Domestic steel price decline significantly iron ore market increase increased

Domestic spot steel price decline slightly more obvious, steel mill profits than before the contraction, but downstream demand in general is still within the normal range.

Iron ore market has risen overall, but to a certain high, there are also signs of wandering concussion. In the last week, the domestic spot steel price composite index closed at 147.35 points, a week down 1.09%. Among them, the price of construction steel fell, the country's main market mainstream specifications rebar varieties of the average price of 4132 yuan per ton, a week down 74 yuan. Hot Rolled plate coil prices fell, the country's major market mainstream specifications hot rolling products market average price of 3967 yuan per ton, a week down 41 yuan.

The price of medium and thick plate fell, the country's main market mainstream specifications PU plate average price of 4048 yuan per ton, a week down 37 yuan. Spot steel Market in the background of price decline, low-priced resources are relatively slightly better transactions, business operations are more cautious.

In May, domestic steel mills were largely at full capacity, steel production remained high, while steel mill profits were compressed by falling steel prices and rising costs. Iron ore market as a whole upward. According to the latest report of the "Western Shinkansen", the price of steel raw materials in May as a whole is the upward trend, of which, the domestic iron powder ton price of one months rose about 50 yuan, 62% grade imported iron ore price per ton one months rose 7.15 dollars. For now, the fundamentals of the iron ore market are showing signs of weakening as domestic steel mills have slowed in demand for ore restocking.

However, the arrival of some varieties is difficult to restore to the annual level of the same period, iron ore port inventory is still difficult to significantly improve, mining market even if there is adjustment, will be a high shock situation. Relevant institutions analysis that after entering the June, the south is about to enter the rainy season, the low-season effect of the steel market will be further revealed, and the pattern of strong demand for weak markets is more difficult to change. However, the factors of inhibition and support coexist at the same time, and the operation of the steel market will enter the stage of alternating complementarity between the "high downlink" and the "low support".

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