Short-term CCS grade A ship steel prices may gradually weaken

Last week, market prices of CCS grade A ship steel continued to trend slightly upwards, with little change in fundamentals, and in the short term, we still wait and see the continuity of CCS grade A ship steel demand. Recently, the accumulated stock situation of factories is relatively obvious. At present, the main focus of the market is on the following levels:

1. The factory inventory has a significant risk factor. Looking at the recent continuous accumulation of steel mill inventories, on the one hand, steel mills currently generally have a long delivery period, and there is no consistent good performance on the CCS grade A ship steel demand side.

2. The CCS grade A ship steel price difference between the north and the south China is relatively small, and the level of resource saturation between the regions has increased.

3. The transaction link of CCS grade A ship steel showed the continued sluggishness of the market, considerable orders from steel mills, and phased steel mills and market traders on the same track, which suppressed transactions in the circulation link in a disguised form.

4. High CCS grade A ship steel output is now a relatively new normal and does not constitute a significant negative impact.

Based on a comprehensive analysis of the current market, the accumulated negatives of the factory and inventory continue to appear for several weeks, which may have a relatively intuitive impact on the market side, and short-term CCS grade A ship steel prices may be under pressure and weaken in stages.

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