Since last Friday, the black disk has turned green, January 8, the snail fell 61 yuan again, and the scrap steel has also shown a general trend, as of the afternoon, up to 57 steel mills have lowered the scrap procurement, the market sentiment is pessimistic, and even during the weekend, there are people who spread fake price drop information (as shown below), so that many old iron panicked, have accelerated the speed of shipments.
This news is fake news, but the effect of selling down and not selling up has indeed stimulated a lot of goods. Since the weekend, the arrival volume of steel mills and bases has increased significantly, and there are more goods, which will naturally reduce prices.
The fear of falling has risen, and the arrival of steel mills across the country has surged
Then again, why did the snail suddenly dive?Some ** reasons have also been sorted out for the reference of the old iron:
First, the first is the influence of macro factorsThe global economic growth is slow, the macro expectations in the early stage are distorted, and there is no new news to stimulate at this stage
Second, from the perspective of finished product demandThe transaction of finished products has been low for several days, and the billet has been accumulated for 16 consecutive days, and the reality of weak demand has been amplified
Third, the impact of fundingTowards the end of the year, the capital turnover of all links in the transaction chain has increased, and it is not excluded that some speculators will withdraw from the market and realize it.
Will the scrap fall sharply due to the downward impact of the snail?
Specifically, the effect of raising prices and replenishing warehouses of steel mills in the early stage is not good, and it is still at the high point of steel mills' winter storage demand, and the overall winter storage gap is large. The large-scale shipment caused by this ** is in the arms of the steel mill, and it is also a basic operation to explore the trend in order to reduce procurement costs. However, I personally believe that this wave of price decline will not be too large, mainly because the current scrap output is limited, and some bases still have the intention of hoarding goods to rise or to be the best, the steel mill side can not guarantee the sustainability of high arrivals, if the later arrival volume declines, scrap steel will also stop falling and stabilize.
On the whole, the current surge in arrivals is mostly the highest level of steel mills, more parts of the steel mills are still difficult to replenish, and the inventory of the leading steel mills is not high, and the scrap steel ** can rise back after a lap a year ago!Don't panic, old irons!
The U.S. non-farm payrolls data performed stronger than expected, the Federal Reserve's interest rate cut expectations were delayed, and the dollar index rose, resulting in ** and commodities** falling, and the domestic market was in the macro policy vacuum stageIn the case of the first decline, the market transaction logic has changed, the downstream terminal demand occupies a dominant position, the mentality of market merchants has changed, the transaction is sluggish, and the steel trend in the later period is what is the trendRead on to ......
The spot did not stop falling, and the snail did not stick. Today, after the main contract of Shanghai Iron and Steel opened low in the morning, it was close to the morning **down,In the afternoon, there was a slight adjustment, and all contracts **settlement** closed in the green. The main force of thread hot coil continued to fall by more than 1%, the main force of thread closed at 3950 points, and the main force of hot coil was 4051 yuan ton.
The spot transaction of steel fell, and the atmosphere of the superimposed commodity market was weak, and the futures and spot prices were small. Last weekend,Tangshan Qian'an Pu billet fell 10 to 3650 yuan ton, today Shanghai thread *** 20 yuan to 3960 yuan ton, Zhangjiagang hot coil ** down 10 yuan to 4050 yuan ton. Nanjing, Jinan, Hefei, Fuzhou, Changsha, Zhengzhou, Tianjin, Taiyuan, Chongqing, Xi'an and other markets of rebar *** 10-30 yuan ton.
Macro:The central bank and other two departments issued a document to increase credit support for housing rental development and construction;In December 2023, the global manufacturing PMI was 48%, unchanged from the previous month;China's foreign exchange reserves in December 3238 trillion dollars;The U.S. unemployment rate was 37%, flat month-on-month.
Industry:At the beginning of January 2024, major projects have been held in many places across the country, with a total investment of 248 trillion yuan.
At present, the supply and demand of finished timber are weak, and the willingness of merchants to store winter is low, and most of them are mainly passive winter storage. In the short term,The volatility of the snail weakened, more steel mills followed the decline, the demand is still flat, and the steel market is expected to stabilize and fall tomorrow.
