Weekly market review of section steel (2021.6.11-6.18)

This week (January 6, 2021 to June 18, 2021), the mainstream prices of China's section steel market consolidate and weaken. Due to the overall poor performance of billet prices and futures disks, the overall spot market has a strong bearish sentiment, and merchants' quotations are mostly loose shipments. At present, the national average price of corner troughs in mainstream cities in China has fallen by 50-60 yuan/ton from last week, and the national average price of H-beams has fallen by 40-50 yuan/ton from last week.

For next week: 1. At the current stage, long and short process companies have different levels of production reduction and maintenance plans, so the follow-up market supply may be slightly tight. At the same time, due to the strong performance of raw material prices, steel companies may begin to hold a firm attitude towards the ex-factory price under the condition of continuous compression of profits.
 2. Recently, most of the resources arriving in the market are low-priced resources at the beginning of the month, and most of the high-cost resources in the warehouse are converted. However, at this stage, most regional merchants still have high inventory resources. Therefore, the willingness to continue low-priced sales has begun to gradually decrease. Most of them stayed on the sidelines.
3. The recent market performance is not optimistic. In addition, the financial market fluctuates up and down, and the overall market mentality is different. However, as far as June is concerned, most of the merchants are bearish, so the spot market is still loose in the short term. It is generally estimated that the domestic steel market prices may fluctuate in a weaker position next week.
 

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