On August 31, the domestic steel market price mainly increased, and the ex factory price of Tangshan ordinary billet increased by 30 to 5020 yuan / ton. In early trading today, most businesses continued to rise slightly, but the steel futures market opened high and went low, the transaction in the spot market was poor, and some businesses secretly dropped shipments in the afternoon.
On the 31st, eight steel mills nationwide raised the ex factory price of construction steel by 10-100 yuan / ton.
Construction steel: on August 31, the average price of 20mm grade III seismic deformed steel bars in 31 major cities in China was 5318 yuan / ton, an increase of 14 yuan / ton compared with the previous trading day. Specifically, in early trading, snail prices continued to rise yesterday. In the morning, spot prices in major domestic cities continued to rise as a whole, and the increase was significantly narrower than yesterday. In terms of transaction, today's market trading atmosphere is relatively light, the downstream procurement enthusiasm is low, and there is not much speculative demand. In the afternoon, the snail fell, and some market quotations fell. The transaction volume is significantly lower than yesterday.
Cold rolled coil: on August 31, the average price of 1.0mm cold coil in 24 major cities in China was 6509 yuan / ton, an increase of 2 yuan / ton compared with the previous trading day. Today, the transactions in various markets are general, the afternoon futures shock is weak, the market confidence is obviously insufficient, and traders feed back that the continuity of recent market transaction preference is very poor; Angang and Benxi Iron and steel overhauled in September. Angang's box plate resources are tight and the market quotation is high; It is learned from the steel plant that the orders of the steel plant in September are OK, and the main orders are still traders. The willingness of downstream terminals to prepare a large number of goods is poor, and they are mainly purchased on demand; In terms of mentality, when the peak season of steel market comes in September, the market has certain expectations, and the mentality is cautious and optimistic.
Hot rolled coil: on August 31, the average price of 4.75mm hot rolled coil in 24 major cities in China was 5743 yuan / ton, unchanged from the previous transaction. Today, the black commodity futures market fluctuated and weakened, the early quotation of the spot market rose slightly, and some parts of the South made up for yesterday's increase. After the rise, the market transaction was poor, and the disk began to weaken in the afternoon. The prices of some cities fell slightly and traded prices for volume. At present, the wait-and-see mood in the downstream is aggravated, the sustainability of procurement is weakened, and the market demand is so so.
Raw material spot market
Imported ore: on August 31, the spot market of imported ore fluctuated in a narrow range, the overall market atmosphere was general, and there were few transactions. In the afternoon, even the iron plate fluctuated downward, and most traders' quotations were converted to single negotiation. There was speculative demand. Steel mills still maintained their just need to purchase, but most of them were exploratory inquiries.
Coke: on August 31, the market was strong, and the price of coke in Shandong and Hebei increased by 120 yuan / ton since September 1. In terms of supply, recently, the environmental protection inspection in Shandong has become stricter. The production limit of coke enterprises in Heze area is about 50%. The rest of the production limit ranges are different, and the supply is reduced slightly, but the expected production limit time is short and the reduction is limited; Individual coke enterprises in Shanxi implement production restriction due to raw material restrictions. In terms of demand, the blast furnace operating rate of the steel plant decreased slightly, the coke inventory increased slightly, and the contradiction between supply and demand is improving. The profit of coke enterprises is squeezed by the raw material side, and the psychology of transferring the pressure on the cost side by raising prices still exists. However, the profit of steel mills is lower than the high level in the early stage, which has been in conflict with frequent price increases, so it is necessary to beware of the risk of market correction.
Scrap: on August 31, the scrap market price was mainly stable, the scrap price of mainstream steel mills was stable, and the scrap price of mainstream market was stable. On the 31st, the average price of scrap steel in 45 major markets in China was 3318 yuan / ton, up 2 yuan / ton from the previous trading day. The supply and demand of scrap steel is in tight balance, and the cost performance is still.
Supply and demand of steel market
In the short term, under the background of environmental protection supervision and reduction of crude steel production, the space for supply growth will still be limited, and the performance of the demand side will become an important factor affecting the steel price. This morning, most steel market prices rose, but the market trading atmosphere was light, the downstream procurement enthusiasm was low, there was not much speculative demand, and some market quotations fell in the afternoon.
Post time: Sep-01-2021