From January 8th,Building materials17 out of 24 marketsfalls10-40 yuan ton of rebar 20mmHRB400E averaged 4035 yuan ton, compared with the previous trading dayfalls15 yuan ton;
Hot rolls13 out of 24 marketsfalls10-30 yuan ton, 4The average of 75 hot-rolled coils was 4093 yuan tons, compared with the previous trading dayfalls17 yuan ton;
Medium and heavy plates7 out of 23 marketsfalls10-20 yuan ton, 14-20mm general plate average **4133 yuan ton, compared with the previous trading day**falls2 yuan ton.
On January 8, the main force of black rebarfalls61, closed at 3950,fallsWidth 152%;Hot coil workhorsefalls55, closed at 4051,fallsWidth 134%;The main force of coking coalfalls85, closed at 17865,fallsWidth 454%;Coke workhorsefalls89.5, closed at 24505,fallsWidth 352%;Iron orefalls14, closed at 1000,fallsWidth 138%。
With the progress of steel mills' winter storage procurement has passed half, the market macro policy expectations, high-speed iron water, and low inventory trading logic have gradually changed, iron ore and bicoke ** have fallen, and coke is expected to open the second round of reductionThe cost side support is weakening, and in the off-season of traditional steel consumption, the downstream terminal demand is weakening, and the social inventory is gradually building up the warehouse, suppressing the release of speculative demand in the market, and buyingupDon't buy itfallsPsychologically,The market transaction is deserted, the majority of merchants wait and see, and it is expected that tomorrow's steel will run steadily and weakly, with a range of 10-30 yuan tons.
01. The Fed's interest rate cut expectations have been postponed
According to the CME's Fed Watch, the probability that the Fed will keep interest rates unchanged through March is 308%。DropInterest rate timing is expected to be delayed, the dollar index, bearish for commodities.
With the data released by the U.S. Department of Labor, the U.S. employment data is largeup, exceeding market expectations, will re-sound the inflation alarm for the Fed and postpone itDropinformation process,The increase in the U.S. dollar index, the resonance of bulk commodities downward, and the fermentation of overseas macro bearishness have driven the domestic market to continue to weaken, and the operating sentiment of the spot market has been sluggish, which is bearish for the steel trend.
02. Many places in Shanxi have entered the peak of coal transportation
With the surge in demand for thermal coal in winter, many places in Shanxi have entered the peak of coal transportation, and in the mining area of Yangquan City, coal enterprises have taken multiple measures to promote coal supply, with an average daily export volume of more than 60,000 tons.
At present, under the condition that many coal mines in Shanxi have resumed production, the amount of raw coal has increased, and the cost of coke has weakened, and the first round of increasesDroplanded, and steel enterprises are in normalDiscontinuedDuring the maintenance phase, the average daily output of iron ore is continuousDecline, the profits of many steel enterprises in North China narrowedDropLow coke procurement costs,Iron ore and bifocals weakened, costs fell, and the trend of steel was bearish.
03. Major projects in many places have been started in a centralized manner
According to incomplete statistics, at the beginning of January 2024, Henan, Anhui, Shaanxi, Fujian, Guangdong, Hunan, Shanghai, Chongqing, Hunan and other provinces and cities held the groundbreaking ceremony of major projects in 2024, and major projects in many places across the country started in a centralized manner, with a total investment of 24,8323.7 billion yuan.
As we enter 2024, the construction of major projects in many cities will gradually start in the new year, involving municipal road infrastructure, manufacturing, residential construction, industrial development and other fieldsThe concentrated start of project investment will increase jobs, increase residents' income, boost consumer confidence, bring more steel demand, and benefit the trend of steel.
Today's steel mill guidance is weakfalls, the range of 10-60 yuan. In terms of raw materials, iron ore is mainly stable, merchants operate at high prices, coke is weak, some coke companies are losing money, shipments are slowing down, billets are weak, and merchants are not in a good mood. In terms of finished products, the market has a wait-and-see mood, the merchants are weak, the downstream sentiment is cautious, and the transaction atmosphere is coldIt is expected that steel mills will continue to weaken in the short term.
