In today's Shanghai construction steel market, the prices of Q550D steel plates have been strongly consolidated, and sales have increased month-on-month . Summary: Futures fluctuated, and the spot was gaining momentum. Prices are strong and demand is not weak.
The domestic demand for steel in the first half of November is still acceptable. Even if the Northeast region may gradually stop construction sites as the temperature drops, the rush of infrastructure construction in other regions is sufficient to make up for this loss. In addition, the recent decline in inventory has brought confidence to manufacturers. Steel prices may remain stable in the first half of November, and it is difficult for them to decline sharply for the time being.
One week after October, steel prices were generally stable, entering the heating season in November, early warnings of heavy pollution in many places were gradually opened, downstream transactions were acceptable, and steel was generally in the stage of destocking. At present, steel mills have a certain willingness to price, and short-term steel prices Support, is expected to remain stable next week, is expected to go out of the high and low market.
Looking back this week, the overall volatility has been modest. There was a steady rise on Monday, and a mixed performance on Tuesday. On Wednesday, building materials were stable and strong, and the sheet material was stable and weak. They rebounded slightly on Thursday and fluctuated in a narrow range on Friday. The average weekly rebar price in major markets across the country rose 21, the average HRC price rose 3 weeks, and the average plate price fell 13 weeks. Futures are divergent, with long strong and weak weak. The snail week rose 70, and the hot volume fell 11.
Next post: Q550D steel plate rebounds at a low level
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