On the 15th, most major domestic products fell. Among the main varieties, the average price of hot-rolled coils closed at 4,020 yuan/ton, down 50 yuan/ton from the previous week; the average price of medium and thick plates closed at 3,930 yuan/ton, down 30 yuan/ton from the previous week; the average price of H-beam steel closed at 3,930 yuan/ton, down 30 yuan/ton from the previous week; It closed at 3,710 yuan/ton, the same as the previous week; the average price of welded pipes closed at 4,370 yuan/ton, the same as the previous week.
On the supply side, some steel mills undergoing preliminary maintenance have resumed production one after another, and output has gradually recovered. In terms of demand, the characteristics of the off-season are gradually emerging, and after the cold wave hits various regions across the country, construction conditions further deteriorate after snow begins in some areas, which is not conducive to project advancement and has an impact on demand. Thread factory warehouses and social warehouses are both overstocked. The demand for hot coils has declined this week, and the extent of destocking has also significantly narrowed. On the whole, as the off-season deepens, there are signs that fundamental contradictions in steel have begun to accumulate. After the macro-expected effect gradually weakens, the market will gradually return to the basic focus. After the meeting, steel prices are expected to be under pressure.
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Post time: Dec-18-2023