The domestic steel market has a strong wait-and-see atmosphere: it is difficult to have a "directional sense" for a short time.

After domestic steel prices experienced a wave of “unilateral decline” prices, the quotation began to “differentiate”, and “variations and dips” between various varieties and regions. According to the latest market report provided by the well-known steel information agency “My Steel”, the “wait and see atmosphere” in the domestic steel market is still very strong, and it may be difficult to have a clear sense of “direction” in a short period of time.

According to monitoring, in the most recent week, the domestic spot steel market performed more confusingly and the quotes were mixed. Among them, the prices of hot-rolled coils fluctuated in a narrow range, and the prices of plate, cold-rolled and profile materials fell inertially, and the tonnage price fell between 20 and 50 yuan. "The decline has narrowed compared to previous years." People in the market reported that due to the obvious price drop in the previous market, market stocks have been consumed to a certain extent. In some regions, the resources are relatively tight on individual varieties, which plays a certain role in supporting the market. “Partially out of stock” Businesses began to hike and reluctant to sell." However, a considerable number of merchants believe that as the weather turns cold, the support of market demand will continue to weaken, and there will be no obvious improvement in late-stage transactions. Merchants should still rely mainly on shipping.

According to analysis, domestic construction steel prices have stabilized, but the downstream demand is still "not ideal". In order to avoid market risks, some dealers are still "actively asking prices" to obtain goods. The wait-and-see atmosphere in the market is relatively strong and the business mentality is generally cautious.

The hot-rolled coil market maintains a consolidation trend. Most businesses choose to “hold the currency” and the overall market turnover is fair. Some low-cost resources are still available. From the “dynamic tracking” of market prices, it can be seen that after the early hot-rolled ton price “broken down” the “support level” of 4,000 yuan, the market price bottomed out and the performance of the Tianjin market was particularly evident. However, once the mainstream price rushed to the price of 4,250 yuan, the transaction quickly weakened. According to a survey conducted by the relevant agencies, the production line for overhauling or reducing production of hot-rolled steel mills in China in November affected production of about 750,000 tons.

The market of cold-rolled coils fell slightly, and the overall transaction was bleak. The “bearish sentiment” in the market was strong. Some analysts believe that the current cold-rolling quotation in the domestic mainstream market is basically maintained at the level of the steel plant's cost line. Although businesses have a strong desire to pull up, in order to obtain a certain "margin profit", but the economy, Demand and funding conditions are "difficult to give effective cooperation." In addition, the outlook for Europe's economy is not optimistic, and it also has a negative impact on China's exports of cold-rolled products, and may last longer. According to the latest data, China's cold-rolled exports fell 2.5% month-on-month in September, and China's cold-rolled product exports have declined for three consecutive months. According to market feedback, export orders for cold rolled products in China in October are still not satisfactory.

Analysts of relevant institutions believe that, overall, the wait-and-see sentiment in the domestic steel market is still relatively clear, and both long and short sides continue to play a game. In the short term, it is difficult to have a clear sense of “direction”. The market lacks conditions for sharp rises and falls and can only continue. In a narrow range of shocks.