The role of Guangxi Pingxiang settlement observation board

Description :

　　The role of Guangxi Pingxiang settlement observation board

　　Affected by the repeated naming by the National Development and Reform Commission, the price of iron ore plummeted by 5.90% on February 9th, driving the prices of black series to fall across the board. Among them, the prices of rebar and hot coil ended their consecutive rise, falling by more than 1%.

　　After two consecutive days of price increases after the holiday, the trend showed signs of fatigue on February 9th. Most of the cities have stable prices for rebar, with only a few cities in northern regions experiencing slight increases in production restrictions. The prices of hot-rolled coils and cold-rolled coils have remained basically unchanged. In recent days, most construction sites have not started work, and the central and eastern regions are experiencing heavy rain and snow. The steel market has hardly seen any major transactions, and steel sales have not yet returned to normal.

　　At present, the demand for steel in the market has not yet started. How to make a judgment on the future trend of steel prices? Today we will focus on conducting some analysis from the supply side.

　　Let's talk about steel inventory first. Someone asked why steel inventory hit a new low in recent years after this year's Spring Festival? This also needs to start with the change in the business model of steel traders. After the sharp rise and fall in steel prices last year, steel traders unconsciously changed their business model, shifting from making money by pressing goods to fast in and fast out, making stable and fast money. Hehe, I've become even smarter.

　　By analyzing the winter storage data of steel from the end of last year to the beginning of this year, did we discover some clues. Why do most steel traders not want to carry out winter storage of steel? It's still due to the change in business model. I don't want to take the risk of overstocking and throw the risk onto the steel mills. So the problem is, once the steel demand in March falls short of expectations, if steel mills take the lead in running, the decision-making power will no longer be in the hands of steel traders, and steel mills may become the dominant force in the sharp decline of steel prices. This is what will happen later.

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• Guangxi Pingxiang Settlement Plate