Northeast market continued the weak situation, prices in some areas fell slightly by 5-10 yuan. It is expected that the Northeast market will continue to operate in a weak position. East China market weak decline, Shandong region some large mining enterprises cut factory prices. Affected by the continuous weak market demand and the strong willingness of steel mills to reduce the purchase price, the overall weak market in East China declined. Some large mining enterprises lowered the ex-factory price by 20-40 yuan, which also affected the decline of the local market price. It is expected that the late East China market will still be in a weak state, and prices in some areas will continue to decline slightly. High-speed guardrail market is still weak, high-speed guardrail market transaction situation is still not in a good state, the demand side of the purchase of many cautious, gentle state. The specific situation is as follows: in terms of ordinary alloys, the market of silicon-manganese alloy is still in a state of oversupply, manufacturers have little enthusiasm for production, buyers and sellers are in an obvious stalemate, and the market price is in a dilemma. Ferrosilicon alloy, the market continues to weak consolidation operation, ferrosilicon manufacturers production enthusiasm is not high, the weak demand does not change, the market is filled with depressed atmosphere. In terms of special alloys, the chrome alloy market is mainly integrated, and the market mentality is general. Manufacturers mainly execute early orders and contracts, and steel mills are still in a flat state of purchasing enthusiasm. Molybdenum alloy market is still in a weak state, market prices in some areas continue to decline, the overall transaction is in a stalemate state, the supply and demand of both sides mainly wait-and-see; Iron vanadium market weak maintenance stability, manufacturers low price shipment intention is low, production suspension, limited production signs are increasing, with the upstream high-speed guardrail raw material market quote firm, the international iron vanadium market stable situation, this week the domestic iron vanadium market as a whole weak consolidation situation, manufacturers support price stability strength; Tungsten alloy market shock adjustment, some areas of the quotation is more chaotic, the supply and demand sides wait-and-see stalemate state unchanged, the market transaction situation is general. At the beginning of this week, although Hebei and other places were affected by the news of environmental production restriction and production reduction, the resource supply was tight, but because the downstream strip steel price rose and then fell several times, coupled with the collapse of the steel price, the stock price fell instead of rising.

Overall prices in the short term or maintain a firm shock. However, under the circumstance that the downward pressure of economic growth is still large, the transmission of the policy still needs time, and the external strong stimulus for the spot steel market to boost the cycle is short, the second quarter of the domestic steel price or will still be the bottoming process. The main drag on the price center of finished goods is still low raw material prices. In the case of oversupply, capacity expansion and declining profit rate in the steel market, the overall finished material price basically moves around the cost line. Therefore, the low raw material price will become the biggest constraint for A106B boiler tube price to rise. In May, the price of sub-steel is expected to continue to rise under the stimulus of external factors.

Construction steel prices in most areas of the country rose this week, North China, East China, the price rise is relatively obvious, and the transaction has been enlarged. Last week, the steel rebar futures price continued to pull up, up more than 100 pairs of spot transactions, the formation of a more obvious pull price, in addition to some small traders before the holiday, the site needs to stock up for a small holiday, also promoted the transaction before the holiday. This week in North China, East China construction steel inventory decline speed has accelerated, a dozen large households in Beijing a day total turnover also finally reached more than 20,000 tons. In the case of better transaction, although the rebar futures began to fall this week, the futures price fell sharply on Wednesday, the price of A106B boiler tube also fell 30 yuan on Wednesday, but the spot price of construction steel in major cities before the holiday performance is relatively strong. What’s more, last Friday was the last day of the April settlement cycle for Hebei Iron and Steel Group, and the willingness of merchants to lower prices to ship was significantly reduced, which also contributed to this week’s price rise. But the relatively high settlement price for late market prices to remain firm also provided support. This week the domestic plate market prices mixed, most areas of the hot rolled coil market prices rose, especially in North China by the impact of the resource shortage increase again close to 100 yuan, East China, central China prices also have a good increase, to more than 50 yuan.

The domestic spot steel market staged a step back operation at the same time, the sensitive varieties of hot rolled plate, plate and other major areas of the price are loose, high-speed guardrail is still maintain the downward trend, rebar prices in the main areas and upstream billet prices are pulled up weak, and considering the impact of the five small holiday, the market down the atmosphere is a little light, holding steady wait and see the transition mainly. In the whole month of April, in addition to the strong pull of the capital market, the overall economic data showed a sharp decline. The GDP growth rate, fixed asset investment, industrial added value and the economic performance of the manufacturing industry all failed. The domestic steel price in April has been pushed to the lowest level in the past year, which means that the market sentiment still presents a passive pull up in the downturn. The proportion of direct supply of steel mills increases, the agreement volume is active or passive to reduce and agent households, middlemen initiative to reduce the allocation of resources, circulation link inventory has become a substantial decline in spot steel prices driven by the market can rapidly and significantly pull up space another support. Steel traders still play an important role in the entire steel market, but the reduction of resources is easily affected by the rapid lifting operation under the external stimulus. Once the market price rises are weak and the external stimulus weakens, the market stepping back will spread rapidly and drag down the entire high-speed guardrail price. This is the first two periods of steel prices to push up the main reason for fruitless end. Therefore, for the market in May, the overall operation volume of steel mill maintenance and production reduction decreased compared with April, and the resources in place or increased compared with April, while the steel output still climbed, but the external demand decreased, the domestic resource digestion pressure is still large, while the raw material price is still low, the material center of gravity is dragged down, the overall finished material price will remain low shock. Again deduce the probability of strong rebound is small.