2024-10-17
Rebar in stock market supply and demand pressure increased, market sentiment weakened, short-term or volatile weak operation
Weak market sentiment dragged down, 17 midday, domesticsteel priceIt fell sharply. as of press time,Threaded steelThe main contract fell more than 4% in a day, with the intraday low approaching the price of 3300 yuan/ton.
In the view of Everbright Futures, with the National Day afterConstruction Steelin stock wait-and-see sentiment increased, market supply and demand pressure increased, steel mills tired library, and market sentiment weakened, short-term rebar futures prices or shock weak operation.
Specifically, on October 17,My steel netAccording to the data released, as of the week of October 17, domestic thread production increased by 78100 tons to 2.4407 million tons from the previous month, a year-on-year decrease of 121900 tons; social storage decreased by 193700 tons to 2.8301 million tons from the previous month, a year-on-year decrease of 1.7465 million tons; plant storage increased by 56000 tons from the previous month. 1.4401 million tons, a year-on-year decrease of 474900 tons. This week, the thread table needs to increase by 93400 tons to 2.5784 million tons month-on-month, a decrease of 419900 tons year-on-year.
"Thread weekly production rebounded for the eighth consecutive week, inventories fell slightly, tables needed to pick up, and the data performed generally." Everbright Futures Black Research Director Qiu Yuecheng commented.
According to his specific introduction, on the supply side, the profits of steel mills have fallen recently, but they are still at a relatively high level during the year. Steel mills are actively producing and thread production continues to pick up. On the demand side, after the National Day terminal demand failed to continue the pre-holiday level, wait-and-see sentiment increased, the national building materials transactions fell back to the low level of 100000 tons.
"Currently,Threaded steel in stockMarket supply and demand pressure has increased, some steel mills inventory accumulation. Market sentiment is weakening. Short-term thread disk oscillation is expected to run weakly." Qiu Yuecheng thinks.
Experts say the city-November 21
2024-10-21
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