First, Jiangsu Nangang building materials ** adjustment policy
On January 8, the price adjustment information of Jiangsu Nangang construction steel is as follows:
Thread:Downward adjustment20 yuan, now 16-20mmHRB400 rebar execution price of 4030 yuan ton;
Remarks: 12mm screw plus 120 yuan, 14mm plus 60 yuan, 22mm and 25mm plus 30 yuan, 28mm, 32mm plus 60 yuan, seismic plus 30 yuan, nuclear power thread plus 50 yuan;
The above adjustments are tax inclusive and will be implemented from January 8, 2024.
Second, the Yangtze River Iron and Steel Hefei Building Materials Adjustment Policy
On January 8, Changjiang Iron and Steel adjusted the ex-factory price of building materials in Hefei as follows:
1. Thread:Downward adjustment30 yuan, now 18mm seismic thread** is 3970 yuan ton (weekendDownward adjustment20 yuan);
2. Pan snail:Downward adjustment30 yuan, now 8mm seismic coil screw ** is 4170 yuan ton (weekendDownward adjustment40 yuan);
The above adjustments are tax inclusive and will be implemented from January 8, 2024.
Third, Yongfeng, Shiheng building materials ** adjustment policy
On January 8, Yongfeng and Shi Heng adjusted the factory of construction steelDownward adjustment20 yuan ton:
1. From last weekend to today, the rebar guidance has been cumulativeDownward adjustment20 yuan ton, now 22mmHRB400 rebar implementation **3860 yuan ton, 10mm increase 150 yuan ton;12mm increase 150 yuan ton, 14mm increase 120 yuan ton, MM increase 90 yuan ton, 28-32mm increase 150 yuan ton, 36-40mm increase 280 yuan ton, HRB400E same specification and same price;HRB500 high-strength with the same specification is increased by 220 yuan ton.
2. From last weekend to today, the coiled snail guidance has been accumulatedDownward adjustment20 yuan ton, now 10mmHRB400 coiled snail implementation **4100 yuan ton, 6mm increase 350 yuan ton, 8mm increase 30 yuan ton, 12mm increase 200 yuan ton;HRB400E has the same specifications and the same price.
3. From last weekend to today, the line guidance ** cumulatedDownward adjustment20 yuan ton, now 10mmhpb300 coil snail implementation **4100 yuan ton, 6mm price increase 350 yuan ton, 8mm price increase 30 yuan ton, 12mm price increase 200 yuan ton.
All prices include tax.
Fourth, the first adjustment policy of Shandong Iron and Steel Building Materials
On January 8, Shandong Iron and Steel hot-rolled ribbed steel bar Jinan regional guidance**Downward adjustment30 yuan, after adjustment, straight screw HRB400E22mm guidance **3880 yuan ton, coil snail HRB400E10mm guidance **4120 yuan ton.
Fifth, Fujian Sangang building materials ** adjustment policy
On January 8, Fujian Sangang adjusted the factory ** of some products as follows:
1. Thread: **unchanged, now 16-18mmHRB400E implementation ** is 4300 yuan on the basis of 18 snails on the basis of 30 yuan, 25 snails on the basis of 18 snails 60 yuan, 16-22mmHRB500E implementation ** is 4600 yuan tons;
2. High Line: **Downward adjustment30 yuan, now 8-10mmHPB300 high line implementation ** for 4650 yuan ton;The high line 6mm is increased by 150 yuan on the basis of the high line 8mm;
3. Snails: **Downward adjustment30 yuan, now 8-10mmHRB400E coil snail implementation ** for 4700 yuan ton;
The above adjustments are all tax included, and the implementation date is from January 8, 2024 to January 17, 2024.
