From 8 o'clock on the 22nd, Handan City upgraded the emergency response to the heavy pollution weather level (orange) to the level (red) emergency response, and the whole city implemented various emergency emission reduction measures in strict accordance with the relevant requirements of emergency emission reduction, and the lifting time will be notified separately.
Recently, the U.S. dollar index has been weak, testing the key support level of 1220, the biggest drop in a week, and falling to the lowest since early August. The U.S. GDP growth rate was revised downward, and the GDP growth rate in the third quarter was 52% downward revision to 49%, supporting bets on the Fed cutting interest rates next year, supporting the long-term upward trend in commodities.
December 23 Tangshan Steel City Express
On the morning of December 23, the factory of Tangshan Qian'anpu billet was stable at 3,680 yuan compared with yesterday, and the storage spot tax included about 3,750 yuan tons. In the morning, the billet market transaction was weak, and the downstream finished products were running steadily. The following are the varieties in Tangshan** and the transaction details:
Section steel] Tangshan section steel factory: ** stable operation, the current mainstream steel mills ** I-beam 4000 yuan ton, angle steel 4040 yuan ton, channel steel 4000 yuan ton, the market is more wait-and-see, the overall transaction is weak.
Strip steel] Tangshan 145 strip market: the mainstream ** is more stable than yesterday, the mainstream of the market ** 3930 yuan ton, the transaction is average.
Tangshan 355 strip steel market: ** compared with yesterday, the spot mainstream is 3950 yuan tons, the market forward is basically the same as the spot resources, and the transaction is average.
Hot rolling, cold rolled base material].
Tangshan open flat plate market: ** compared with yesterday up 10, the mainstream of the market 1500 wide open flat plate reported 4030 yuan ton, manganese Kaiping 4180 yuan ton. **Revised slightly upward, the market is trading cautiously.
Tangshan cold-rolled base material market: ** stable compared with yesterday, the mainstream of the market 30*1010 is 4000 yuan ton;3.0*1210 is 4000 yuan ton. **Mainly, the transaction is weak.
Medium plate] Tangshan plate market: ** stable compared with yesterday, 14-30 general plate reported 4000 yuan ton, low alloy reported 4200 yuan ton. In the morning, the main market was stable, and the transaction was weak.
Pipe] Tangshan welded pipe, galvanized pipe market: up 30 yuan ton, 4 inches 375mm new national standard hot-dip galvanized pipe, Tangshan Huaqi reported 4720 yuan ton;4-inch welded pipe Tangshan Huaqi reported 4110 yuan ton, and the transaction was average.
Tangshan market disc buckle steel pipe scaffold market: **stable, 25m pole 5450-5470 yuan ton, 09m crossbar 5360-5370 yuan ton, cable-stayed rod 5120-5170 yuan ton, including tax over the pound. **Stable, weak transaction.
Building materials] Tangshan construction steel market: temporarily stable, now the large thread is 3850 yuan ton, the small thread is 3870 yuan ton, the coil snail is 4040 yuan ton, the market is temporarily stable, and the current transaction is average.
Next week's construction steel market supply and demand**
In the past two days, the Beijing-Tianjin-Hebei region has issued an early warning policy for heavy pollution weather, and related enterprises may face maintenance and production reductions in the later period. However, from the perspective of **, it may play a certain role in supporting the market. In addition, interest rate cuts are expected to increase in the afternoon, while the raw material market remains high and firm, and the loss pressure of steel companies is obvious, so the market strength factor still exists. Therefore, it is expected that the billet will remain firm in the near future.
On the financial market, the spiral index continued to be the first in this cycle;At the macro level, the market has certain expectations for next year's fiscal force, but there is controversy over the completion of the property market adjustment next year, and most believe that the probability of a larger-than-expected rebound in aggregate demand next year is not high. At the end of recent years, the black industry chain transaction will return to the fundamentals of the industry, and the proportion of macro disturbances is not high. To sum up, the national construction steel market is expected to run at a high level next week.
