Recently, the cold-rolled coil market has undergone differentiation. The market for hot-rolled coils was fair, the prices stabilized and stabilized, and the prices rose steadily. Cold-rolled coils were trading lightly, and the prices continued to fall rather than fall. Li Zhong Shuang, general manager of Shanghai Ruikun Metal Materials Co., Ltd predicts that the “hot and cold uneven†phenomenon in the hot and cold coil market will continue in the short term, the hot rolled coil market price will tend to be stable, and the cold rolled coil market price will continue Consolidate decline. According to feedback from operators on sales, the hot-rolled coil market transactions in the past week were also satisfactory. Sales volume has increased. Some large customers have daily turnover of 1,000 tons to 2,000 tons, and prices have also increased. Many companies saw sales go up and pulled prices up. Therefore, operators expect the market price of Shanghai's hot-rolled coils to consolidate in the near term. The salesperson who is engaged in cold-rolled coil trading said that the cold-rolled coil market has not seen any improvement in the past. The price has been falling every day, and the transaction volume has been significantly reduced. For the trend of the market outlook, operators are generally not optimistic, that the current demand for cold rolled coil market is shrinking, steel traders in order to more shipments, most of the price reduction sales, price change. However, the current steel mills have suffered serious losses, overhauls and production cuts, and the output of the latter steel mills is expected to decrease. In addition, some large steel companies introduced the November futures price policy, in which ordinary CRC prices remain unchanged, which has a positive effect on stabilizing market prices. Therefore, operators expect that the price drop of Shanghai CRC will be narrowed in the later period. In the interview, Li Zhongshuang expressed that attention should be paid to the uncertainties affecting the cold hot-rolled coil market in the later period, mainly reflected in: The first is the change in the supply of cold-rolled coils to the market. For a long time, the cold-rolled coil market was generally weak and sluggish, and prices have been in a downtrend channel, resulting in increasingly serious losses of steel mills. Nowadays, most of the losses of steel mills have reached 100 yuan/ton to 200 yuan/ton, and individual companies have even exceeded 300 yuan/ton. For this reason, steel mills have overhauled, limited production, and reduced production. For hot-rolled coils, a steel company plans to start the maintenance of the 1780mm hot-rolling unit for about half a month from the end of October, affecting the production of hot-rolled coils by about 150,000 tons. Another steel mill started a four-day overhaul of the hot rolling line on October 20, affecting production of about 40,000 tons. In terms of cold-rolled coils, the cold rolling mill of a large steel mill was shut down for maintenance in October for a period of 10 days, affecting 21,000 tons of output. Another steel mill stopped the production and repair of the cold rolling line from October 15th, affecting production of about 10,000 tons. At present, there is not much inventory of hot and cold rolled coils in Shanghai, and some of the specifications are in short supply. There is no market for existing prices. As the steel mills focus on overhauling, reducing production, and limiting production, the output will fall, and the resources to be put on the market in the later period will be limited, which will help ease the contradiction between supply and demand. The second is the change in the effective demand of downstream terminals. At present, the production and sales of automobiles, home appliances and other industries are not very booming, and production has declined. According to statistics from the China Association of Automobile Manufacturers, from January to September 2015, China's auto production and sales volume reached 17.091 million and 17.056 million, respectively, and the output decreased by 0.8% over the same period of last year. Sales volume increased by 0.3% over the same period of last year. The decline in automobile production, the demand for hot and cold rolled coils, and the lack of incentive to support price increases. The third is the change in the factory price policy for steel mills. Recently, some large-scale steel companies introduced the ex-factory price policy in November, in which the base prices of hot-rolled coils and cold-rolled coils remained unchanged, but the futures contracts that came into effect before October 19 were given 100 yuan/t discount in advance. In the industry analysis, this offer from steel mills encourages customers to order in advance to ease their production pressure. October was originally a traditional peak season for the steel industry. From the viewpoint of steel mills, the pressure of stock consumption during the peak season is hard to reduce. As the downstream auto industry has seen a declining trend this year, steel mills encouraged downstream manufacturers to confirm orders in advance by increasing the preferential treatment. (For more information on plate, please pay attention to China Plate Trading Network /)
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