Summary of today's scrap market
Yesterday, the country's scrap steel was stable and strong. Today, 14 have risen and 0 have declined. At present, the performance of the market receipt is average, coupled with the downward trend of the arrival of leading steel enterprises, the merchants are looking forward to the rise, and the shipments have slowed down slightly.
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Scrap arrival statistics in Zhangjiagang on July 2: 12,000 tons were unloaded in Zhangjiagang yesterday, a decrease of 1,000 tons from the previous day; There are about 32 scrap steel ships at the wharf this morning (+2 compared with last morning), and about 74 vehicles (-16 compared with last morning)
On July 2, the national scrap steel was stable and strong. The price increase steel mills are mainly distributed in Anhui, Hunan, Hubei, Henan, Hebei, Guangxi, Guangdong, Sichuan, Guizhou and other places, with an increase of 10-50 yuan/ton. The snail fluctuated in a narrow range to the upside, and the market had a strong wait-and-see mood; During the off-season, the demand for finished products continued to be weak, and the profits of steel mills continued to compress; Many places are in the rainfall concentration period, which affects the start and transportation of some downstream waste.
On the whole, at present, the profits of steel mills are low, and some of them have fallen into a state of loss. Under the influence of high temperature and rainy weather, the circulation resources of the scrap steel market are tight, and the arrival of steel mills is generally average, which supports scrap prices to a certain extent, and it is expected to run in a narrow range in the short term.
Analysis of the price trend of scrap steel in various provinces and cities today
【East China】
Jiangsu: Today's local scrap steel owners have risen steadily, and the current mainstream transaction prices of steel enterprises: 6 thick steel sheets 2590-2640, 6 heavy scrap 2570-2620, 2-4 shears 2430-2480, shavings 2380-2450, and pig iron 2530-2580. Today, about 65,900 tons of scrap steel from 26 sample steel mills in Jiangsu arrived, a decrease of about 00,600 tons from the previous working day and a decrease of about 0.9% from the previous working day. The overall arrival in the province continues to decline, most of them are not enough for daily demand, individual out-of-stock manufacturers have risen slightly, the current market resources are tight, the site receipt is general, the supply is insufficient, scrap steel is still supported, but considering the poor profits, the willingness of steel companies to raise prices is not high, the fluctuation space of scrap is limited, and it is expected that the short-term local scrap steel will stabilize in a narrow range.
Shandong: Today's scrap steel in the province is mainly running steadily, Zhengjia 2 thick or more flower material mainstream 2660-2680, powder plate galvanized flower material mainstream 2430-2450, Zhengjia cold plate 1 thickness above 2650-2660, cold plate 1 thickness below 2670-2680, yesterday 23 steel mills in the province arrived a total of about 24,800 tons, compared with the previous working day little change. Due to the advent of the rainy season in most regions, to a certain extent, it will affect the supply of goods for sale, processing and transportation, so the arrival of steel mills has also remained at a generally low level, coupled with the strong expectation of policy support for steel prices in July, scrap steel may stop falling and stabilize in the short term, and individual steel mills with low arrivals may rise.
Fujian: Today, the local scrap steel is stable and the operation is adjusted. Qingtuo rose 20, and Sanbao rose 20. The mainstream transaction price of steel mills: steel sheet 6 thickness 2580-2760, heavy waste 6 thickness 2560-2680, steel bar pelletizing 2660-2760, cold rolled material 2550-2680. The scrap of 17 sample steel mills in Fujian Province reached 38,400 tons, an increase or decrease of 1,200 tons from the previous month. The arrival of steel enterprises continued to decline, and the overall shortage of daily consumption was needed, and individual steel companies slightly increased their purchase prices. Scrap prices are temporarily supported. Considering the current poor profits of steel enterprises, and the enthusiasm of steel enterprises to use scrap is not high, and the upside of scrap steel in the short term is limited, it is expected that scrap steel in the province will be stable and stable today and next year.
