My Steel News: On December 11, domestic construction steel prices rose sharply, and the ex-factory price of Tangshan Pu billet rose by 20 to 3,680 yuan/ton. After the spot price rose sharply, the terminal wait-and-see sentiment grew stronger, and today's transactions performed generally throughout the day.
On the 11th, the black futures market was mixed. The main closing price of snails was 4033, down 0.20%, and closed above the 5-day moving average. DIF and DEA were in both directions. The RSI three-line indicator was at 76-88, running between the upper and middle tracks of the Bollinger Bands.
On the 11th, 17 construction steel manufacturers across the country raised their ex-factory prices by 20-150 yuan/ton.
Steel spot market
Construction steel: Today, the price of domestic construction steel continues to rise. The average price of rebar in major cities is 4141 yuan/ton, an increase of 45 yuan/ton from the previous trading day, and the Mysteel rebar price index is 4182, an increase of 51 compared to the previous trading day. Specifically, iron ore, coke and other futures continued to rise in the morning, and the snail futures rose and fell. The market mentality changed from optimism to cautious. In the morning, the domestic construction steel market prices rose significantly. In the afternoon, as futures plunged, spot prices in some cities rose. After falling back, most businesses took profits. In the short term, the price of raw materials has continued to strengthen recently, with the help of steel mills, and the overall spot market has risen significantly. However, from the perspective of transactions, after the sharp rise in the spot market, the terminal wait-and-see sentiment is strong, and the transaction has cooled to a certain extent. In the short term, with the strong support of raw materials, it is expected that the spot price of domestic construction steel will increase at a high level in the short term.
Hot-rolled
My Steel News: On December 11, domestic construction steel prices rose sharply, and the ex-factory price of Tangshan Pu billet rose by 20 to 3,680 yuan/ton. After the spot price rose sharply, the terminal wait-and-see sentiment grew stronger, and today's transactions performed generally throughout the day.
On the 11th, the black futures market was mixed. The main closing price of snails was 4033, down 0.20%, and closed above the 5-day moving average. DIF and DEA were in both directions. The RSI three-line indicator was at 76-88, running between the upper and middle tracks of the Bollinger Bands.
On the 11th, 17 construction steel manufacturers across the country raised their ex-factory prices by 20-150 yuan/ton.
Steel spot market
Construction steel: Today, the price of domestic construction steel continues to rise. The average price of rebar in major cities is 4141 yuan/ton, an increase of 45 yuan/ton from the previous trading day, and the Mysteel rebar price index is 4182, an increase of 51 compared to the previous trading day. Specifically, iron ore, coke and other futures continued to rise in the morning, and the snail futures rose and fell. The market mentality changed from optimism to cautious. In the morning, the domestic construction steel market prices rose significantly. In the afternoon, as futures plunged, spot prices in some cities rose. After falling back, most businesses took profits. In the short term, the price of raw materials has continued to strengthen recently, with the help of steel mills, and the overall spot market has risen significantly. However, from the perspective of transactions, after the sharp rise in the spot market, the terminal wait-and-see sentiment is strong, and the transaction has cooled to a certain extent. In the short term, with the strong support of raw materials, it is expected that the spot price of domestic construction steel will increase at a high level in the short term.
Hot-rolled coils: Today, the price of hot-rolled coils in major cities across the country rose sharply. As of press time, the national average price of 4.75 hot-rolled coils was 4,494 yuan/ton, an increase of 74 yuan/ton from the previous trading day. From a regional perspective, all regions of the country are in a state of sharp rise, and the weekly gains in some regions have exceeded 300 yuan/ton this week. Today, the black commodity futures market rose and fell, and the 01 contract closed up 0.59%. Early quotations in the spot market rose sharply. After the rise, the market's high transactions were generally normal. Some merchants cashed out at a slightly lower price. The low transactions were better. In the afternoon, the market speculative sentiment was slightly shaken. Some areas with strong speculative demand appeared. There has been a slight decline. From the perspective of the whole week, the supply-side increase is not large, the inventory continues to decline, and the mismatch between supply and demand still exists. However, steel mills are affected by the rise in raw materials and the cost also rises. With the help of the disk, the spot market is rising. Stronger. At present, the entire black system is in a rising cycle, and in the long run, it is still preferred. However, the price has risen rapidly recently, which may cause the price to fall from a high level. On the whole, the price of hot-rolled coils is expected to be adjusted at a high level next week.