Sixth, Jiangsu Pinxin building materials ** adjustment policy
On January 8, Jiangsu Pinxin construction steel factory **DropThe details of 20 yuan are as follows:
HRB400E22 rebar in Jiangsu is 3830-3860 yuan, HRB400E8-10 coil snail is 4070-4100 yuan;
HRB400E22 rebar in Shandong is 3810-3830 yuan, HRB400E8-10 coil snail is 4050-4070 yuan;
HRB400E22 rebar in Henan is 3830 yuan, and HRB400E8-10 coil snail is 4070 yuan;
Anhui HRB400E18 rebar 3830-3880 yuan, HRB400E8-10 coil snail 4070-4120 yuan.
All of the above ** are tax-included prices for one ticket. The above ** will be implemented from January 8, 2024.
Seventh, Jiujiang Pinggang Jiangyin, Wuxi medium and heavy plate adjustment policy
Jiujiang Pinggang Jiangyin and Wuxi regional plates on January 8 guidance**: 4170 yuan tons of general plates, 4320 yuan tons of low-alloy plates, compared with yesterday, **stable.
8. Jiangsu Huawei medium and heavy plate ** adjustment policy
On January 8, the basic carbon price of Jiangsu Huawei medium and heavy plate factory was 4,090 yuan, and the price of manganese plate was increased by 180 yuan, which was stable.
9. Adjustment information of Tangshan Donghua High Line
On January 8, Tangshan Donghua construction steel factory ** stable (ton price, the same below):
HPB300 material 8-10mm high line factory 3980 yuan, the above ** will be implemented from January 8, 2024.
10. Yutian Jinzhou wire rod ** adjustment information
On January 8, Yutian Jinzhou wire rod factory ** stable (ton price, the same below):
1. Now HPB300 material 8-10mm high line factory **3920 yuan;6.5 12mm plus 30 yuan;
2,6mm factory ** 4040 yuan;The above ** will be implemented from January 8, 2024.
Ten.
1. Shanxi Gaoyi Building Materials** Adjustment Information.
On January 8, Shanxi Gaoyi building materials factory ** stable (ton price, the same below):
1. Now Q235 material 8-10mm high line factory ** is 4170 yuan, 65. The price is increased by 80 yuan;
2. Now 8-10mmHRB400E coil snail factory ** is 4270 yuan, 6 plus 200 yuan;The above ** will be implemented from January 8, 2024.
Ten.
Second, Shanxi Meijin building materials ** adjustment information.
On January 8, Shanxi Meijin threadDownward adjustment30 yuan, wire rod and coil snail**Downward adjustment60 yuan, after adjustment:
1. High line**, now HPB300 8-10mm is 4090 yuan ton;
2. Rebar**, now HRB400E 18-25mm is 4040 yuan ton;
3. Snail **, now HRB400 8-10mm is 4090 yuan ton.
Ten.
Third, Shanxi Jinnan building materials ** adjustment information.
On January 8, Shanxi Liheng building materials factory ** stable (ton price, the same below):
1. Now 18-22mmHRB400E rebar factory ** is 4110 yuan, 12 plus 200 yuan, 14 plus 200 yuan, 16 plus 50 yuan, 28-32 plus 150 yuan;
2. Now Q235 material 8-10mm high line factory ** is 4070 yuan, 65 plus 50 yuan, Q195 material 65. The high line is increased by 110 yuan on the basis of 235 material;
3. Now 8-10mmHRB400E coil snail factory ** is 4090 yuan, 6 plus 200 yuan plus 150 yuan;The above ** will be implemented from January 8, 2024.
Ten.
Fourth, Shougang Changzhi building materials ** adjustment information.
On January 8, Shougang Changzhi Building Materials left the factory**Downward adjustment20 yuan, after adjustment:
1. Thread 18-22mmHRB400E is 3870 yuan, 12mm plus 200 yuan, 14mm plus 180 yuan, 16mm plus 30 yuan, 25mm plus 30 yuan, 28-32mm plus 120 yuan.
2. The wire rod 8-12mm is 3940 yuan.
3. The coil snail 8-10mm is 3930 yuan.
Ten.
Fifth, Licheng Taihang building materials ** adjustment information.