Shanghai: The main local scrap steel is stable, and the main material types are: steel plates, abrasives 2500-2630, cold-rolled materials 2400-2450, silicon steel sheets 2480-2530, steel bar pelletizing 2580-2630, baled steel bars 2450-2500, heavy waste 2470-2520, shavings 2150-2250, color steel tiles 2010-2060. This period of snail red shock, the external pull up to absorb the increase of steel enterprises, coupled with the decline in the arrival of leading steel enterprises, there is a short-term trend and space for a rebound, but the finished product off-season, limited demand, poor profits of steel enterprises, production reduction, maintenance and other situations increase, scrap demand is limited, the upside is limited, and it is expected that the short-term local scrap steel main stability is strong and narrow range adjustment.
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Jiangxi: Today, local scrap steel is running steadily. The mainstream transaction prices of some steel mills: 2605 for excellent weight, 2600 for 5-6 heavy waste, 2430-2580 for shear, 2390 for shavings, and 2470 for crushed material, excluding tax, for reference only. Today, about 18,900 tons of scrap steel from 7 sample steel mills in Jiangxi arrived, which was little changed from yesterday's arrival. Due to the upward volatility of the disk, the mentality of merchants looking forward to rising has increased in the short term, but it is difficult to greatly improve the arrival of steel mills by maintaining the original speed of shipments; Considering that the inventory of steel mills remains at the previous level, and there is no plan to make up for the shortage for the time being, it is expected that local scrap steel will continue to operate steadily.
Anhui: Today's local scrap steel main stable operation, Lu'an Xinda rose 40, Lu'an Iron and Steel rose 30-40, Huainan Hongtai part rose 20, and the local mainstream factory price: steel sheet 2540-2590, heavy scrap 2430-2480, shear 2210-2260. A total of 14 sample steel mills in Anhui Province received 21,500 tons of scrap per day, a decrease of 1,600 tons from the previous working day. The output of upstream scrap steel has decreased significantly, and most of the terminals and bases indicate that it is difficult to receive goods, and scrap resources are tight. Coupled with the fact that the rainy season continues to affect the supply of scrap steel, the arrival of steel enterprises in the province has always maintained a low level recently, and the willingness to receive goods is strong, so in general, the short-term local scrap support is strong, and it is expected to maintain a stable market.
Zhejiang: Today, the local scrap steel is mainly running steadily. Taozhuang scrap fell 10: cold and hot rolling 2450-2470, silicon steel sheet 2520-2530, plate edge 2500-2550, steel head 2450-2500, white galvanized 2390-2410, steel planer 2150-2200. Yesterday, the arrival of scrap steel from five sample steel mills in Zhejiang Province was 13,200 tons/day, an increase of 00,100 tons/day from the previous period. This snail continued to hold the red rise, the billet was temporarily stable, yesterday the yuan rose 50~80, and some steel companies around today began to rise. At present, the profits of the mills are not good, but the inventory is low, considering the follow-up policy or favorable, the mills are more slightly trying to rise, and it is expected that the scrap steel in the province will rise steadily in the short term.
【North China】
Hebei: Today's local scrap steel rose in a narrow range: its Middle East China rose 10, Tang Yin rose 10, Ruifeng rose 20, and Aosen rose 20. At present, the mainstream transaction prices in Tangshan are: heavy A2730-2750, flower iron briquetting 2760-2790, steel sheet 2780-2800, and steel bar cutting head 2800-2820. At present, 104,800 tons of scrap steel have arrived in 48 sample steel mills in Hebei Province, a decrease of about 2,200 tons from yesterday. In addition to Tangshan, most of the remaining steel mills in the province have significantly reduced the arrival of steel mills, which is far less than the daily consumption, the inventory of steel mills has decreased, the mainstream steel mills in the province have opened a slight price increase mode in order to ensure normal production, the upstream freight yard has a strong desire to rise, the shipment speed has slowed down, and the performance of finished products in recent days is acceptable, and there is also some support for raw material prices.
