 041%；The main force of coke fell 45, closed at 2300, down 02%；Iron ore rose 16 to close at 890, up 183%。
Although it is the traditional steel consumption season, but there is no big over-the-top policy, the market sentiment has fallen, the current steel spot ** is more obvious, iron ore is very strong, the finished product is very weak, the main capital to do long iron ore, short thread, compress steel mill profits, many steel mills gross profit contraction, but the distance -300 will reduce production, the current steel traders to maintain a reasonable inventory, cash in the warehouse, downstream terminal procurement demand to start slowly, waiting for the real demand verification, is expected to tomorrow steel ** will be stable in a fall operation, The range is 10-30 yuan tons.