Report Industry Investment Rating No relevant content provided. Core Viewpoints - The overall atmosphere in the commodity market is good, but the prices of finished steel products are oscillating. The demand for finished steel products is weak, the profits of steel mills are gradually shrinking, and the weakness of the market is becoming more prominent. If the demand cannot be effectively improved in the future, the prices may continue to decline. The raw material side is more stable than the finished products, and attention should be paid to the potential impact of safety inspections and environmental protection restrictions. [3] - The price of iron ore is expected to be weak and oscillating in the short term. The impact of production restrictions on Tangshan steel mills on the weekly molten iron output is expected to be significant, and attention should be paid to the recovery of molten iron production after the end of the restrictions. [6] - The prices of ferrosilicon and silicomanganese are expected to be weak. For speculative trading, it is recommended to wait and see. The market is gradually shifting from trading based on expectations to trading based on fundamentals, and the prices of the black sector may continue to be under pressure in the future. [10][11] - The price of industrial silicon is expected to be weak and oscillating in the short term, with the range between 8,100 - 9,000 yuan/ton. The price of polysilicon is expected to be highly volatile, and it may continue to rise if there is continuous positive news. [15][16] - The price of glass is expected to be weakly oscillating in the short term, and its valuation should not be overly underestimated. In the long term, it will fluctuate with the macro - sentiment. The price of soda ash is expected to oscillate in the short term, and the price center is expected to gradually rise in the long term, but its upside space is limited. [18][19] Summary by Related Catalogs Steel - Price and Position Data: The closing price of the rebar main contract was 3,117 yuan/ton, up 2 yuan/ton (0.064%) from the previous trading day. The closing price of the hot - rolled coil main contract was 3,298 yuan/ton, down 5 yuan/ton (-0.15%) from the previous trading day. [2] - Market Situation: The supply of rebar increased, demand improved slightly but remained weak overall, and inventory continued to accumulate. For hot - rolled coils, both supply and demand declined, and inventory continued to increase. [3] Iron Ore - Price and Position Data: The main contract of iron ore (I2601) closed at 771.50 yuan/ton, up 0.72% (+5.50), with a position change of - 948 hands to 45.30 million hands. The weighted position was 75.97 million hands. The spot price of PB powder at Qingdao Port was 769 yuan/wet ton, with a basis of 45.42 yuan/ton and a basis rate of 5.56%. [5] - Market Situation: Overseas iron ore shipments increased, the daily average molten iron production decreased, the profitability of steel mills continued to decline, port inventory decreased slightly, and the inventory of imported ore in steel mills decreased. [6] Manganese Silicon and Ferrosilicon - Price and Position Data: On September 2, the main contract of manganese silicon (SM509) closed up 0.14% at 5,744 yuan/ton. The main contract of ferrosilicon (SF511) closed down 0.07% at 5,528 yuan/ton. [8] - Market Situation: The price of manganese silicon is expected to remain weak before mid - October, and the supply - demand fundamentals of ferrosilicon have no obvious contradictions. For speculative trading, it is recommended to wait and see. [10][12] Industrial Silicon and Polysilicon - Price and Position Data: The closing price of the main contract of industrial silicon (SI2511) was 8,470 yuan/ton, down 0.29% (-25). The closing price of the main contract of polysilicon (PS2511) was 51,875 yuan/ton, down 0.78% (-410). [14][15] - Market Situation: The price of industrial silicon is expected to be weakly oscillating in the short term, and the price of polysilicon is expected to be highly volatile. [15][16] Glass and Soda Ash - Price and Inventory Data: The spot price of glass in Shahe was 1,130 yuan, unchanged from the previous day, and the total inventory of national float glass sample enterprises decreased. The spot price of soda ash was 1,165 yuan, unchanged from the previous day, and the total inventory of domestic soda ash manufacturers decreased. [18][19] - Market Situation: The price of glass is expected to be weakly oscillating in the short term, and the price of soda ash is expected to oscillate in the short term and its price center may gradually rise in the long term. [18][19]
黑色建材日报-20250903
Wu Kuang Qi Huo·2025-09-03 00:57