Limited production storm can stabilize steel city?
In the 34th week of 2019 (2019.8.19-8.23), Lange steel’s national composite steel price index reached 147.0 points, down 0.49% from the previous week and 14.38% from the same period last year.Among them, the LGMI long material price index was 156.6 points, down 0.66% from last week and 17.17% from the same period last year.The LGMI profile price index was 158.3 points, down 0.35% from last week and 10.26% from the same period last year.The LGMI board price index was 135.3 points, 0.40% lower than last week and 13.31% lower than the same period last year.The LGMI tube price index was 159.4 points, down 0.27% from last week and 9.26% from the same period last year.
According to Lange steel cloud business platform, according to the monitoring data of 34 weeks in 2019 domestic original fuel parts of steel and steel products 17 class 43 specifications (varieties) of price changes are as follows: the main varieties of steel market price swings down, compared with last week, rose varieties decreased, flat varieties remain unchanged, falling a little increase.4 of them increased, 2 less than last week.10 were unchanged, the same as last week;29 varieties fell, 2 more than last week.Domestic steel raw material market shock consolidation, iron ore prices fell 25 yuan, coke prices remain stable, scrap prices rose 10-20 yuan, billet prices fell 50-90 yuan.
Figure 1 Lange steel price index change trend chart
At present,the prospect of a trade war with China remains unclear, but the central bank’s rate cut “DE facto” parts and upgrade again more stringent environmental protection measures to limit production, makes the hong kong-listed confidence restored, also makes the futures market presents the wide range of trends, while the downstream demand has been recovered, making steel social stock has been falling for two weeks, at the same time the production of steel has also fallen, makes the future supply of hong kong-listed less pressure, but at the moment, the downstream demand capacity is not obvious, hong kong-listed underpowered to rise again.
Overall, next week steel market will still show a steady decline in the situation. According to the weekly price prediction model data of Lange steel cloud business platform, next week (August 26-august 30, 2019.19), the domestic steel market price will decline in stability, the long material market price will decline in stability, the profile market price will decline in stability, the plate market price will decline in stability, the tube market price will decline in stability.Lange steel’s national composite steel price index is expected to fluctuate around 146.6, and the average price of steel is around 4030 yuan, with an average fluctuation of 10-30 yuan.Among them, the long material price index is expected to fluctuate around 156.0 points, down 0.6 points;The profile price index is expected to fluctuate around 158.0, down 0.3 points.The panel price index is expected to fluctuate around 135.0 points, down 0.3 points.The index is expected to fluctuate around 159.4.