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Tianjin: Today, the price of scrap steel in Tianjin is stable, Tiangang United Steel Bar Briquetting 2723, Ronggang Heavy A2660, 3 sample steel enterprises in Tianjin arrived 4,500 tons yesterday, a decrease of 00,500 tons from the arrival of the previous working day. Although there is an upward performance in the futures, but in the off-season market, the transaction is still flat, and the scrap resources are still tight, the arrival of steel mills and the daily consumption remain in a balanced state, and it is difficult to break through the short-term market ups and downs, and it is mainly stable.
Shanxi: Today's market scrap prices are mainly stable, and the purchase price of the mainstream material type of the existing Shanxi steel mills: steel bar pelletizing 2720-2760, 10 heavy waste 2640-2690, 10 thick scraps 2720-2770, steel briquetting 2600-2640, 1.8 specific gravity crushed material 2470-2500. Today, the arrival of scrap steel from 19 sample steel mills in Shanxi Province was 16,400 tons/day, an increase of 3,200 tons/day from the previous period. As the weather becomes hotter and hotter, the market wool is scarce, the yard is difficult to receive, the output is small, the steel enterprises after the early price increase, the arrival has improved slightly, but it is not enough to do inventory, the local finished product sales are not smooth, resulting in the inversion of steel profits, even if the snail is red, the attitude towards raw material procurement is still cautious, and it is expected that the short-term local scrap supply is insufficient and the price is still narrowly raised, on the contrary, the main stability.
Inner Mongolia: The local market is running steadily. 6. Heavy waste 2430-2500, 8-12 heavy waste 2500-2600, 3-5 thick material 2200-2280. Today, the arrival of scrap steel from steel mills in Inner Mongolia Province was 7,229 tons, an increase of 00,200 tons from yesterday. Snail by the macro expectations, shock upward, peripheral shortage of steel mills slightly raised the price of scrap, some merchants in the province wait and see shipments, hope that the steel mills in the province can also further increase the price of scrap, some merchants bearish outlook, take the opportunity to dump the warehouse, the arrival of steel mills in the province to meet the daily consumption, superimposed on the current steel mill profit margin is limited, so the short-term provincial steel mills are cautious about the willingness to adjust the price of scrap steel, it is expected that the short-term scrap steel is stable, and individual steel mills adjust in a narrow range according to demand.
【Tohoku Region】
The three eastern provinces: the main stable operation of scrap steel in the region today, Liaoyang plate armor 2570-2630, heavy scrap 2550-2600, 31 sample steel mills in the three northeastern provinces of scrap steel arrived 15,100 tons, a decrease of 00,500 tons from the previous month. Local arrivals continue to decrease, considering that there is a meeting this month for a short time to speculate expectations, and the finished product contradiction is not deep enough, it is difficult to carry out deep negative feedback, so the snail, spot prices have a slight rebound, so in the short term the business expectation of the rise mentality is enhanced, it is difficult to improve the arrival, but the steel mill inventory to maintain the previous level, for the time being, there is no shortage of goods to make up for the rise, so scrap prices are in a dilemma, and it is expected that scrap steel will continue to operate steadily tomorrow.
【Northwest Territories】
Northwest: The scrap market in Northwest China is mainly running steadily. Select the market price reference in Lanzhou: steel bar pelletizing 2420-2440; Heavy waste 6 thick wool 2300-2330; Machine-cast iron 2280-2300; light and thin wool 2110-2130; Front and rear axles 2360-2380. Today, about 14,400 tons of scrap steel from 14 sample steel mills in Northwest China arrived, little changed from the previous working day. Some of the site inventory of more merchants, to the surrounding high price areas of active shipments, the province prices to maintain a stable operation, so that the market shipping sentiment is not high, the overall arrival is lower than the daily consumption needs, the follow-up of some manufacturers to shorten the surrounding price difference, improve the arrival, or have a price increase operation, but combined with the current trend of finished products, and the poor profits of each plant, scrap price adjustment space is limited, it is expected that the short-term local scrap main stable operation.