At present, the list of the second batch of projects for the issuance of additional treasury bonds under the macro policy has been issued rapidly, the funds for the additional issuance of treasury bonds have rapidly flowed into project investment, most of the trillions of additional treasury bonds have been put in place, and the policy has accelerated the landing of funds, indicating that the goal of recovering the economy is firm, and the macro policy trend remains unchangedRead on to ......
This week, the spot market fell first and then rose
In the 24 markets of building materials, the average price of rebar 20mmHRB400E this week was 4037 yuan, down 3 yuan tons from the average price last week
Hot coil 24 markets, 475 hot-rolled coils this week's average **4096 yuan ton, up 31 yuan tons from last week's average price;
In the 21 markets of medium and heavy plates, the average price of Q235B this week was 4107 yuan tons, up 15 yuan tons from the average price last week.
From December 19th to 22nd, Tangshan Qian'an Pu carbon billet rose by 70 to 3,680 yuan tons, including tax.
**Hold green to the downside
On the night of December 22, the main force of black rebar fell 7 and closed at 3995, down 017%；The main force of hot coil fell 5 to close at 4117, down 012%；The main force of coking coal fell 4 to close at 19755. Decreased by 02%；The main force of coke rose 55, closed at 2580, an increase of 021%；Iron ore rose 4 to close at 977, up 041%。
Integrated perspectives
After the major state-owned banks lowered their deposit interest rates and the Ministry of Housing and Urban-Rural Development implemented the good news of the three major projects, the National Development and Reform Commission issued a list of the second batch of projects for the issuance of additional treasury bonds in 2023, and more funds were invested in specific projects, driving market expectationsAbove, residential electricity consumption has increased significantly, the domestic demand for coal has increased, and steel enterprises have entered the stage of winter storage and replenishment, iron ore and bifocal strong support, the cost side is still strong, and the business bullish expectations are raised, and it is expected that next week the steel will fall first and then rise, with a range of 20-50 yuan tons.
Influencing factors of the steel market
01. The operating rate of blast furnaces and electric furnaces has declined
This week, the blast furnace operating rate of 247 steel mills was 7771%, down 06 percentage points, a year-on-year increase of 178 percentage points;The profitability of steel mills is 3377%, down 173 percentage points, a year-on-year increase of 1212 percentage points;The average daily output of molten iron is 226640,000 tons, a decrease of 0220,000 tons, an increase of 4 year-on-year690,000 tons. The average operating rate of 87 independent electric arc furnace steel mills in the country is 7464%, a decrease of 031 percentage points.
According to this week's data, since the beginning of winter, the heavy pollution weather in many cities has increased, Hebei Province and Shandong Province have successively opened environmental protection and production restrictions, the operating rate of steel mills has declined, and the amount of steel has declined, alleviating the pressure of steel supply and demand.
02. The list of the second batch of projects for the issuance of additional treasury bonds was issued
According to the official WeChat news of the National Development and Reform Commission, recently, the National Development and Reform Commission and relevant departments issued a list of the second batch of projects for the issuance of additional treasury bonds in 2023, involving more than 9,600 additional treasury bond projects, and plans to arrange more than 560 billion yuan of treasury bond funds. Up to now, the first two batches of projects have involved arranging the issuance of additional treasury bonds with an amount of more than 800 billion yuan, and most of the additional issuance of 1 trillion yuan of treasury bonds has been implemented in specific projects.
With the issuance of the second batch of projects of trillions of national bonds, the deficit rate has increased after the issuance of additional national bonds, alleviating the pressure on local governments, optimizing the debt structure, and more treasury bond funds have flowed into project investment, driving steel demand and benefiting the trend of steel products.
