Today, the prices of thread and wire continue to weaken. The mainstream quotations of major manufacturers' threads are about 3,400 yuan / ton, which is significantly lower than before the holiday.

In terms of inventory, the inventory in all regions of the country is currently increasing, and the increase in Rebar inventories in East China, Southwest, and North China is the most obvious; the increase in Southwest and South China is the most significant in terms of wires rod; as of February 14, the total national social rebar inventory is 14.24 million tons, an increase of 15% from the previous week and an increase of about 1.84 million tons. Due to the obvious accumulation of steel mills in the current period, most steel mills have started to increase maintenance and shutdown plans, and short-term steel mill output may be reduced. On the demand side, due to the current special During the period, freight transportation was blocked and downstream companies' resumption progress was slow, and demand was still weak in the short term. In terms of market, this week, some merchants started to resume work or work from home. Merchants successively quoted prices. However, due to insufficient downstream demand, the overall market transaction was deserted. In addition, due to the gradual increase in inventory and funding pressures and increased supply pressures, merchants are pessimistic about the outlook and are in a pessimistic state. The market as a whole is in a state of no value. In terms of futures, the mainstays of spiral futures are in a weak operating state and cannot form a strong support for the spot.

In summary, it is expected that the domestic construction steel inventory will continue to increase next week. In the case of insufficient downstream demand, spiral prices will continue to run weakly.

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