After the steel industry prices fell

Date：2020-02-11Source：ManagerFollow：

Since February 3, the steel industry began to resume the quotation, because of the outbreak of concern, the quotation fell, but basically no transaction, the current market is still in the situation of no market.

According to the rework date after the normal festival, February is basically the construction gap period. Construction personnel will return around the 15th day of the first lunar month at the earliest, and the normal start period of demand will be in the middle of march at the earliest. However, the outbreak only delayed the return trip, and there is still a certain time gap between the scheduled mid-march, so the current price decline is not entirely caused by the outbreak, but the market itself is in a self-adjusting period.

The most concerned after the holiday is the inventory change. As of February 6, the national stock of rebar was 8.51 million tons, 2.54 million tons more than before the festival, 1.98 million tons less than that at the beginning of February 2019. The social stock of wires is 2.81 million tons, an increase of 1.09 million tons over the pre-festival period and 320,000 tons more than that at the beginning of February 2019. Taken together, the inventory pressure is not great.

On the whole, the spot market is still in stagnation. Although the quotation of some merchants has fallen, it is basically a situation of no market. It is expected to recover gradually after 10 days.