03. There is still a lot of room for monetary policy to cut interest rates and reserve requirements
On December 23, the 2023 Annual Meeting (10th) of the China Wealth Management 50 Forum was held in Shenzhen. Lou Jiwei, chairman of the Global Wealth Management Forum and former minister of the Ministry of Finance, said that in accordance with the requirements of flexibility, moderation, precision and effectiveness, China's monetary policy has greater room for interest rate cuts. It is better to keep the fiscal deficit at 3 next year8%。At the same time, there is no need for China to increase excessive public investment next year, but it is important to increase general expenditure.
With the continuous implementation of favorable macro policies, the state has strengthened the role of counter-cyclical and cross-cyclical capital adjustment, used more financial tools to stimulate economic recovery, alleviate market capital pressure, drive project investment expectations, increase steel demand, and benefit the trend of steel.
04. Ministry of Information Technology: Strictly control the new production capacity of steel.
The Ministry of Industry and Information Technology recently said that in 2024, it will strengthen the normative guidance of industries with excess capacity, strictly control the new production capacity of steel, carry out industrial digital carbon management pilots, in-depth implementation of industrial energy efficiency and water efficiency improvement actions, actively explore emerging market-oriented ways of comprehensive utilization of solid waste, vigorously develop green and low-carbon industries, and comprehensively promote green manufacturing.
Analyst's view: the steel industry has serious overcapacity and has been in a state of imbalance between supply and demand for a long time. In order to alleviate the pressure and promote the "double carbon" goal, the state emphasizes that it is strictly forbidden to add new steel production capacity, which will help reduce carbon emissions and improve the quality and efficiency of the industry, thereby promoting the sustainable development of the steel industry and improving the steel price trend in the medium and long term.
05. Coal import tariffs will be resumed from next year.
**The Customs Tariff Commission issued an announcement that import duties on coal will be reinstated from January 1, 2024. Australia, ASEAN continue to implement zero tariffs on imported coal;Other countries import coal at MFN rates, with tariffs of 3% for anthracite, coking coal and lignite, and 6% for thermal coal.
Analyst's view: the supply of coking coal will be limited in 2024, but the demand may still grow, and it is expected that the coking coal will run at a high level in 2024, and coking companies are expected to have better profit margins in the future due to their lower valuations than thermal coal companies. Recently, the supply of coal has rebounded, and the relationship between supply and demand is difficult to say loose, which is expected to continue to support the high-level operation of bifocal.
06. U.S. economic indicators continued to decline in November.
U.S. housing and labor market indicators weakened, while leading credit indices and manufacturing new orders remained unchanged, suggesting that recent economic growth momentum has been insufficient. Despite the improvement in consumer confidence in December, leading indicators point to a slowdown in economic activity going forward. The industry expects a brief and mild recession in the United States in the first half of 2024.
Analyst Opinion: The Fed cuts interest rates with the intention of lowering borrowing costs, encouraging business investment and consumer pointing, thereby supporting economic growth. The U.S. economic data in the third quarter was revised downward, and the market's expectations for the Fed to cut interest rates remained stable, and it is still believed that the interest rate cut in March next year is a high probability event, which is good for steel prices in the medium and long term.
Steel mill price adjustment on Saturday, December 23, 2023
1. Shanxi Jingang Iron and Steel Co., Ltd.
On December 23, Shanxi Jingang adjusted the ex-factory of some products, based on the "10 yuan ton of Shanxi Jingang construction steel ex-factory on December 22", and raised 20 yuan ton, the specific adjustment is as follows:
1. The base price of rebar is not adjusted in the previous period, and now 12mmHRB400E is 4020 yuan ton, 14mmHRB400E is 4010 yuan ton, 16mmHRB400E is 3880 yuan ton, 18mmHRB400E is 3830 yuan ton, 20mmHRB400E is 3820 yuan ton, 22mmHRB400E is 3830 yuan ton, 25mmHRB400E** is 3850 yuan ton, 28mmHRB400E is 3940 yuan ton;
2. The high line is raised by 20 yuan tons, and the 8-10mmQ195 Q235 high line is now 3890 yuan tons.
3. The coiled snail was raised by 20 yuan tons, and now the 8-10mmHRB400E coiled snail is 4080 yuan tons.
The above adjustments are all tax included** and will be implemented from December 23, 2023.
