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The risk of re-entry into the sawing state of the domestic steel market is to be released
The "heart-type" market is difficult to change the characteristics of the "platform period" of the domestic steel market. From the bullish mindset to the wait-and-see attitude, the transition between them is extremely fast. According to the latest market report provided by the well-known steel information agency “My Steelâ€, with the surge of steel prices, the domestic steel market re-entered the “saw-saw†state, and the risk of early agglomeration needs to be released. According to relevant monitoring data, in the past week, the trend of domestic steel products (4804, -102.00, -2.08%) in the spot market has generally weakened. Some analysts believe that the rise in steel prices in the previous period was mainly driven by factors such as the increase in ex-factory prices of steel mills, the upward trend of futures markets, and the restriction of electricity in some regions. The bullish attitude of merchants has become heavier. In addition, the market inventory in the previous period continued to decline, and market confidence was boosted. However, as steel prices rose to a high level, market demand began to weaken, high-priced steel resources were not well sold, the market quickly turned into a wait-and-see atmosphere, the price stabilized, and some merchants with strong willingness to ship slightly cut prices. Shipped. According to analysis, after the “May 1st†holiday, the domestic construction steel market once rose as a whole, but the trend of the first rise and then the decline is cause for concern. Overall, the early sales were better, the inventory decreased, and the relatively low-priced inventory was significantly reduced. However, the “new goods†with relatively high cost of holding goods will enter the market one after another, and the market divergence will increase. How to change the demand remains to be seen. Confidence in the market is also a test. The domestic hot-rolling market continued to maintain a consolidation pattern. Under the circumstance that the price inertia “pulled upâ€, the release of demand was generally poor, and the market wait-and-see mood became strong. The market for cold-rolled coils also fell slightly after a period of high. At present, terminal demand is unlikely to have a substantial pull on steel prices, and the steel market does not have a solid foundation. The downstream industries such as automobiles and home appliances have slowed down. In April, the export orders for domestic cold-rolled products decreased, and the effective demand follow-up situation was not good. These all inhibited the digestion of cold-rolled stocks to a certain extent. Of course, for the short-term market, you can't be overly bearish, and the bottom support of cold-rolled coils still exists. Industry analysts believe that the excessive rise in steel prices in the previous period has caused the potential risks of the market to gather rapidly. For the steel market at the moment, "it should not be too optimistic, nor be too bearish." In the middle and late April, the social stock of steel was effectively digested to a certain extent. This is a fact. However, the overall characteristics of the “platform period†of the steel market have not changed. The short-term fluctuations in steel prices should be observed and analyzed in the overall supply and demand environment to grasp the essence.