On December 12, the steel spot market held a steady rise, and the main varieties of the market were all the main ones. According to Reuters, the economic work conference may end on Tuesday, the market expects.
oneAnalysis of long and short factors
1 Ministry of Water Resources: From January to November, the investment in water conservancy construction was 1,093.8 billion yuan, a year-on-year increase of 85%
From January to November, the national new water conservancy project 2730,000, an increase of 2,585 over the same period last year, an increase of 105%；The investment in water conservancy construction was 1,156.5 billion yuan, a year-on-year increase of 09%。The construction of large-scale water conservancy infrastructure has played an important role in stabilizing growth, coupled with the issuance of trillions of national bonds, which is conducive to increasing steel demand and good steel trends.
2 The third round of coke increase landed
After a week of game, on December 11, the third round of coke increase appeared on the ground, Hebei, Tianjin some steel mills today sent a letter to accept the price increase, the third round of coke increase is expected to be fully landed. At present, the raw fuel is still at a high level, and under cost pressure, the mainstream steel mills are more willing to raise prices, which is good for the steel trend.
3 In November, the number of operating hours of China's Komatsu excavators was 1012. Positive growth for two consecutive months
According to data from Komatsu's official website, in November 2023, the number of operating hours of Komatsu excavators in China was 1012 hours, an increase of 02%, an increase of 4% year-on-year. China's Komatsu excavator operating hours have been growing year-on-year for two consecutive months. Approaching the end of the year, key projects across the country have entered the critical period of sprinting to the annual target, driving the acceleration of infrastructure investment, and the recovery of infrastructure investment throughout the year is expected, which is conducive to the increase in steel demand and the trend of steel products.
Second, today's steel market**
1.Spot market
Today, the domestic steel market is stable and rising, and the trading volume is relatively average.
2.Workhorse
*In terms of *, as of the deadline**, the main thread closed up 057% to 4060 yuan, the main force of hot coil closed up 041% to 4155 yuan, the main iron ore closed up 152% to 9695 yuan, the main force of coking coal closed up 254% to 20220 yuan, the main force of coke closed up 217% to 2707$5.
Steel mills adjust prices
According to incomplete statistics, there are 8 steel mills today to adjust the building materials factory, of which 2 are raised and 6 are lowered, with a range of 10-40 yuan tons. The details are as follows:
Up:
1.Lianyuan Steel: Thread ** increased by 10 yuan ton.
2.Guangdong Yougang: thread and coil snail ** increased by 10 yuan ton.
Downgrade:
3.Jiangsu Nangang: Thread ** down 20 yuan ton.
4.Yangtze River: thread ** down 30 yuan ton;The coiled snail ** was reduced by 40 yuan tons.
5.Shiheng Special Steel: thread, wire rod and coil snail ** down 30 yuan ton.
6.Laigang Yongfeng: thread, wire rod and coil snail ** down 30 yuan ton.
7.Shandong Iron and Steel: Thread and coil snail ** down 30 yuan ton.
8.Ma Steel: Thread, wire rod and coil snail ** reduced by 30 yuan ton.
All adjustments are inclusive of tax.
Three. Raw fuel market
Today's Imported Mine:The market of mainstream varieties of imported iron ore is **small**. At present, entering the seasonal off-season, the production of molten iron has fallen, the inventory has increased, the shipment of foreign mines has risen slightly, and the fundamentals of iron ore continue to weaken, but the market has strong expectations for the iron ore replenishment of steel mills.
Coke Today:Coke ** maintained stable and strong operation. Some steel mills in Tianjin, Shijiazhuang and Xingtai raised the wet quenching coke by 100 yuan and the dry quenching coke by 110 yuan, and the third round of coke increases began to land. At present, the demand for replenishment of steel mills is strong, and the support of coke cost is still strong, and it is expected that the coke spot will remain stable and strong tomorrow.
Scrap today:Scrap** held a steady tone, with an upward range of 10-30. With the snowfall in many places in the north, the output and transportation of scrap steel have been affected to varying degrees, which has formed a support for scrap steel, but most of the bases have reduced risks and accelerated the pace of shipments.
Billet Today:Tangshan Qian'anpu billet resources ex-factory tax reported 3,700 yuan tons. The national billet market is adjusted in a narrow range, the snail is upward, the downstream finished products are stable and rising, the overall transaction is average, and it is expected that the billet will continue to rise steadily tomorrow.
Fourth, Tao Xiaogang's point of view
The market has high expectations for the economic work conference, and it is expected that the top management may take more stimulus measures to promote economic recovery. Yesterday, some steel mills accepted the third round of coke increases, due to the high level of raw fuels such as iron ore, forced by cost pressure, mainstream steel mills are more willing to raise prices. On the whole, the demand for steel in the off-season is weak, and strong expectations and high costs support the upward movement of steel pricesIt is necessary to pay attention to the economic work conference, short-term steel prices or high ** operation. It is expected that steel prices will continue to rise steadily tomorrow, with a range of 10-30.
Information reference: China News Network, Jiangke Construction Machinery, Reuters, Xiben Information, Lange Steel Network, My Steel, etc.
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