On the 10th, domestic steel prices fluctuated downward. The prices of construction steel, hot-rolled coil, cold-rolled coil, plate and plate and billet prices all declined slightly. After the Spring Festival, the market's rising sentiment was overwhelmed by heavy snowfall across the country. After starting operations, the steel market stocks have risen sharply, which has depressed the overall market sentiment. After the prices of sensitive varieties of rebar and hot rolled coils were slightly lowered, the decline in steel prices gradually spread. It is expected that the downward trend of tomorrow will continue to be interpreted.
According to monitoring, on the 10th, the average price of Ф25mm third-grade rebar in key domestic cities was 3,393 yuan (ton price, the same below), which was 9 yuan lower than last Saturday; Last Saturday was flat; the average price of 5.5mm hot rolled coils in key domestic cities was 3443 yuan, down 4 yuan from last Saturday; the average price of 1.0mm cold rolled coils in key domestic central cities was 4252 yuan, down 3 from last Saturday Yuan; the average price of 20mm mid-board in key domestic cities is 349 yuan, down 4 yuan from last Saturday.
In terms of raw materials, on the 10th, the 150 * 150 ordinary carbon billet in Tangshan area was 2790 yuan, down 30 yuan from last Saturday; the price of 65-66 grade acidic dry iron fine powder in Tangshan area was 1045 yuan, which was the same as last Saturday; Tangshan area The price of secondary metallurgical coke was 1,300 yuan, which was the same as last Saturday. The main rebar 1405 contract of the last exchange opened lower at 3,404 yuan / ton in early trading on the 10th, and then fluctuated upward, with a minimum of 3,380 yuan / ton and a maximum of 3,428 yuan / ton, closing at 3,421 yuan / ton. Compared with the previous trading day (7th), the settlement price rose by 3 yuan / ton, with 1,560,496 lots traded and 1,252,390 lots held, an increase of 92,026 lots.
The rebar futures in the capital market was driven by the stock market's surge. On the 10th, the small volume increased and the small Yangxian line with a long lower shadow line was closed, indicating that the pattern of short-term price exploration will continue, but the strength of the spot market may be boosted. Relatively limited.
Affected by the spread of the credit crisis in the steel trade industry, the steel trade loans that have been relatively tight have become more difficult in recent times. In addition, the new round of loans after the Spring Festival has not yet come down, the market funds are still biased, and the market after the Lantern Festival will resume business operations. Combining the concentration of resources in place, and the pressure of subsequent market recovery will also force merchants to cut prices and ship products. Therefore, at present, the steel market is hard to be optimistic. Whether it is the expectation of the long-term suppression of commodities by the external Federal Reserve ’s QE reduction trend or the short-term imbalance of domestic supply and demand, the market is difficult to improve, and the tracked and calculated hot rolled coil resource allocation ratio in February is also close to full. It will herald that the hot rolled market in February is expected to hit a relatively low level during the year, of course, it does not rule out the lowest in the year. Therefore, for the February market, caution is still recommended.
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