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Poor demand

  • Time of issue:2018-09-30 18:58

(Summary description)This week, non-oriented silicon steel is still in a trend of slight decline in sales. The main reason is the poor demand and the small number of terminal purchases. It is expected that after the National Day holiday, the price of non-oriented silicon steel is likely to continue to fall.

Poor demand

(Summary description)This week, non-oriented silicon steel is still in a trend of slight decline in sales. The main reason is the poor demand and the small number of terminal purchases. It is expected that after the National Day holiday, the price of non-oriented silicon steel is likely to continue to fall.

  • Categories:Industry News
  • Author:
  • Origin:CCM
  • Time of issue:2018-09-30 18:58
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  This week, non-oriented silicon steel is still in a trend of slight decline in sales. The main reason is the poor demand and the small number of terminal purchases. It is expected that after the National Day holiday, the price of non-oriented silicon steel is likely to continue to fall.
 
  Domestic non-oriented silicon steel market:
  1. Low-grade cold-rolled non-oriented silicon steel: The price of non-oriented silicon steel was stable this week, and the transaction was sluggish. The sales of individual brands dropped slightly, ranging from 10-20 yuan/ton. The mentality of traders has deteriorated, and they focus on shipments, and there are not many spot resources on the market.
   Analyze the market: the East China market has poor transactions, and traders have to make a slight margin for shipments. The terminal demand is poor and the purchase volume is very small. Due to the high cost of ordering in October, there are generally no low-priced resources in the market. The price of 800 grades of private steel mills and the 800 grades of first-line steel mills has been consistent for a long time, and the price is around 5500 yuan/ton. Traders reported that the transaction was extremely deserted. The South China market has stable prices and poor transactions. The price of the 1300 brand has also shown a slight downward trend. It is understood that the price of the mainstream 1300 brand is 5,350 yuan/ton, and it is difficult to ship. In the market, Zhanbao still has relatively more resources and less terminal demand. Prices in the Central China market fell slightly, and there were not many spot resources. Most traders paid more attention to the listed prices of Ouyeel's e-commerce. It is understood that the prices dropped slightly this week by 50 yuan/ton.
   For steel mills, due to the slight increase in October futures prices, with the exception of Baosteel Group, the prices of individual steel mills have been negotiated or the actual order prices have been flattened. It is understood that individual steel mills are dissatisfied with their orders, and there is a slight gap. In addition, there are rumors in the market that steel mills have reduced production more. According to the author and the steel mills, the only steel mills that have reduced production are Anshan Iron and Steel and Baosteel, and Baosteel's reduction is relatively small, which has little effect on supply.
  2. Medium and high grade non-oriented silicon steel: The price of medium and high grade non-oriented silicon steel is stable this week, and the market has not changed much. The supply of goods is not much, and the order situation of steel mills is average, and the prices of high-grade futures in October are all flat. The traditional high grade 470 price is 6550 yuan/ton, and the 350 grade price is 7200 yuan/ton. The price of non-oriented mid-to-high grades is expected to be stable.
  Data shows that in August, the production and sales of new energy vehicles were 99,000 and 101,000 respectively, an increase of 39% and 49.5% respectively over the same period of the previous year. Among them, the production and sales of pure electric vehicles were 72,000 and 73,000 respectively, and the production and sales of plug-in hybrid vehicles were 27,000 and 28,000 respectively.
   Forecast next week: Non-oriented silicon steel is still in a trend of slight decline in sales this week. The main reason is the poor demand and the small number of terminal purchases. In addition, October futures prices are still at a high level, and traders have no low-priced sources of goods. When prices are difficult to rise, other steel varieties have also shown a downward trend, which has a greater impact on mentality. Even if there are not many spot resources in the market, the spot resources of traders cannot always be in their hands, so there is a slight drop in transaction prices. It is expected that after the National Day holiday, the price of non-oriented silicon steel is likely to continue to fall.

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