【Central China】
Hubei: Since yesterday, some local steel mills have risen. The main reason is that there is more rainy weather, scrap steel resources are generally tight, the arrival of steel mills is general, and the performance of snails is relatively stable, and the small rise in sucking is a normal operation, but it is expected that the amplitude will not be very large. A total of 16 sample steel mills in Hubei Province received 22,700 tons of scrap per day, an increase of 2,500 tons from the previous work. At present, the mainstream market price of steel bar pelletizing is 2620-2700 yuan/ton, 6-10 thick steel plate qualified material is 2480-2580 yuan/ton high, 6-10 thick and heavy waste qualified material is 2430-2530 yuan/ton, 10 thick heavy waste qualified material is 2530-2580, 6-10 thick and heavy waste wool is 2380-2480, all cold and hot rolled white iron is 2470-2570 yuan/ton, and 2-4 thick shear material is 2260-2310 yuan/ton. The steel bar lump is 2460-2510 yuan/ton, for reference only.
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Hunan: Since yesterday, local steel mills have been running strongly, with Lianyuan Steel up 30, Henggang up 30, and Cold Steel up 30. At present, the mainstream transaction price in Hunan market: heavy waste 6 thick 2390-2440, steel bar head 2510-2560, machine pig iron 2330-2380. A total of 4 sample steel mills in Hunan Province received 16,600 tons of scrap per day, an increase of 1,100 tons from the previous working day. At present, there are many rainstorms in Hunan, and there are restrictions on receiving and shipping, and there are fewer steel mills arriving, and some out-of-stock steel mills choose to pull up and absorb goods. However, considering the poor profits caused by poor sales of finished products, steel mills are still cautious in their operations, and it is expected that local scrap will rise in the short term, but the extent is limited.
Henan: Local scrap has been running strongly so far over the weekend. Yaxin rose 10-20, and Minyuan rose 30. At present, Anyang and Zhengzhou steel sheets are 6-10 thick 2530-2580 yuan/ton, and heavy waste 6 thick is 2430-2480 yuan/ton, excluding tax. A total of 16 sample steel mills in Henan received 15,780 tons per day, an increase of 00,470 tons from the previous working day. After investigation, today's suspension of steel enterprises to collect, so the arrival of goods in the province has increased. In the past two days, the snail has been running in red, and individual steel mills have begun to have a slight price increase. Considering that the profits of steel mills are still not ideal, and the transaction of finished products is weak, it is difficult for scrap prices to rise sharply. It is expected that in the short term, the main stable operation of local scrap steel will be adjusted according to individual needs.
【South China】
Guangdong: Today, local scrap steel is stable and strong, of which Jin Shenglan rose 20, Derun rose 30, and Yueyufeng rose 10. At present, the mainstream of ordinary punching in Zhongshan is 2310-2360 (Xiaolan pure cold sheet 2410-2460), die steel 2470-2520, ordinary punching mainstream in Foshan is 2310-2360, pure cold plate is 2390-2440, silicon steel sheet is 2380-2430, steel bar head is 2380-2480, and 6 heavy waste (wool) is 2330-2380. At present, 51,700 tons of scrap steel have arrived in 32 sample steel mills in Guangdong Province, an increase of 00,300 tons from the previous month. Due to the relatively tight local resources, low prices, and rainfall and other factors, there has been no significant change in the arrival of steel mills, and the overall arrival is still at a low level. However, considering that the profits of steel mills are still in a state of loss, it is expected that the local scrap steel will be stable in a short period of time, and individual adjustments will be made as needed.
