The three major central banks in the world have unanimously released loose profits, which will help the spot steel market to stabilize in the medium and long term, but it is difficult to "seek immediate results" in the short term. At present, the domestic steel market continues the momentum of price reduction shipments. According to the latest market report, in the tough market environment, the domestic steel trade industry needs to be structurally adjusted to improve the industry's credit and reduce transaction costs.
According to monitoring, the current domestic spot steel market is difficult to change, the comprehensive price index continues to fall, and the decline has slightly expanded. Although the three major central banks in the world have unanimously released loose profits, the “direct response” of the steel market is still relatively flat, and market confidence is still difficult to boost. Market participants believe that the three major central bank actions reflect the grim situation of global economic growth. In the case of high steel production and insufficient demand growth, most steel market merchants continue to choose to cut prices to ship. In the plate market, the weakness of the plate price is difficult to change. The prices of leading markets such as Shanghai, Beijing, Tianjin, and Guangzhou have fallen, while the declines in Jinan, Chengdu, and Zhengzhou have increased, demand has generally been sluggish, and transactions have been light. The contradiction of the market is that the resources of new arrivals are increasing, and the consumption is in the off-season. The pressure on some merchants with higher inventory is increasing, the price is lowered, and there is still room for bargaining in actual transactions. The central bank's interest rate cut is conducive to alleviating the market's funding, but for a time it is unable to reverse the imbalance between supply and demand in the market. The turnover in the hot rolling market is still light. In order to alleviate the pressure of inventory, steel mills around the country are increasing their incentives and transmitting them to the spot market, which is difficult to rise and fall. In the construction steel market, the decline was slightly aggravated and there was no substantial improvement in market demand. The price per ton in Fuzhou, Chengdu and other places fell by about 90 yuan per week. According to industry insiders, the manufacturing PMI data of major manufacturing countries are showing a weak trend, indicating that domestic and international economic operating pressures are increasing, and merchants' expectations for the market outlook are generally poor. At the same time, domestic leading steel mills have lowered their ex-factory prices. At present, they are worthy of high temperature and rainy weather. Construction site restrictions are also imposed, which also increases the downward pressure on the steel market. Relevant institutional analysts believe that the contradiction between supply and demand in the steel market is still grim, but the introduction of many favorable policies will help the steel market to stabilize and stabilize. In the cold winter environment of the market, the steel trade industry with a large amount of land is in urgent need of comprehensive structural adjustment. It is necessary to think about “how to go in the future”. According to industry insiders, the main problem in the current steel trade industry is that transaction costs are too high and integrity is lacking. In terms of the amount of stock in the market alone, the lack of transparent and transparent public information makes it difficult for the society to judge effectively. In the future, the construction of the credit system of the steel trade industry should be strengthened, and basic information such as inventory should be made public and transparent, or irregular behavior such as “repetitive pledge” can be effectively suppressed.