As national policies continue to be implemented, market demand for steel products continues to recover. Coupled with the increase in the resumption of work and production by steel companies, the demand for iron ore and double coke has increased. Coke has increased by 100-110 yuan in the first round, while imported iron ore has increased. Transportation volume fell, and cost-side support strengthened. On the other hand, social inventories have declined, and total inventories have continued to decline at a rapid rate. The fundamentals are good. What will be the price trend in the future?
Affected by the seasonal adjustment of shipments from Australia and Brazil, the total iron ore shipment volume has declined. Coupled with the impact of hurricanes at sea, ship transportation has been blocked, and the arrival volume of imported iron ore has decreased month-on-month. However, the profits of domestic steel companies have recovered and production enthusiasm has increased. , the resumption of work and production has increased, driving more iron ore consumption, port transactions have improved, and cost-side support has strengthened, which is good for steel price trends.
At present, inventory continues to decline month-on-month. Although inventory pressure is still there, as downstream terminal demand gradually starts, it also reflects the expected recovery of investment in the downstream market, driving market merchants to increase speculative inventory replenishment. At the same time, coke has been at a relatively low level after eight consecutive rounds of increases and decreases. China has begun to build coal energy reserves, boosting the sentiment of double focus. The double focus has bottomed out, coke has started its first round of increase, and raw material cost support has strengthened. The entire fundamentals have gradually moved towards the Good, good for steel price trends.
At present, macroeconomic policies are gradually releasing positive and positive signals. Coupled with the increase in the spot price of steel coils, the steel industry has increased its resumption of work and production, and the demand for iron ore and bifocals has increased. Port iron ore shipments have declined, and iron ore Cost support has strengthened. At the same time, double coke has bottomed out driven by the national energy reserve. Coke has increased by 100-110 yuan/ton in the first round. The overall market investment is expected to rebound. It is expected that the price of steel coils will be stable this week. The price is rising, with a range of 10-30 yuan/ton. Please make timely orders according to the inventory situation. If you have any demand for color-coated steel coils and galvanized steel coils, please contact us. We will provide high-quality, high-quality products and good services.
Price Prediction And Analysis Of Color-coated Steel Coils This Week
Apr 15, 2024
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