On January 8, Licheng Taihang** was adjusted as follows:
HRB400E rebar**Downward adjustment20 yuan ton, 18-22mm ex-factory** is 3890 yuan ton, 12+150, 14+100, 16+30, 25+30, 28+70, 32+100.
Ten.
Sixth, Shanxi Zhongyang building materials ** adjustment information.
On January 8, Shanxi Zhongyang Building Materials** was adjusted as follows:
1. Wire rod**Downward adjustment10 yuan ton, now Q195 ex-factory price 3890 yuan ton;
2. The rebar is not moving, and the ex-factory price of HRB400E 18-25mm is 3820 yuan tons
3. Snails: **Downward adjustment20 yuan ton, now HR400E 8-10mm ex-factory price 3880 yuan ton.
Ten.
Seventh, Puyang Iron and Steel plate ** adjustment information.
On January 08, Puyang Iron and Steel Medium and Heavy Plate ** was stable, and the price lock policy (limited orders): 1. The inventory spot base price was 3940 yuan ton 2, the base price of manganese plate, fixed rolling, and variety steel was 3990 yuan ton, excluding heat treatment materials 3, the general carbon circulation base price was 4010 yuan 4, the base price of wear-resistant steel was 3820 yuan ton 5, the base price of Q550-Q690 was 3820 yuan 6, and the base price of other heat treatment materials was 3820 yuan ton, and the customized one was negotiated.
Ten.
8. Adjustment information of Jingye steel medium and heavy plate.
On January 8, the conventional material of Jingye steel was stable, with a price lock policy of 3,970 yuan, and a price lock policy of 4,000 yuan in Hebei, Shanxi and ShandongBeijing, Tianjin 3990 yuan, Henan 3980 yuan.
Ten.
9. Tiangang medium and heavy plate ** adjustment information.
On January 8, Tiangang Q235B plate was stable, and the lock order was reported at 4,000 yuan ton (14-25 base price), Q355B4,200 yuan, including tax ex-factory price.
Two.
10. Kunshan Iron and Steel Kunming Building Materials ** adjustment information.
On January 8, Kunshan Iron and Steel Kunming regional building materials guidance**Downward adjustment20 yuan (ton price, the same below):
1. HRB400E 18mm rebar is 4210 yuan, 20-25mm plus 30 yuan, 16mm plus 30 yuan, 12-14mm plus 130 yuan;
2. HPB300 8-10mm high line execution ** is 4360 yuan;
3. HRB400E 8-10mm coil snail execution ** is 4410 yuan;
The above ** are sent to the Kunming area including tax**, measurement method: thread for the calculation;The coil snail and the high line are over-pounded.
Two.
Ten. 1. Xianggang building materials ** adjustment information.
On January 8, Xianggang Building Materials left the factory**Downward adjustment30 yuan, after adjustment:
1. The ex-factory guide price of HRB400E material 18mm rebar is 4130 yuan ton
2. HRB400E material 8-10mm coil snail factory guide price is 4230 yuan ton;
3. The ex-factory guide price of HPB300 material 8-10mm high-line is 4330 yuan tons.
Two.
Ten. Second, the first adjustment information of JISCO building materials.
On January 8, the ex-factory construction steel of Jiugang remained stable (ton price, the same below).
1. Now 20mmHRB400E rebar is 4430 yuan, 12-14mm is 150 yuan, 16mm is 80 yuan, 18 22 25mm is 50 yuan, 28-32mm is 150 yuan;
2. Now 8-10mmHRB400E coil snail is 4670 yuan.
3. Now the 8-10mmHPB300 high line is 4570 yuan, and the 6mm price is 150 yuan.
The above ** are tax included, and the above ** will be implemented from January 8, 2024.
Two.
Ten. 3. Lianyuan Steel Building Materials** Adjustment Information.
On January 8, Lianyuan Steel Building Materials left the factory**Downward adjustment20 yuan, after adjustment:
Now the guide price of HRB400E material 18mm rebar is 4150 yuan ton.
