Overview
Market Overview
The third round of coke was lifted to the ground;
The main thread disc fell below 3800 points;
Iron ore fell more than 5%;
The market is cautious and wait-and-see.
Market outlookOutlook
cost support downward;
Weakening market sentiment;
Good expectations before the two sessions;
Steel prices are adjusted at a low level
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Hot coil spot
Today's domestic hot coil mainstream market **common**, Tangshan area **business 375-11.75 thick hot rolls ** reported 3980 down 30 from yesterday, and the rest of the mainstream market *** fell 10-70 from yesterday. The local 16-25 thick plate ** reported 4020 down 20 from yesterday, and the rest of the mainstream plate market ** fell 10-20 steadily. The market sentiment has changed from optimistic to cautious, and it is difficult to continue to rise, and the downstream merchants who may show repeated fluctuations show a wait-and-see mentality, and the overall transaction of the coil market is weak.
In terms of thread spot
This morning, the snail is running at a low level, the market mentality is cautious, and the spot is running weakly and steadily, of which the Beijing-Shanghai building materials are stable, and the Tang Qin building materials are stable and down 10-50, and the market transaction is not good. In addition, the snail continued to decline in the late afternoon, the market sentiment was slightly sluggish, and the trading atmosphere was cold. On the demand side,At the end of the Spring Festival holiday, most downstream enterprises have not yet started, the overall construction progress of downstream enterprises is relatively slow, and the operating rate of new projects is still at a low level, and steel consumption has not improved greatly compared with the previous year.
In terms of raw materials
Today, the billet market as a whole is showing a weakening trend. Specifically, the storage inventory of billets in Tangshan's five major warehouses totaled 141490,000 tons, down 0210,000 tons, down 015%。Today's billet direct transaction is average. Some dealers have a spot tax of around 3580-3630 yuan tons. The black series **main contract** downward, Tangshan billet warehousing spot tentatively reported about 3580 tax outbound, **business mentality is more cautious, trading is mainly concentrated in forward resources.
Comparison of long and short data
DomesticIn stock
Hot spotlight
Since February 19, the cold wave has mainly affected northern China, and there has been heavy snowfall in Xinjiang, Northeast China, North China and other places. Under the combined influence of cold and warm air, a wide range of rain and snow weather processes in central and eastern China have been launched, and snowfall or sleet has occurred in Northeast China, Xinjiang along the Tianshan Mountains and in the western mountainous areas of southern Xinjiang, central and eastern Inner Mongolia, central Shandong and the northern part of the peninsula.
The LPR for more than one year has been significantly lowered.
Among them, the single reduction of LPR with a maturity of more than 5 years hit a new high since the LPR reform, which attracted market attention. Market participants said that the LPR "interest rate cut" is conducive to reducing the cost of medium and long-term loans, supporting long-term investment, and also benefiting the real estate market.