S460N plate and so on steel prices may be in strong shock operation next week

With the continuous macro favorable policies, iron ore has been strongly pulled up, the futures steel market has been boosted and rebounded strongly. The steel billet price has been continuously strengthened due to the strengthening of production restriction in the north. The output of steel enterprises has started to decline compared with last week, and the cumulative inventory speed of S460N plate and so on steel has slowed down. The steel mills and merchants have strong price sentiment.

Considering that most of the current S460N plate and so on steel manufacturers have the willingness to stand up and the cost side is still at a high level, the mentality of the merchants is relatively stable, and the desire to be bullish is relatively stable Strong, it is expected that next week’s S460N plate and so on steel prices may be in strong shock operation.

At present, after the stock price of S460N plate and so on medium and heavy plate rises to a high level, the downstream demand slows down. Under the off-season effect, the inventory of S460N plate and so on steel changes from falling to rising, and there is a fear of heights in the downstream. The overall market performance is not as expected. However, the macro news shows that Tangshan environmental protection and production restriction policy has been issued again, and the external favorable factors are not reduced. It is expected that the price of S460N plate and so on medium and heavy plate will rise in the next week.