From early month to today, building material market falls downwards in Hebei, which subdues the market activity. In addition, with the rebounds of deformed steel bar in later period, plants hold stock low and hold prices firm. Also, social inventory keeps falling, bringing momentum to price increase. How will the building material market in Hebei run late in June?
1. Slack season will keep coming into effect and the demand will remain sluggish. As a result, it is hard for the price of building material to increase.
2. The inventory of plant will be at a low level, thus steel plants will be willing to hold price firm. Although the profit of steel plants is close to 1,000 RMB and middle stream and downstream plants expect steel plants to cut prices, prices will still remain high.
3. Stock deformed steel bar will remain strong, providing powerful support for the price of building material.
CAMELSTEEL predicts that building material market in Hebei will remain falling downwards. Because CAMELSTEEL has analyzed the Hebei market in first half of the month. So we have this conclusion. Yet, the decrease extent will shrink obviously.
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