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Steel Prices Will Continue To Be Volatile In The Near Future
Sep 27, 2018

The main basis for Li Lijuan to make the above judgments is:

The National steel social inventories rose again after two consecutive weeks to decline. Monitoring data show that September 21, the National 29 key Cities steel Social inventory of 8.4645 million tons, from the previous week's rise to decline, compared with the previous week to reduce 135,900 tons, down 1.58%.

The National Steel Composite Price index is on the rise both in the week and year. Last week, the National Steel Composite price index reached 171.7 points, up 0.39% from a week earlier, up 6.59% from a year earlier. Among them, the long stock price index of 189.4 points, up 1.06% from the previous week, up 9.67% compared with the same period last year; The profile price index is 174.9, down 0.22% from the previous week, up 3.3% from a year earlier; the plate price index is 154.4 points, down 0.23% from the previous week, Rose by 4.49% over the same period last year, with a tube price index of 177.7 points, up 0.67% from the previous week, up 5.13% from a year earlier.

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Last week, the average price of various varieties of steel weekly and month-on-year mixed. Monitoring data show that as of September 21 (Friday), the domestic 10 major cities Ф25mmⅲ grade rebar average price of 4599 yuan/ton, compared with the previous Friday rose 37 yuan/ton, compared with the same period last month fell 38 yuan/ton. Domestic 10 major cities ф6.5mm, HPB300 High Line average price is 4902 yuan/ton, compared with the previous Friday rose 35 yuan/ton, fell 20 yuan/ton compared to the same period last month. The average price of 5.5mm hot rolled coil in 10 key cities in China is 4309 yuan/ton, which fell 10 yuan/ton compared with the previous Friday, and fell 92 yuan/ton compared with the same period last month. The average price of 1.0mm cold rolled rolls in 10 key cities in China is 4892 yuan/ton, which fell 5 yuan/ton compared with the previous Friday, and rose 11 yuan/ton compared with the same period last month. China's 10 key cities 20mm Medium plate price of 4436 yuan/ton, compared with the previous Friday fell 23 yuan/ton, compared with the same period last month fell 67 yuan/ton.