Tangshan Steel Market Review and Forecast on September 8th
Tangshan Steel Market Review and Forecast on September 8th：
The ex factory price of Tangshan steel billets has been raised by 10-20 yuan/ton, and now the mainstream Steel Mills in Qian'an have raised the ex factory price of ordinary square billets by 20 yuan/ton and reported it as 3000 yuan/ton; Qian'an Songting Steel's ordinary square billet factory price has been increased by 10 yuan/ton to 2990 yuan/ton. The transaction of steel billet direct delivery resources is average, and the stock of steel billet storage is stable throughout the day compared to Friday. Some spot resources are traded at around 3050 yuan/ton. The mainstream price of downstream billet adjustment finished products is stable, with low price transactions being the main focus. The current period saw a fluctuation adjustment in the price of steel billets, with initial suppression followed by a rise. Downstream transactions of finished products have improved, and there is still profit margin. As a result, steel mills have increased their demand for billets. It is expected that the ex factory price of steel billets will remain stable and gradually increase tomorrow.
Strip Steel
Today, the price of hot-rolled strip steel in Tangshan has slightly increased, but the transaction volume is weak. Today, the slight increase in black series futures drove the recovery of spot sentiment, and the spot price of 355mm strip steel in Tangshan was raised by 20 yuan/ton in the afternoon. Terminal enterprises continue to make essential purchases, while traders' willingness to replenish inventory has increased, but the actual scale is limited. The downstream demand side order volume has not significantly increased, and some companies are still adopting a wait-and-see attitude. At the same time, steel mills have increased their orders and demand, leading to a strong sentiment of price hikes. In summary, it is expected that the market price of Tangshan hot-rolled strip steel will remain stable with a moderate upward trend tomorrow.
Section Steel
The price of section steel in Tangshan remains stable. Today's bullish candlestick market is fluctuating, with overall weak trading. The production capacity of the upstream supply side in the market is sufficient, but the profit is weak, the production willingness is low, and the inventory on the trade side continues to be low, avoiding capital occupation and reducing game risks. The terminal demand is insufficient, and caution is still the main approach. At present, downstream payment pressure is high, and the enthusiasm of the delivery end is insufficient. The market mentality is still mainly wait-and-see, and the situation of oversupply still exists. Overall, it is expected that the market price of Tangshan steel will remain stable tomorrow.
Hot-Rolled Coils
Today, black commodity futures fluctuated and strengthened, while spot prices remained stable. The overall trading atmosphere in the market was relatively quiet, and there was no significant improvement in trading volume. In the afternoon, some merchants negotiated and shipped to promote transactions. Currently, due to the disturbance of environmental protection in North China, the supply and demand of steel are showing a weak pattern. With the resumption of production by steel mills, there is room for a rebound in output, and demand is expected to recover seasonally. It is expected that the price of hot-rolled coils will increase tomorrow.
Today, the prices of welded pipes and galvanized pipes in the Tangshan market remained stable, with average transactions. The price of raw steel strip in Tangshan market has increased by 20 yuan/ton, and the support for welded pipe prices has been strengthened. However, in recent days, the black series futures market has maintained a range of fluctuations, and there is a slight lack of upward momentum. The market is also mainly wait-and-see. Overall, it is expected that the price of welded pipes in the Tangshan market will remain stable and operate in a wait-and-see manner tomorrow.