The trend of hot rolled coil, plate and welded pipe

First, the price of hot coils rose from 3780 to 3840 in February. It hit a high of 3850 in early February, but then entered a weak trend. It has slowly rebounded to 3840, approaching the monthly high of 3850.

In terms of inventory, in early February, the inventory of hot rolled coil in major cities nationwide increased by nearly 140,000 tons.

On the demand side, although the decline in automobile sales data has caused the market to worry about the demand for sheet metal, with the implementation of the national automobile going to the countryside policy, automobile sales data is expected to stop the downward trend, and the demand for sheet metal in the automotive industry is expected to recover. The coils form a support.

Second, the plate trend
The price of plate is stronger than that of thread and hot coil. It rose from 3980 to 4050 at the beginning of the month and remained at a high level. The demand for steel plate is less affected by the rainy weather than the thread and hot rolling, so that the price trend in February is stronger than the thread and hot coil. In addition, the accumulated inventory has also led to its price operation.

Third, the trend of welded pipe
After the national welded pipe price rose from 4,180 to 4,240 in February, it remained at a high level and fluctuated and oscillated above 4,200. The spot traders are cautious, and the overall transaction this month is generally average, and the terminal demand has not really recovered.

Judging from the trend in February, the game of cumulative inventory growth and demand-driven factors dominated the trend of steel prices, and the demand delay caused by rainy weather dragged down the recovery of the steel market in February.

From the perspective of demand, the market has different views on real estate in the first half of 2019, and there is uncertainty in when the investment demand for infrastructure will be honored. However, the rainy weather in the south will not last forever. The so-called "sunshine is always after the storm", the demand will not continue to be weak. In February, the steel market is overcast, can it be significantly improved in March?

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