On February 27, the steel spot market rose and fell, the overall transaction was amplified, the main varieties of the market were mainly rising, although coke opened the fourth round of reduction, but coke enterprises in individual areas rose, steel prices will.
oneAnalysis of long and short factors
1 Coke started the fourth round of reduction, and individual coke enterprises in Inner Mongolia rose
On February 26, steel mills in Hebei, Tianjin and other places proposed the fourth round of reduction for coke procurement, with a range of 100 yuan for wet quenching and 110 yuan for dry quenching. However, individual coke enterprises in Inner Mongolia raised the national standard second-level and first-class coke by 100 yuan respectively, and the coke steel game began.
2 On February 27, coking enterprises held a market analysis meeting
Shanxi, Hebei, Inner Mongolia, Jiangsu, Henan, Shandong, Shaanxi, Guizhou, Heilongjiang, Liaoning, Jiangxi and other coking enterprises held a market analysis meeting on the morning of February 27, and the participants reported that coke has been reduced by 300-330 yuan since January, and coking coal has only dropped by 100 yuan tons, and the industry has fallen into deep losses, with losses of more than 450 yuan tons in some regions. The participating enterprises reached a consensus that the enterprises should extend the coking time according to their respective losses, limit the production of tamping coke by 30%, limit the production of top-loading coke by 50%, and the loss of more than 300 yuan tons of enterprise simmering furnace. Recently, the performance of iron ore and coke is weak, and the support of steel costs has weakened.
3. Promote the construction of a unified national market to continuously make new progress and achieve new breakthroughs
We will continue to make new progress and achieve new breakthroughs in the construction of a unified national market, providing strong support for building a new development pattern and promoting high-quality development. The "two sessions" will be held in March, and the market still has expectations for the "two sessions" policy, which is good for the steel trend.
Second, today's steel market**
1.Spot market
Today, the domestic steel market has risen and fallen, and the trading volume has been amplified.
2.Workhorse
*Aspect, as of **, the main force of each variety is all**.
Steel mills adjust prices
According to incomplete statistics, there are 16 steel mills today to reduce the ex-factory of building materials, with a range of 20-80 yuan. The details are as follows:
1.Shougang Changzhi: thread, wire rod and coil snail ** down 30 yuan ton.
2.Jiangsu Nangang: Thread ** down 20 yuan ton.
3.Yutian Jinzhou: wire rod ** down 20 yuan ton.
4.Shanxi Gaoyi: thread, wire rod and coil snail ** down 50 yuan ton.
5.Shandong Iron and Steel: Thread and coil snail ** down 50 yuan ton.
6.Yangtze River: thread and coil snail ** down 20 yuan ton.
7.Shanxi Meijin: wire rod and coil snail ** down 30 yuan ton.
8.Masteel: Thread, wire rod and coil snail ** down 20 yuan ton.
9.Kunshan Iron and Steel: thread, wire rod and coil snail ** down 20 yuan ton.
10.Zhongyang, Shanxi: Thread and coil snail ** down 30 yuan ton.
11.Shiheng Special Steel: Thread, wire rod and coil snail ** down 40 yuan ton.
12.Laigang Yongfeng: thread, wire rod and coil snail ** down 40 yuan ton.
13.Lianyuan Steel: Thread ** down 20 yuan ton.
14.Xianggang: thread, wire rod and coil snail ** down 80 yuan ton.
15.Yukun: thread, wire rod and coil snail ** down 20 yuan ton.
16.Fenggang: thread, wire rod and coil snail ** down 20 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**. In this period, the global iron ore shipment fell, the arrival volume of China's ports fell to a normal level, the current iron ore supply and demand both declined, and the port continued to accumulate inventory. However, due to the recent large range of raw fuel, the profits of steel mills have gradually turned losses into profits, or will increase the replenishment of raw fuel, and it is expected that the iron ore will run in a narrow range tomorrow.
Coke Today:Coke ** is temporarily running steadily, and some steel mills proposed the fourth round of price cuts yesterday. Recently, the profits of coke enterprises have been continuously squeezed, and the coke inventory in the plant continues to accumulate, and their production enthusiasm is average. On the demand side, due to the slow recovery of terminal demand, steel mills mainly purchase coke on demand, and it is expected that the coke spot will remain stable and weak tomorrow.
Scrap today:Scrap ** rose and fell, with a range of 10-50. The cost performance of scrap steel compared with molten iron has decreased significantly, and some steel mills are willing to reduce it. However, with the resumption of production of independent electric furnace plants, it is expected that scrap consumption will increase, coupled with the low social inventory of scrap steel, the recovery of scrap output is slow, and the market is relatively tight, supporting scrap steel, and it is expected that scrap steel will maintain a stable operation tomorrow.
Billet Today:Tangshan Qian'anpu billet resources ex-factory tax reported 353 yuan ton. The national billet market has risen steadily, the snail has risen, the downstream finished products have risen and fallen, and the overall transaction has been amplified.
Fourth, Tao Xiaogang's point of view
Today's double coke led the rise in the black series, although coke opened the fourth round of reduction, but individual coke enterprises in Inner Mongolia rose, coking companies held a market analysis meeting to call for production restrictions, production reduction, raw fuel to stop falling**. In addition, with the gradual start of terminal demand, market confidence has also improved, and peak season demand may exceed the current overly pessimistic market expectations; In addition, the conference is approaching, and the relevant policies are also worth looking forward to. On the whole, the continuous rebound in demand will be the main driving force for steel in the near future, and steel prices are expected to rise steadily tomorrow, with a range of 10-30.
Information reference: Finance Associated Press, Xiben Information, Lange Steel Network, My Steel, etc.
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