Guangzhou steel price trend

Next week, the market price of construction steel in Guangzhou will be adjusted mainly by slight weakness.

This week (11.29-12.3), the overall construction steel market in Guangzhou showed a slight continuous decline.

This week, the construction steel market in Guangzhou was dominated by small downward fluctuations, with an overall decline of 30-70. It is understood that the overall market turnover last weekend was general, and the quotation remained stable overall; However, in terms of wire rod, the shortage of local wire rod improved at the beginning of the week, and new goods from Guangzhou Iron and Steel and Beitai arrived, which had a certain impact on the local wire rod market and led to a certain decline in the price of high wire rod in the early stage. However, considering that the overall inventory of the market is still low, the mentality of merchants has turned pale and the mentality of price reduction has reversed, and most of them are holding steady and waiting. However, with the loosening of the power restriction policy in Hebei and other places this week, the resources in the south increased slightly, which is one of the reasons for the continuous slight decline of wire rod this week. On Wednesday, new low-cost resources were put in place. Affected by this, the shipments of resources such as Shaogang, Pinggang and Shougang are very unsatisfactory, and dealers have to reduce prices slightly. However, in terms of rebar, due to less arrival and no price fluctuation, the current price is relatively firm, basically unchanged this week, and relatively stable for the time being. However, as resources are in place, the previous high price will inevitably be affected. Therefore, the situation is not optimistic for dealers at present, and it is expected that the local market will mainly decline slightly in the short term. It is expected that the construction steel market in Guangzhou will maintain a slight weak adjustment trend next week.

According to the market monitoring of Lange Steel Information Research Center, as of February 2, 65438, the market price of 6.5mm high-speed wire rod produced by Shaogang was 4840 yuan (ton price, the same below), down by 70 yuan compared with the same period last week. The market price of 25mm secondary rebar produced by Guangzhou Iron and Steel Co., Ltd. is 4690 yuan; The price of φ 16-25mm secondary rebar produced by Pinggang is 4670 yuan; The market price of 25mm grade III rebar produced by Shaogang is 4950 yuan, and the overall price of thread is basically the same as last week.