Second, Shiheng Special Steel's product adjustment policy.
On December 23, Shiheng Special Steel adjusted the factory of some products, based on the "December 22 Shiheng Special Steel Construction Steel Reduction of 20 Yuan Tons", and the specific adjustment was as follows:
1. Rebar is lowered by 20 yuan tons, and now 22mmHRB400E is 3870 yuan ton, 10mmHRB400E is 4050 yuan ton, 12mmHRB400E is 4020 yuan ton, 14mmHRB400E is 3990 yuan ton, 16mm, 18mm, 20mm, 25mmHRB400E is 3960 yuan ton, 28mm, 32mmHRB400E is 3960 yuan ton, 28mm, 32mmHRB400E is executed** 4020 yuan ton, 36-40mmHRB400E is 4150 yuan ton, 22mmHRB500e is 4110 yuan ton;
2. The coiled snail is reduced by 20 yuan tons, and now 10mmHRB400E is 4110 yuan tons, 6mmHRB400E is 4460 yuan tons, 8mmHRB400E is 4140 yuan tons, 12mmHRB400E is 4310 yuan tons, and 10mmHRB500E is 4350 yuan tons;
3. The high line is adjusted by 20 yuan tons, and now 10mmhpb300 is 4110 yuan ton, 8mmhpb300 is 4140 yuan ton, 6mmhpb300 is 4460 yuan ton, and 12mmhpb300 is 4310 yuan ton
The above adjustments are all tax included** and will be implemented from December 23, 2023.
Third, Laigang Yongfeng building materials ** adjustment policy.
On December 23, Laigang Yongfeng adjusted some products to the factory, based on the "December 22 Laigang Yongfeng construction steel ** reduced by 20 yuan tons", ** reduced by 20 yuan tons, the specific adjustment is as follows:
1. Rebar is lowered by 20 yuan tons, and now 22mmHRB400E is 3870 yuan ton, 10mmHRB400E is 4050 yuan ton, 12mmHRB400E is 4020 yuan ton, 14mmHRB400E is 3990 yuan ton, 16mm, 18mm, 20mm, 25mmHRB400E is 3960 yuan ton, 28mm, 32mmHRB400E is 3960 yuan ton, 28mm, 32mmHRB400E is executed** 4020 yuan ton, 36-40mmHRB400E is 4150 yuan ton, 22mmHRB500e is 4110 yuan ton;
2. The coiled snail is reduced by 20 yuan tons, and now 10mmHRB400E is 4110 yuan tons, 6mmHRB400E is 4460 yuan tons, 8mmHRB400E is 4140 yuan tons, 12mmHRB400E is 4310 yuan tons, and 10mmHRB500E is 4350 yuan tons;
3. The high line is adjusted by 20 yuan tons, and now 10mmhpb300 is 4110 yuan ton, 8mmhpb300 is 4140 yuan ton, 6mmhpb300 is 4460 yuan ton, and 12mmhpb300 is 4310 yuan ton
The above adjustments are all tax included** and will be implemented from December 23, 2023.
Fourth, Shanxi Jinnan iron and steel building materials ** adjustment policy.
On December 23, Shanxi Jinnan Iron and Steel adjusted the factory of some products, based on the "stable construction steel factory of Shanxi Jinnan Iron and Steel on December 22", which was stable, and the specific adjustments are as follows:
1. The high line maintains the base price of the previous period without adjustment, and is now 65mmQ235 is 4090 yuan ton, 8-10mmQ235 is 4040 yuan ton, 6mmHPB300 is 4140 yuan, 8-10mmHPB300 is 4070 yuan
2. The base price of coiled snails is not adjusted in the previous period, and the current 6mmHRB400E is 4240 yuan tons, and 8-10mmHRB400E is 4060 yuan tons
3. The base price of rebar is not adjusted in the previous period, and the implementation of 14mmHRB400E rebar is 4110 yuan tons.
