| From December last year, as the weather turned cold, the domestic precision bright tube market entered the off-season of demand, the release of steel production capacity also weakened, the market supply and demand was relatively stable, and the price of precision bright tube steel rose slightly. Later, the steel price will still show a small fluctuation trend. In the first ten days of January 2019, the average daily output of crude steel of national key iron and steel enterprises was 1844400 tons, an increase of 62900 tons or 3.53% compared with the previous ten days. As of the end of the first ten days of January, the steel inventory of key iron and steel enterprises in China was 11.2679 million tons, a decrease of 119600 tons or 1.05% compared with the end of last ten days.
Although in the off-season sales, but as of the first ten days of this month, the inventory of key steel enterprises is still "declining, and lower than the average value in recent years. Considering the macro and industrial "wind direction", the spot market price does not have a unilateral downward basis. Judging from the recent trading situation, traders who have "short positions" in the early stage have turned to active stock taking, and some speculators have shifted from "suppressing spot" to "short not short", and the role of middlemen as a "reservoir" has been revealed.