Steel world network daily review:
On the weekend, China and the United States reached a consensus not to fight a trade war, which is expected to have a positive impact on commodity futures this week. Hong kong-listed till now, due to large current profit margins of per ton steel, steel mills production enthusiasm continue to increase, the late supply pressure rise significantly, but the past week steel social inventory continues to fall, in the short term there is no large inventory pressure, steel price is expected to short-term there are still support.
1. Xinhua news agency: in the past week, the domestic spot steel price composite index closed at 152.8 points, up 0.47% in a week. At present, the overall situation of steel market is: because of the large profit space of the current steel plant, its production enthusiasm is stronger. In view of the market replenishment enthusiasm, due to the high price, the high cost of the goods, merchants order relatively cautious.
2. Chinese securities: the price of steel billet has been rising steadily in the past week due to the impact of the new round of energy conservation and emission reduction in tangshan. Coke price also completed a new round of increase, the recent cumulative increase of 150-250 yuan/ton. Although raw material price rises, steel industry person thinks, the steel price in the short term will be concussion adjust primarily.
Steel prices floating floating directly lead to the cost of steel products, so in steel prices stable stage, going into the first, is better than the current steel situation, the price may be the rise in the future