Due to the early steel prices rose too quickly, the current high transaction is blocked, the individual market secretly dropped shipments.From the point of view of supply and demand, high expectations under the demand did not fully start, the Lantern Festival before the price is difficult to have a big breakthrough, this week the market will continue to accumulate, steel prices short-term adjustment, the overall volatility is limited.

Phase steel shock, spot narrow range adjustment

Steel futures ended up 37 at 4618, futures futures closed down 5 at 4816, iron ore closed up 5 at 1129.5, coking coal closed up 6 at 1483, and coke closed down 22 at 2578.5.

Spot aspect, the market transaction is weak, a small number of orders transaction, wait-and-see sentiment is strong.Quotation is mainly stable, the individual market down slightly:

The average price of 20mmHRB400E is 4,648 yuan/ton, an increase of 3 yuan/ton compared with the last trading day.

Among the 24 hot coil markets, 7 markets fell 10-60 and 4 markets rose 10-50. The average price of 4.75 hot rolled coil was 4,847 yuan/ton, down 3 yuan/ton compared with the previous trading day.

Among the 24 markets in the middle board, 7 markets fell 10-60, and 4 markets rose 10-50. The average price of 14-20mm general board was 4,823 yuan/ton, down 3 yuan/ton compared with the last trading day.

Crude steel daily output increased 3.49%

CISA data showed that in mid-February, the key statistics of steel enterprises produced 22.823,600 tons of crude steel, 20.2097 million tons of pig iron, 21.6086 million tons of steel, crude steel and steel daily average output of 22.824 million tons and 2.120,900 tons, 3.49% and 2.82% higher than last year, 24.38% and 25.30% higher than last year.

It is worth noting that this ten year key statistics of steel inventory of 17.5473 million tons, 3.0791 million tons more than the last ten days, an increase of 21.28%, 5.92662 million tons more than the beginning of the year, an increase of 51%, related to the decline in off-season demand, and this year many steel mills for self-storage, steel mill inventory accumulation speed up.However, compared with the same period last year, it decreased by 3,794,200 tons, down by 17.78%, indicating that the pressure of total inventory is not prominent.

Regulating the property market more frequently

After the Spring Festival holiday, the hot cities of Shenzhen, Hangzhou, Guangzhou and Nanjing frequently released policies to regulate the property market. Since 2021, there have been more than 70 times of regulation measures, including the new order for the market and the regulation of business loans.And recently issued a number of papers to increase the bank real estate concentration limit, mortgage tightening pressure has also increased the market on real estate investment slowdown expectations.Short-time hot property market will cool down, but the "three silver four" construction season demand support toughness is strong.Keep an eye on demand release.

Iron ore arrivals to port increased slightly

Iron ore arrivals nationwide totaled 21.89 million tons in the latest week, up 2.06 million tons from the previous week, according to Hifleet.Global iron ore shipments to China were 15.57m tonnes, down 1.91m tonnes from the previous week.The Platts 62% iron ore index fell $2.85 to $172.75 a thousand metric tons.Overall, iron ore supply and demand increased, the price remains high, the monthly average Platt 62% iron ore index as high as $163.95 / thousand tons, will remain firm in a short time, there is still a strong support for the timber.

To sum up, the market high transaction is blocked, but bullish sentiment is still, this week's inventory will continue to be tired, demand is not fully released before, too fast to pull up the follow-up power is insufficient, is expected to be stable steel prices tomorrow, individual market small adjustment.