Five steel mills increased prices, the period of snail turned red, steel prices or shocks are strong

First, the current market price of steel

On August 17, the domestic building materials market was running strongly, the plate market was running weakly, and Tangshan Qian ‘an square billet factory tax was increased by 10 to 3530 yuan/ton. In the morning, the spiral shock was strong, and the price of domestic construction steel rose slightly. From the perspective of transaction, the morning trading performance was general, the afternoon spiral continued to rise, and the spot transaction improved. First, the current market price of steel

On August 17, the main phase snail bottomed out and rebounded, the closing price of 3726 rose 0.68%, the DIF was close to the DEA, and the RSI three-line index was located at 48-54, close to the Bollingband middle rail operation.

On August 17, five domestic steel mills raised the ex-factory price of construction steel 20 yuan/ton.

Two, four varieties of steel market prices

Construction steel: On August 17, the average price of 20mm grade 3 anti-seismic rebar in 31 major cities in the country was 3766 yuan/ton, up 6 yuan/ton from the previous trading day. In the short term, the local level control policy gradually fell, the overall supply side pressure or will be eased, and the local real estate related good news and policies frequently, the market mentality has been repaired, it is expected that the price of domestic construction steel will continue to shake strong operation on the 18th.

Hot-rolled coil: On August 17, the average price of 4.75mm hot-rolled coil in 24 major cities across the country was 3970 yuan/ton, down 11 yuan/ton from the previous transaction. The spot market quotation fell sharply in the morning, the market was generally closed after the fall, and the deal improved slightly with the recovery of the plate in the afternoon. Overall, the recent market control news frequently, but short-term production is still difficult to fall quickly, in the current steel mill profit situation supply is still high in the short term, the decline rate or slow, the current inventory further accumulation, but the accumulation speed has slowed down, the table needs to increase, the market confidence is slightly boosted. Mysteel data show that this week, the hot roll production increased 29,500 tons, the factory warehouse fell 0.41 million tons, the social warehouse increased 12,100 tons, the table needs to recover, the short-term market will remain under pressure, but there is still a future. On the whole, it is expected that the price of hot rolled coil on the 18th will mainly fluctuate between ranges.

Cold-rolled coil: On August 17, the average price of 1.0mm cold coil in 24 major cities in the country was 4642 yuan/ton, down 2 yuan/ton from the previous trading day. The mentality of merchants is relatively stable, and the spot market price is mainly stable. In terms of trading, intra-day market activity was relatively depressed, and trading performance was lukewarm. On the supply side, according to the feedback of the steel mill, the steel mill received a good order in August, basically completed, it is expected that the output and operating rate in August are still maintained at a high level, and the pressure on the high supply side continues to be maintained. In terms of inventory, on the 17th, Mysteel monitored the social inventory of cold-rolled sheet rolls in 26 cities of 1221,600 tons, an increase of 60,300 tons week on week, the current terminal demand is still weak, the social inventory is slightly accumulated, and the merchants are more cautious about the future market. Overall, it is expected that the 18-day cold rolling price will mainly run in a narrow range.

Medium and thick plate: On August 17, the average price of 20mm general plate in 24 major cities in the country was 4095 yuan/ton, down 6 yuan/ton from the previous trading day. On the 17th, futures fluctuated higher, and the afternoon market mentality improved, and the overall transaction was generally. According to market feedback, the macro environment is warm, the crude steel flat control news is stimulated, the black system is stronger than the previous period, but the fundamental pressure is still the same, under the traditional steel off-season, the demand is difficult to see a significant improvement, the inventory pressure is still the same, the supply and demand relationship is difficult to improve in the short term, directly limiting the upward space of steel prices, but there is still support at the bottom. On the whole, it is expected that the domestic medium and thick plate prices will be stable on the 18th.

Post time: Aug-18-2023