Weak operation of the scrap market (August 24 to August 30)
Sep. 04, 2019
China Waste Steel Application Association Information Statistics Department
Last week, the domestic scrap market was weak, social stocks were lower, steel prices were weak, and some steel mills bought scrap according to the arrival and inventory.
Compared with the previous week, the average scrap price of key steel scraps was 38 yuan/ton, the medium scrap price was 35 yuan/ton, and the scrap price was 29 yuan/ton.
At present, due to factors such as insufficient implementation of environmental protection and limited production, and falling prices of finished products, market panic is pervasive. Some steel mills have less scrap and less expensive purchases, and merchants are holding a wait-and-see attitude toward the upcoming “Golden September and Silver 10”. It is expected that the domestic scrap market will continue to operate weakly in the near future, and some steel mills are not excluded from raising purchase prices due to lack of goods.
The scrap market in East China fell weakly, and business panic increased. In the second half of August, Baosteel's heavy scrap purchase price was 2210 yuan / ton, down 200 yuan / ton from the first half of August; Nangang heavy scrap purchase price was 2620 yuan / ton, down 110 yuan / ton; Shagang heavy scrap purchase price 2670 yuan / ton, down 110 yuan / ton; Xingcheng special steel fine furnace material purchase price is 2640 yuan / ton, down 110 yuan / ton; Maanshan heavy scrap purchase price is 2680 yuan / ton, down 40 yuan / ton; The purchase price of Fangda Special Steel Heavy Duty Scrap is 2845 yuan/ton, down 60 yuan/ton; the price of Laigang medium-sized briquetting A is 2910 yuan/ton, up 50 yuan/ton; Shandong Shiheng special steel scrap scrap 2620 yuan / ton, down 60 yuan / ton; Ningbo steel heavy scrap tax-included purchase base price is 2486 yuan / ton.
The scrap market in Central China is weakly weak, and merchants are not willing to ship. Angang's heavy scrap purchase price is 2730 yuan / ton; Wugang heavy scrap purchase price is 2690 yuan / ton, down 20 yuan / ton; Hualing Xianggang first-grade material purchase price is 2540 yuan / ton, up 60 yuan / ton The purchase price of heavy steel scrap of Hengsteel is 2660 yuan/ton, the base price of primary grade of Handan Iron and Steel is 2280 yuan/ton, and the price of heavy steel scrap is 30 yuan/ton; the purchase price of heavy scrap of WISCO is 2750 yuan/ton.
The scrap market in South China is weak and the market is generally sold. The purchase price of Sangang Shuguang heavy scrap is 2,710 yuan / ton, down 50 yuan / ton; Liugang thick shear purchase price is 2560 yuan / ton; Handan steel heavy scrap purchase price is 2,825 yuan / ton, down 80 yuan / ton.
Scrap prices in the southwest region fell slightly, and merchants’ enthusiasm for shipment was not high. Pangang's heavy scrap purchase price is 2,570 yuan / ton, down 50 yuan / ton; Shougang's heavy steel scrap purchase price is 2,600 yuan / ton, down 30 yuan / ton; Kunming heavy duty scrap purchase price is 2,720 yuan / ton.
The scrap market in the northwest region is weak and the market is generally sold. The purchase price of Xining Special Steel Heavy Duty Scrap is 2,430 yuan / ton, down 60 yuan / ton; the purchase price of heavy steel scrap steel is 2640 yuan / ton.
The scrap steel market in the northeast region is stable and downward, the market resources are scarce, and the steel mills are short of supply. Linggang's heavy scrap purchase price is 2,830 yuan / ton, Fushun special steel heavy scrap purchase price is 2,660 yuan / ton, Bengang heavy scrap purchase price is 2,847 yuan / ton, Angang's heavy scrap purchase price is 2,820 yuan / ton.
The scrap market in North China fell weakly, merchants shipped smoothly, and steel mills arrived. Tianjin steel pipe heavy scrap purchase price is 2770 yuan / ton; Shougang Qiangang heavy scrap purchase price is 2950 yuan / ton; Baotou Steel heavy 2 type scrap purchase price is 2610 yuan / ton, down 110 yuan / ton; Taigang heavy scrap procurement The price is 2,680 yuan / ton.