On September 22, the domestic building materials market price generally rose, and the plate market price went up and down. The ex-factory price of Tangshan ordinary billet was stable at 5230 yuan/ton($817/ton).Due to the recent increase of steel factories' overhauls of China and market resources is tight ,coupled with a new round of ex-factory prices raised by mainstream steel companies, traders’ purchase costs have risen, and quotations have risen accordingly.
On September 22, the black futures market rose across the board, and the coal futures rose sharply; the main force of the futures snails fluctuated and strengthened, and the closing price of 5656 rose 2.93%. DIF and DEA both went up in both directions. The RSI third-line indicator was located at 56-66, close to the Bollinger Band. Run on track.
Steel spot market
Construction steel: On September 22, the average price of 20mm three-level seismic rebar in 31 major cities of China was 5754 yuan/ton($899/ton), an increase of 86 yuan/ton($13.4/ton) from the previous trading day.
Hot-rolled coils: On September 22, the average price of 4.75mm hot-rolled coils in 24 major cities across the country was 5,809 yuan/ton($907/ton), an increase of 10 yuan/ton($1.56/ton) from the previous trading day.
Cold rolled coil: On September 22, the average price of 1.0mm cold coil in 24 major cities of China was 6,501 yuan/ton($1017/ton), an increase of 2 yuan/ton($0.31/ton) from the previous trading day.
Win Road International Steel Product
Post time: Sep-23-2021