By the end of 2019, scrap prices mostly maintain a narrow range of concussion trend, steel enterprises are generally not high willingness to adjust prices, electric furnace plants are less enthusiastic to start, businesses themselves basically maintain the daily needs of the volume of goods, the subsequent shortage of manufacturers may be narrow range of inflation temporarily, but the space to improve the supply of goods is limited.
From the perspective of east China market, shagang monthly decline of 30 yuan/ton, with a slow pace of adjustment around the wharf and site scrap transaction performance is less than expected, the steel enterprise profit significantly contracted, the price of goods receiving intention is low, it is expected that the east China scrap market to continue the main stable trend.
From the perspective of the north China market, hebei, shandong more than two places to maintain a small shock upward trend, most manufacturers stock stock volume is acceptable, the follow-up adjustment strength is limited, the forecast north China scrap steel market to continue the main stable pattern.
From the perspective of south China scrap steel market, with the trend of the periphery gradually downturn, some electric furnace manufacturers in the two regions of lower operating rate, scrap procurement enthusiasm is not high, most of the goods under the financial pressure of the freight yard stock is only about half of the previous year, the business takes a conservative operation, it is expected that south China scrap steel market mainly stable.
For now, near the Spring Festival, most of the steel mills had winter demand release has been more than half, January market supply quantity is influenced by factors such as low temperature limit load and transport, more difficult to price goods, partial businessman will show off ahead of schedule, freight yard, dock and other processing distribution site inventory enthusiasm low compared to many, but metal scrap steel prices and temporary competitive advantage, stock out, right to buy or will become common operating mode, forecast nationwide continuation of the main stabilizing a scrap steel market trend.