The above adjustments are all tax included** and will be implemented from December 23, 2023.
Fifth, Puyang Iron and Steel part of the product adjustment policy.
On December 23, Puyang Iron and Steel adjusted the factory of some products, based on the "December 22 Puyang Iron and Steel ** raised by 20 yuan tons", which was stable, and the specific adjustments are as follows
Medium and heavy plate maintain the base price of the previous period is not adjusted, and now 20mm * 2200Q235 medium and heavy plate is 3970 yuan ton.
The above adjustments are all tax included** and will be implemented from December 23, 2023.
Sixth, some of Hua Wei's products ** adjustment policy.
On December 23, Hua Wei adjusted the factory ** of some products, based on "20 yuan ton (new) raised the medium and heavy plate of Hua Wei Sheet Factory on December 22", which was stable, and the specific adjustment was as follows:
1. Medium and heavy plate to maintain the base price of the previous period is not adjusted, now 14-20mm*2000Q235B is 4120 yuan tons, 6mm*2000Q235B is 4280 yuan tons, 8mm*2000Q235B is 4150 yuan tons, 12mm*2000Q235B is 4150 yuan tons, 22 25mm*2000Q235B is 4150 yuan tons;
2. The base price of the low-alloy plate is not adjusted in the previous period, and the implementation of the 14-20mm*2000Q355B low-alloy plate is 4270 yuan tons.
The above adjustments are all tax included** and will be implemented from December 23, 2023.
7. Changzhou Oriental Special Steel's first product adjustment policy.
On December 23, Changzhou Oriental Special Steel adjusted the factory of some products, based on the "December 22 Changzhou Oriental Special Steel Part of the Round Steel Adjustment Information", which was stable, and the specific adjustments are as follows
1. Puyuan maintains the base price of the previous period without adjustment, and now 20-24mmQ235 (b) is 4380 yuan ton;
2. The base price of carbon steel is not adjusted in the previous period, and the implementation of 20-24mm35 is 4400 yuan tons
3. The hot-rolled pipe billet maintains the base price of the previous period and is not adjusted, and the current 20-24mm20 implementation is 4400 yuan ton
4. The base price of bonded steel is not adjusted in the previous period, and the implementation of 20-24mm40cr 20cr is 4600 yuan ton
The above adjustments are all tax included** and will be implemented from December 23, 2023.
8. Adjustment policy for some products in the post-British market.
On December 23, Houying adjusted some products to the factory, based on "December 22, Houying raised 20-50 yuan tons", which was stable, and the specific adjustments are as follows:
1. The high line maintains the base price of the previous period without adjustment, and now the implementation of 8-10mmQ235B is 3900 yuan ton, and the implementation of 8-10mmHPB300 is 3930 yuan ton
2. The base price of rebar is not adjusted in the previous period, and the current 18-25mmHRB400E rebar is 3840 yuan tons.
The above adjustments are all tax included** and will be implemented from December 23, 2023.
9. Shougang Changzhi has adjusted the policy of some products.
On December 23, Shougang Changgang adjusted the ex-factory ** of some products, based on "Shougang Changgang ex-factory **stable on December 22", and the specific adjustments are as follows:
1. The high line is raised by 20 yuan tons, and now the implementation of 6mmhpb300 is 4030 yuan tons, and the implementation of 8-10mmHPB300 is 3930 yuan tons
2. The coiled snail was raised by 20 yuan tons, and now 6mmHRB400E is 4120 yuan ton, 8mmHRB400E is 3920 yuan ton, and 10mmHRB400E is 3920 yuan ton
3. The base price of rebar is not adjusted in the previous period, and now 12mmHRB400E is 4030 yuan ton, 14mmHRB400E is 4010 yuan ton, 16mmHRB400E is 3860 yuan ton, 18-22mmHRB400E is 3830 yuan ton, 25mmHRB400E is 3860 yuan ton, 28-32mmHRB400E is 3950 yuan ton;
The above adjustments are all tax included** and will be implemented from December 23, 2023.
