February 12 market analysis and forecast for the next week--STEEL COIL
This week's New Year's start is red, and the overall rise expected next week
Iron ore: Iron ore is on a solid run this week. At present, the overall situation of supply and demand is weak, and the resource shortage is high. Still, the demand for production of steel companies is limited, the acceptance of high prices is low, and the market is in a stalemate. Furthermore, due to many production stoppages in the pellet market, the price of the primary pellet market is about RMB1,500. Therefore, it expects the iron ore market to be stable and robust next week.
Scrap: This week, the national scrap was stable and robust. At present, the finished product end of the billet is rising, the overall demand for scrap steel increases after the holiday, and the price of scrap steel also increases at different rates. However, affected by various factors, the price increase will not last for too long, and the range is limited. Under the influence of policies, the uncertainty is too high. It expects that the overall scrap operation will be robust next week.
Steel billet: This week, the national steel billet price was stable and on the solid side. At present, there is a lot of uncertainty in environmental protection and production restrictions, and the actual market demand has yet to recover, so there is a specific resistance to the substantial increase in billet prices.
Coke: The domestic coke market was weak this week. Affected by the environmental protection policies of the Winter Olympics, some coke enterprises have tightened production restrictions, and coke enterprises have accumulated warehouses to varying degrees, primarily focusing on active shipments. Affected by environmental protection policies, the production limit of steel mills has been increased again, and the demand for coke has continued to weaken. Therefore, it expects the coke market to have downward pressure still next week.
Hot-rolled: The mainstream of the national hot-rolled coil market is strong this week. Under the combined support of the limited production of the Northern Winter Olympics, lower social inventory than the same period, and steady growth expectations, the black sector will still have strong resilience, and iron ore prices will have some support; at present, the downstream terminals have not fully started, and demand needs to recover. It can return to normal after the 15th day of the first month. It expects the hot-rolled market first to weaken and then strengthen next week.