Cold-rolled coils: The spot price of cold-rolled coils across the country rose sharply today. The national average price was 5,482 yuan/ton, up 92 yuan/ton from the previous trading day, of which the Shanghai price was 5640 yuan/ton and the Lecong price was 5430 yuan/ The price in Tianjin is 5340 yuan/ton, and the overall shipment is average. In terms of regions, Shanghai, Hangzhou, Hefei, Tianjin, Wuhan, Lecong, Shenyang, Chongqing, Lanzhou and other places rose 30-200 yuan/ton, etc. Today's electronic market futures rose and fell, and the market sentiment was more optimistic. From a fundamental perspective, car sales in November were 2.77 million, a year-on-year increase of 12.6%, and new energy vehicle sales in November were 200,000, a year-on-year increase of 104.9%. Downstream data performed well. State-owned factories are in short supply of resources, and some lack of specifications is difficult to change in the short term. On the whole, it is expected that domestic cold-rolled prices will run strongly next week.
Plate: The domestic plate market price has risen sharply today. The national average price of 20mm general plate is 4298 yuan/ton, up 74 yuan/ton from the previous trading day. It is understood that due to the sharp rise in futures this morning, traders' quotations have followed up. In terms of steel mills, LG resumed production this week, overhauled NG and CG. The operating rate of the steel mill was 80.00%, which was down 1.54% week-on-month; the capacity utilization rate of the steel plant was 79.52%, which was down 1.61% week-on-month. YBS resumes production, and steel mill operating rate and capacity utilization rate may increase slightly. In terms of inventory, steel mill inventories increased slightly this week, and social inventories decreased slightly. Total inventory decreased by 1.69% week-on-week and increased by 13.96% year-on-year. On the whole, it is expected that the price of domestic plate will fluctuate and strengthen next week.
Raw material spot market
Imported ore: Today, the price of imported iron ore stretches, and the market volume shrinks. In the morning, most of the Shandong traders’ quotations increased by 20-30 yuan/ton from yesterday. The main port of Shandong PB powder was quoted at 1050 yuan/ton, and the price of super-special powder was 900 yuan/ton. The bargaining space was around 5-10 yuan/ton. Some traders are optimistic about the market outlook and are reluctant to sell. In terms of steel mills, early morning buying is weak, mainly due to the excessively rapid market growth and the weather. Some steel mills have sintering restrictions. Therefore, today’s buying is poor and the market goes in the afternoon. Weak, the bargaining space of traders has narrowed earlier. For example, the bargaining space of PB powder has expanded from 5-10 yuan/ton in the morning to 20 yuan/ton in the afternoon, but the market transactions did not pick up in the afternoon, and transactions were conducted throughout the day. More sluggish.
Coke: The domestic coke market is operating steadily today. In terms of supply, the Shanxi region recently issued an emergency notice to speed up capacity reduction, requiring a total of 12.14 million tons of production capacity to be shut down. The supply of coke continues to shrink. At present, most coking enterprises maintain high-load production and shipments are in good condition. In terms of demand, the operating rate of steel plants is high and stable, and the enthusiasm for purchasing coke is relatively high. On the whole, the tight coke supply situation has not yet been alleviated, and the demand for coke from steel mills is still strong. It is expected that the coke market will continue to operate stably in the short term.
Scrap steel: Today, the scrap steel market continues to operate strongly, with price-adjusted steel mills rising more and less, and the market mentality is general. The scrap prices of mainstream steel mills remain stable. Specific to the market, on the 11th, the average price of scrap steel in 45 major markets across the country was 2574 yuan/ton, an increase of 12 yuan/ton from the previous trading day. Specific to the steel mills, on the 11th, the leading steel companies in East China unloaded 1,7500.25 tons of scrap yesterday, a decrease of 12.5% from the previous day; today, there are 58 ships, 6 sea ships, 161 vehicles and 32 briquetting vehicles. Today's black futures have dived from the high table, and the correction has been large. The scrap market is affected by supply and demand, and the national scrap price has generally risen. The scrap market resources are still tight. Even if steel mills increase and absorb goods, the market volume still does not increase. Traders generally report that the supply is tight, and steel mills have early winter storage and replenishment expectations. In the short term, scrap prices are likely to rise difficult fall. The scrap market price is expected to consolidate within a narrow range tomorrow.
Steel market forecast
This week, Mysteel surveyed 247 steel plants' blast furnace ironmaking capacity utilization rate of 91.47%, a decrease of 0.93% from the previous month. The 71 electric arc furnace steel plants across the country had an average operating rate of 67.19%, the same as last week, and a decrease of 7.05% from last year.
Scrap steel has risen slightly this week, the price of finished products has stabilized and strengthened, the profits of electric furnace steel enterprises are still at a good level, and the output has expanded slightly. Entering next week, due to the continuous rise of coke and ore, scrap steel prices may increase, and the prices of finished materials are expected to continue to operate at a high level when inventories continue to decline. The profits of electric furnace steel companies are guaranteed, and output may not decline significantly. However, due to the stagnant supply of scrap raw materials and sales of finished products in some northern regions, production may be suspended in winter.