10. Shanxi Huaxinyuan part of the product adjustment policy.
On December 23, Shanxi Huaxinyuan adjusted the factory of some products, based on the "stable production of Shanxi Huaxinyuan Iron and Steel on December 22", which was stable, and the specific adjustments are as follows:
1. The high line maintains the base price of the previous period without adjustment, and is now 65mmq195 is 4240 yuan ton, 8-10mmq195 is 4160 yuan ton, 65mmQ235 is 4240 yuan ton, 8-10mmQ235 is 4160 yuan ton, 6mmHPB300 is 4260 yuan ton, 8-10mmHPB300 is 4190 yuan ton;
2. The base price of coiled snails is not adjusted in the previous period, and the implementation of 6mmHRB400E is 4430 yuan tons, and the implementation of 8-10mmHRB400E is 4250 yuan tons
The above adjustments are all tax included** and will be implemented from December 23, 2023.
Ten. 1. The first adjustment policy of some products of Zhongtang Special Steel.
On December 23, Zhongtang Special Steel adjusted the ex-factory of some products, based on the "December 22 Zhongtang Special Steel hot coil strip ex-factory increase of 30 yuan tons", and the strip steel was reduced by 10 yuan tons, and the specific adjustments are as follows:
1. The hot-rolled coil maintains the base price of the previous period is not adjusted, and the implementation of 1000-1030mmQ195 is 3870 yuan ton, and the implementation of 1000-1030mmq235b is 3870 yuan ton
2. Strip steel is lowered by 10 yuan tons, and now 595-630mmQ195 is 3850 yuan tons, 595-630mmQ235b is 3850 yuan tons, 685-720mmQ195 is 3850 yuan tons, and 685-720mmq235b is 3850 yuan tons
The above adjustments are all tax included** and will be implemented from December 23, 2023.
Ten. Second, the adjustment policy of some products of Donghai Iron and Steel.
On December 23, Donghai Iron and Steel adjusted the ex-factory ** of some products, based on the "December 22 Donghai Iron and Steel hot-rolled strip ex-factory ** raised by 20 yuan tons", and the specific adjustments are as follows:
Strip steel down 10 yuan ton, now 335-365mmq195-235 implementation ** for 3910 yuan ton, 460-520mmq195-235 implementation ** for 3920 yuan ton, 570-630mmq195-235 implementation ** for 3930 yuan ton;
The above adjustments are all tax included** and will be implemented from December 23, 2023.
Steel prices next week**
Compared with last week, the main steel varieties this week have increased sharply and decreased significantly. The raw material market iron ore *** 20-25 yuan, scrap *** 20-40 yuan, billet *** 50 yuan, the overall trend is stable and upward, next week ** how to go, look down ......
The influencing factors of the steel market are as follows
1. In November this year, the country started to renovate 5 old urban communities30,000.
As of the end of November this year, a total of about 6 urban renewal projects of various types have been implemented across the country60,000. Among them, the new construction of the renovation of old urban communities 530,000, benefiting 8.82 million households. (Xinhua News Agency).
2. The Ministry of Industry and Information Technology expects the annual industrial added value to increase by 4 percent year-on-year3% or more.
Since the beginning of this year, China's industrial economy has shown a rebounding trend, and it is expected that the annual industrial added value will increase by 4% year-on-yearMore than 3%, the added value of the manufacturing industry accounted for basically stable GDP, and the overall scale has remained the first in the world for 14 consecutive years. (People's Daily Online).
3. The list of the second batch of projects for the issuance of additional treasury bonds was issued, with a cumulative amount of more than 800 billion yuan.
