Abstract
Into the November, all varieties of steel of the highest scale of social inventory week close to 1 million tons. Especially building materials inventory to smooth drive market optimism, leading to futures and spot prices rise faster than expanding basis, main rebar contract basis up to 300 yuan/ton. Then after weakening, the inventory at the end of 1111 basis began to shrink. In December, steel end of the season, the downstream demand will slow. The resulting had winter is expected under the environment of high inventory scale co., LTD. In December the spot market lack of positive factors.
From the point of final demand, domestic production and consumption more than expected to repair, and stable than expected construction activity, has supported on steel prices. Steel prices in December is expected weaker shocks.
Afternoon looking
The current domestic steel market supply and demand two prosperous. October steel production and demand are super market expectations. In November, the decline of the stock, market optimism upward, steel prices rose. Off-season enter December, steel market, stock performance is expected to slip, but can still maintain a stable, infrastructure and real estate activities and manufacturing expected optimism, is expected to demand the overall downward space is limited, steel prices or weak oscillation.
Post time: Jan-10-2023