Guangxi: Today, some local steel enterprises rose 20-30, of which Guixin rose 20 and Guifeng rose 30. At present, Liuzhou's scrap steel market is mainly stable, including 2160-2210 punching edge material, 2500-2540 hot and cold rolling, 2450-2500 metal punching (including galvanizing), 2500-2550 pure automobile sheet, 2560-2610 steel particles, 2500-2550 steel briquetting, 2350-2450 heavy waste, 2400-2450 large molds, 2450-2500 small molds, and 2400-2450 pig iron cast steel. 17,900 tons of scrap steel from 14 sample steel mills in Guangxi Province arrived, a decrease of 3,000 tons from the previous month. Due to the upward shock of the disk, some steel companies rose slightly. At present, the loss of electric furnace is still increasing, this week individual maintenance steel enterprises resumed production, when the pressure on finished products will be increased, the short-term scrap steel rise and fall space is limited, narrow range shocks.
【Southwest China】
Yungui: Today, local scrap steel has risen steadily. Under the influence of the off-season, the continuous reduction of waste production, coupled with the red upward trend of the disk, the enthusiasm of market shipments is not high, the arrival of some steel mills continues to decline, individual electric furnaces for replenishment and production, tentative pull up and absorption, scrap steel temporary support, but the demand for finished products is poor, considering that most steel mills are in a loss at this stage, scrap support is limited, and it is expected that the short-term multi-stable and demand-based narrow key operation. Among the 13 sample steel mills in Yunnan-Guizhou today, 15,600 tons of scrap arrived yesterday, an increase of 1,400 tons from the previous job. The mainstream reference price is 2600-2640 yuan/ton for Yunnan steel bar pelletizing, and 2460-2510 yuan/ton for high-quality corner materials; Guizhou steel bar pelletizing is 2480-2580 yuan/ton, and pig iron heavy waste is 2440-2480, with high prices for good materials.
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Sichuan and Chongqing: The scrap steel part of Sichuan and Chongqing is running strongly. Mainstream transaction prices in Sichuan: pig iron 2430, steel particles 2480-2520, excellent and heavy waste 2400-2460, medium waste 2350-2400, light material 2060-2260, specific looks, for reference only. According to today's survey, the scrap arrival volume of 19 sample steel mills in Sichuan and Chongqing was 28,500 tons, a decrease of 1,400 tons from the previous period. The disk is red, the market is looking forward to rising sentiment, coupled with the influence of the off-season, the output of scrap steel has decreased, and the situation of short supply is more obvious.
Overseas scrap prices and information for July 2
1. Vietnam scrap: demand is weak, and the price of imported scrap steel fell by $3 per ton
Despite a slight decline in deep-sea scrap imports, Vietnam's domestic scrap market is showing a stable trend. The decline in import prices can be attributed to several factors. First of all, quotations decreased this week, but suppliers have been cautious in their pricing strategies due to the decline in overall demand for scrap in Vietnam; Secondly, as Vietnamese steel mills choose to buy more billets with falling prices rather than scrap. U.S. Ocean Bulk HMS (80:20 price narrowed to $378/mt; Japanese H2 scrap prices fell to $363/mt CFR Vietnam. In addition, the market price of container HMS (80:20) remained relatively stable at $350-355/ton. On the domestic front, domestic scrap prices in Vietnam remained stable, downstream demand was weak, and market participants remained cautious. The upcoming monsoon season is expected to impact near-term scrap consumption and imported scrap.
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2. Japanese scrap: Scrap exports increased by more than 11% month-on-month in May
Japan's scrap exports rose 11% month-on-month to 490,000 mt in May 2024, compared to 440,000 mt in April, down 12% from 560,000 mt in May 2023. In the first five months of this year, total scrap imports reached 2.4 million tonnes, down 9% from 2.7 million tonnes in the same period in 2023. Japan's scrap export prices fell 700 yen/mt month-on-month to 50,700 yen/mt in May, compared with 51,400 yen/mt in April. Vietnam's imports from Japan rose 23% month-on-month to 170,000 mt in May, from 140,000 mt. Taiwan's imports of scrap from Japan increased by 86% from 60,000 mt to 110,000 mt and up 28% year-on-year compared to May 2023. South Korea's imports from Japan rose 23% month-on-month to 170,000 mt from 140,000 mt in the previous month and fell 65% year-on-year compared to May 2023.