With the issuance of the second batch of projects of trillions of national bonds, the deficit has increased after the issuance of additional national bonds, alleviating the pressure on local governments, optimizing the debt structure, and more treasury bond funds have flowed into project investment, driving steel demand and improving the trend of steel products. (Interface News).
In terms of the spot market
Rebar of the week: slightly**.
Thread demand into the seasonal off-season, the next few weeks of domestic temperature rise, thread demand is expected to rise month-on-month, superimposed steel mills are in the winter storage raw material cycle, cost support is still strong, is expected to be stable and strong rebar next week.
Hot Roll of the Week: Wide Upward Adjustment.
The raw material side continues to run strongly, and the hot coil ** has support, and it has been running strongly at a high level. Although the transaction has been flat recently, the contradiction between supply and demand has not been worsened, and market confidence has been supported.
Mid-week: Steady upside.
The decline of molten iron narrowed, year-on-year at a high level, steel mills are in the stage of winter storage and replenishment of raw materials, coal mine accidents in some areas are frequent, bifocal ** tightened, the cost side of the plate ** drive strengthened, and it is expected that the plate will rise steadily in the middle of next week.
This week's strip: **Strong.
At present, downstream enterprises are still running with low inventory, and the support is still strong, and it is expected that the strip will run strongly next week.
Profile of the week: Slightly upward.
Tangshan City has implemented the environmental protection production restriction policy since the 23rd, and the manufacturers are expected to stop production and shrink, and the operation of Liduo section steel, coupled with the recent coal and coke security inspection has entered a high-pressure state again, and the cost side will continue to give support, and it is expected that the profile will run strongly next week.
This week's pipes: mixed.
This week, many places once again introduced heavy pollution weather environmental protection control, the pipe factory is expected to reduce the first end, the current black series is rising, the snail continues to break through on Friday, the market sentiment is good, and it is expected that the pipe will rise steadily next week.
In terms of the raw material market
Today's billet: steady upside.
The short-term billet loss situation is difficult to change, but the cost support role still exists. In addition, near the end of the month, the delivery of documents will gradually increase, or give some support to the market price, and it is expected that the billet will be slightly raised next week.
Iron ore this week: first weak and then strong.
The operating rate and hot metal production continue to decline, and there is still an expectation of decline in the short term, which has formed a certain impact on iron ore demand, but the inventory of steel mills is low, and the fundamentals are still supported.
Coke this week: Slightly stronger.
The actual transaction of the coke market is average, the trading atmosphere is slightly deserted, and the four rounds of coke price increases have not responded, the market direction has begun to change, the sentiment has changed to weak, and the coke market is expected to run steadily next week.
This week's scrap: strong operation.
At present, the actual transaction of finished steel is mainly poor, which inhibits the rise of scrap. However, considering that the steel mills have a demand for replenishment of raw materials at the end of the year, and there is a downward trend in the production of scrap, the fundamentals of scrap steel itself are relatively healthy, and it is expected that scrap will be stable and strong next week.
This week's pig iron: weak and wait-and-see.
Futures steel held red, boosting the mentality of pig iron merchants, but the market transaction is still sluggish, but the cost of raw materials fluctuates little. In the short term, high cost and low demand continue to game, and it is expected that the pig iron market will be adjusted next week.
Integrated perspectives
This week, with the rise of raw materials, the cost of steel enterprises has increased, and the reduction of the deposit interest rate of many large state-owned banks has boosted market confidence, and the center of gravity of steel transactions has moved upward. However, from a fundamental point of view, the rise and fall of spot prices is relatively limited, and with the winter solstice, the weather turns colder, the later demand is expected to decline, and the short-term finished product is not large, and it is expected that the steel price will be stable and strong next week, with a range of 10-40 yuan.
Decision-making suggestions: once the market trend is weak, there is still the possibility of spot at any time, and it is recommended that high inventory merchants cash out profits in batches and operate steadily. (For reference only, not investment advice).
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