On January 8, steel ** remained stable and weak. This issue of snails is weak** downward, and market confidence is insufficient. At present, there is no good promotion in the market, coupled with the suppression of fundamentals, there is no opportunity for improvement, and the weak consolidation trend is obvious. Recently, the inventory has continued to rise, and under the off-season effect of the market, the sales pressure is greater, and it is expected that tomorrow's steel ** or continue to consolidate weakly.
January 8 Building Materials**: Stable and weak
Today's building materials ** remained stable and weak, with a range of 10-40. The snail continues to be weak, and the trading atmosphere in the market today is light, and the overall shipment is poor. At present, the spot cost is highfallsThe range is relatively limited, and it is expected that the construction steel market will continue to run in a narrow range tomorrow.
Hot rolling on January 8**: Weak operation
Today's hot rolling ** is weak, with an amplitude of 10-30. The volume is weakening, the market low-price resources are increasing, the market supply and demand contradiction is not large, the business is mainly out of the warehouse, the market supply and demand contradiction is not significant, there is cost and winter storage procurement support, comprehensive consideration, it is expected that tomorrow's hot rolling ** weak operation.
Cold-rolled on January 8**: slightly**
Today's cold-rolled ** slightly lowerfalls, amplitude 10-20. Issue Volumefalls, the downstream and middlemen have a strong wait-and-see mood, the market trading atmosphere is cold, and it is expected that tomorrow will be stable and tidy up.
January 8 plate **: steady decline
Today, the national middle board is stablefalls, amplitude 10-20. The business operation is more cautious, with the market shipment-based, most of the actual orders have room for bargaining, the overall transaction is flat, and it is expected that tomorrow will be stablefallsTidy up.
January 8 hot-rolled strip**: stable and weak
Today, the country's hot-rolled strip is stable and weak, with a range of 10-20. At present, the strip steel inventory is at a relatively low level, the north has begun to accumulate, the East China and South China markets continue to digest, the spot resources are relatively scarce, and the strip is expected to remain stable tomorrowfalls
January 8 large and medium-sized materials**: weak operation
Today, the country's large and medium-sized materials are weak, with a range of 10-50. Last week, the spot market was weak, and steel companies were expected to reduce production, but the inventory and the first to maintain a high level, the downward pressure was greater, and it is expected that tomorrow's steel will continue to run weakly.
January 8 welded pipe**: the mainstream is weak
Today, the mainstream of welded pipes in the country is weak, with a range of 20-30. In this period, the snail is running green, and the cost support is temporarily stable, and some manufacturers have itDownward adjustmentThe market transaction performance has weakened, a small number of pipe factories have been on holiday, and the overall market mentality is more cautious. It is expected that tomorrow will be the first pipefallsMainly.
Recently, there has been a significant decline in both the disk and the spot, which can be described as a net!The performance of the steel market is extremely entangled, affecting the enthusiasm of winter storage. However, there is no need to worry about excessive adjustment this timefallsAfter all, judging from the disk, the whole is still in a first-class rhythm. How to go tomorrow, look down at ......
1. China Iron and Steel Association: In late December, the crude steel output of key steel enterprises was 166610,000 tons
Affected by environmental protection maintenance and production restrictions, according to the data of the China Iron and Steel Association, in late December 2023, the daily output of crude steel of key steel enterprises will be 166610,000 tons, month-on-monthDecline13.63% of crude steel productionDeclineIt means that the first pressure in the market is expected to be eased, which will have a certain supporting effect on steel prices. (China Iron and Steel Association).
2. Major projects in many places have started construction and there are new highlights in this year's layout
In the first week of the new year, major projects in Henan, Anhui, Hunan, Jiangsu and other provinces started intensively. All localities should seize the construction period, strengthen the guarantee of key factors, find ways to expand effective investment, and strive to achieve a "good start" for the economy throughout the year. (CBN).
The global manufacturing purchasing managers' index for December was released
The global manufacturing purchasing managers' index released by the China Federation of Logistics and Purchasing in December 2023 was the same as that of the previous month, and has been running below 50% for 15 consecutive months, indicating that the stability of the global economic recovery is weak and the recovery momentum is insufficient. (National Business Daily).
