The recent sharp rise of spot steel prices in the domestic steel market is often driven by the market's more obvious expectation of rise, so this expectation will continue to rise after the year. Because infrastructure projects are gradually launched, demand will rise synchronously, and such an expectation will continue to revolve around the first quarter. Therefore, the steel prices in the whole quarter will maintain a relatively strong pattern.
Although the price of seamless steel pipe has led the rise recently, and the performance of long materials lags behind, its performance will be more dazzling for the market of long materials in the first quarter. The performance of seamless steel pipe products will be subject to subsequent settlement, pricing and delivery rhythm of steel mills, and will bear pressure in the later period. Therefore, under the condition that most terminal procurement has stopped and the demand is relatively cold, "expectation" will be the main factor to determine whether the leading price can rise.
Among them, the price of seamless steel pipe products continued to lead the rise, and the overall construction steel market remained cautious. However, the settlement price of construction steel of HBIS is about to be released. At the same time, the Spring Festival holiday is approaching and the market is still expected to be bullish, which may have a certain impact on the market. Therefore, after the introduction of the settlement price of the steel plant, the long products may face a certain price rise.
According to the monitoring of Huineng, the average price of domestic key seamless steel pipes is 3814 yuan (ton price, the same below), which is the same as last Friday; The average price of seamless steel pipes in key domestic cities was 3679 yuan, up 5 yuan from last Friday; The average price of seamless steel pipes in key domestic cities was 4092 yuan, up 14 yuan from last Friday; The average price of seamless steel pipes in key domestic central cities was 4834 yuan, up 15 yuan from last Friday; The average price of seamless steel pipes in key domestic cities was 3947 yuan, up 23 yuan from last Friday.
The listing of seamless steel pipe futures has accelerated the fluctuation of the steel spot market, and it is undoubtedly more straightforward to explain the spot market with the thinking in the capital market. Just like the current stock market, the upward channel has been opened, that is, the bull market has begun, but the cycle span may be longer. In such a slow market, it may be inappropriate to do band operation, and medium and long-term investment may yield more.