Should the winter stock market start
In the 52nd week of 2019 (2019.12.23-12.27), Lange steel’s national steel composite price index reached 146.1 points, down 0.82% from last week and down 1.58% from the same period last year. Among them, the LGMI long-wood price index is 154.0 points, down 1.72% from last week and 3.90% from the same period last year.The LGMI profile price index was 150.1 points, down 0.54% from last week and 5.16% from the same period last year.The LGMI panel price index was 137.4 points, down 0.09% from last week and up 1.59% from the same period last year. The LGMI index of Tianjin steel pipe was 154.8 points, down 0.55% from last week and 3.21% from the same period last year.
According to Lange steel cloud business platform, according to the monitoring data of 52 weeks of 2019 domestic original fuel parts of steel and steel products 17 class 43 specifications (varieties) of price changes are as follows: the main varieties of steel market price swings down, compared with last week, rose varieties increase slightly, flat varieties decreased, falling a little increase. Eight of them increased, 8 more than last week; 17 were flat, down 3 from last week; Eighteen varieties fell, one more than last week.Domestic square steel pipe shock consolidation, iron ore prices fell 5 yuan, coke prices rose 50 yuan, scrap prices fell 10 yuan, billet prices fell 20 yuan. At present, the steel market has entered the traditional off-season, the downstream demand for procurement rapidly shrinking, the spot market shipments slowed down significantly, the winter storage problem again surfaced, due to the recent market price rapid fall, a small number of businesses have started winter storage operations, but most of the steel pipe factories are still on the sidelines. Moreover, as the growth of infrastructure construction investment is less than expected, especially the slight decline of railway investment, the market is again worried about the market next spring, so that the large-scale winter storage operation has not yet started, the market still lacks confidence in the future market. In general, next week the steel market will show the trend of consolidation shock.
According to the data of Lange steel cloud business platform weekly , the domestic steel market price will shock consolidation, the long material market price will shock and become stronger, the profile market price will decline steadily, the plate market price will decline steadily, the pipe market price will shock and become weaker.Lange steel’s national steel composite price index is expected to fluctuate around 146.0 points. The average price of mild steel tube is around 4020 yuan, with an average fluctuation of 10-50 yuan. Among them, the long wood price index is expected to fluctuate around 154.5 points, up 0.5 points.
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