Today's rebar: stable and weak
Nationwide in the coming weekDropWarm weather will increase, thread demand may be further affected, coupled with steel mills to increase production reduction, the raw fuel replenishment powerDecline, the cost of high loosening, is expected to be stable tomorrow rebarfallsRun.
Today's hot roll: narrow and weak
The start of construction at the local construction site is still relatively average, and the demand for hot coil has fallen seasonally, and both supply and demand are doubleDrop, but ** did not appear deepfalls, the short-term main spot is greatly affected by the disk, and it is expected that the hot roll will fall slightly tomorrowfalls
Today's midboard: a slight downward adjustment
The continuous reduction of steel mills has led to a slowdown in the replenishment of iron ore and coke raw materials, and the short-term cost support has weakened, but the current demand for medium and heavy plates remains resilient, mainly due to the weakening of macro expectations and the impact of cost differentiation.
Today's strip steel: stable and weak
At present, steel mills are still in the loss stage, the transaction is mostly concentrated in low-cost resources, the demand performance is light, the outdoor start is decreasing, and the trend of coking coal and iron ore at the cost end has been loosened, and it is expected that the strip steel will run steadily and weakly tomorrow.
Today's profile: **Weak
At present, the downstream is still facing the problem of shortage of funds, the project is slow, and the enthusiasm for taking the goods is general, and it is expected that tomorrow's profile will be stablefallsRun.
Today's pipe: steady in the fall
The external market sentiment continues to weaken, the disk is obvious, and the pipe factory has rebounded slightly, but the middle and downstream procurement remains cautious, and under the pressure of the pipe factory's collection, it is expected that the pipe will continue to be weak tomorrow.
Billets Today: Steady Operation
With the release of high demand in the steel market slowing down, the disk is downfallsrun, resulting in a trading atmosphere in the marketDropLow, but the current loss situation of steel mills is difficult to changeDropThe price willingness is not strong, and it is expected that the billet will run firmly tomorrow.
Iron Ore Today: **
Iron ore ** continued to decline, the market cautious wait-and-see sentiment increased, the current steel mill replenishment rhythm is slow, the winter storage is not urgent, and the substitution of scrap steel for molten iron continues to increase, and it is expected that the mine price will stabilize tomorrowfallsRun.
Today's coke: weak operation
The profits of some coke enterprises fell into losses again, the willingness to increase production was weak, and some steel mills controlled the rhythm of arrival, resulting in a slight accumulation of coke enterprise inventory, and the short-term fundamental trend was loosened.
Scrap today: Narrow and weak
The snail continuesfalls, influencing market sentiment, short-term scrapupThe current majority of bases still maintain a light inventory, fast in and fast out mode, and a small number of bases have hoarding and gamblingupmove, there is no obvious change in the fundamentals, and it is expected that scrap will weaken in a narrow range tomorrow.
Today's pig iron: the Lord is steady and falling
Period snail **falls, affecting market sentiment, the current coke first round of raisingDropIron oreDownward adjustment, the cost of pig iron support has been loosened, coupled with the lack of downstream transactions, it is expected that tomorrow's pig iron will be stablefalls
At present, the willingness of steel traders to actively store in winter is still insufficient, and the majority of passive winter reserves are in charge, and the weakening of coking coal continues to drag down steel. In addition, from the perspective of the market, the policy expectation is repetitive, the disk volatility is intensified, and the marginal positive effect is insufficient, resulting in a high level. However, considering that with the gradual resumption of production of the previously overhauled steel mills, there will be a certain demand for replenishment of raw materials in the futureThe probability of a short-term deep decline is not large, and it is expected that tomorrow's steel prices will be stable and falling, with a range of 10-20 yuan.
Decision Recommendations:It is recommended that merchants have an appropriate amount of inventory just to run, high inventory to cash in on profits in a timely manner, and low inventory to wait and see, waiting for the opportunity to replenish the warehouse. (For reference only, not investment advice).
The above content is for reference only and does not constitute any investment or application advice. The content ** is comprehensively organized in the steel network + network, if there is any infringement, please contact the customer service of this platform to delete the article, thank you