1, the current market price of steel
On August 22, the domestic steel market prices were mixed, Tangshan Qian ‘an square billet factory tax increased 30 to 3530 yuan/ton. In the early trading period, the steel spot market was stable and fell. Iron ore futures led the afternoon black commodity futures, steel spot market prices rose at the bottom, just demand and speculative trading performance.
On August 22, the main phase of the spiral shock strengthened, the closing price of 3723 increased by 1.58%, the DIF was close to the DEA, the RSI three-line index was located at 49-55, close to the Bollinger belt middle rail operation.
On August 22, three domestic steel mills raised the ex-factory price of construction steel 20 yuan/ton, and four steel mills lowered 20-40 yuan/ton.
2, four varieties of steel market prices
Construction steel: On August 22, the average price of 20mm three-level seismic rebar in 31 major cities in the country was 3753 yuan/ton, up 3 yuan/ton from the previous trading day. In the short term, although the recent impact of the supply side is less than expected, accompanied by the stimulus of the macro news, the sentiment is still driven by the market. Therefore, it is expected that domestic construction steel prices will continue to run strongly on the 23rd.
Hot-rolled coil: On August 22, the average price of 4.75mm hot-rolled coil in 24 major cities in the country was 3955 yuan/ton, up 7 yuan/ton from the previous transaction. On the 22nd, black commodity futures rose in the afternoon, and some spot markets began to rise, and transactions warmed up. Recent raw material prices have become stronger, the cost support ability is strong, although the market demand has not yet effectively picked up, but the overall confidence in the future market has improved, and the willingness to stockpile goods at low prices has increased. On the whole, it is expected that the price of hot rolled sheet metal in the near future will be dominated by the shock and stronger operation.
Cold-rolled coil: On August 22, the average price of 1.0mm cold coil in 24 major cities in the country was 4643 yuan/ton, up 1 yuan/ton from the previous trading day. On the morning of the 22nd, the futures hot roll is running in a narrow range, and the merchants are more wait-and-see, the spot market price is mainly stable, the market transaction is lukewarm, and even some merchants in some areas increase their preferential efforts due to poor shipments. Afternoon futures hot roll strong pull up, the market cold trading atmosphere slightly eased, the downstream release of some procurement demand. On the supply side, some steel mills in the north have maintenance plans, and production will continue to decrease slightly this week. In addition, the current supply of general materials in some markets is relatively tight, and the overall inventory growth of the market is slow. In terms of demand, the current demand is still weak, but with the arrival of “gold nine silver ten”, market demand or release one after another. In the short term, the market will be in a situation of weak supply and demand, and it is expected that the price of cold rolling on the 23rd will shock and run strongly.
Medium and thick plate: On August 22, the average price of 20mm general plate in 24 major cities in the country was 4073 yuan/ton, down 5 yuan/ton from the previous trading day. Afternoon futures plate pull up, market confidence repair, the overall transaction is general. At the cost end, many steel mills began to drop coke, the resistance of coke enterprises is strong, the game continues, the recent steel mills gradually resumed production, the hot metal remains high, and the influence of leveling control gradually subsided, and the mine price rebounded slightly. The fundamentals have improved slightly, but in the traditional off-season of consumption, the pressure is still large, the supply is relaxed, and the demand is weak, resulting in a slow speed of destocking, which restricts the rebound space of medium and thick plate prices. On the whole, it is expected that the domestic medium and thick plate price volatility will weaken on the 23rd.
Post time: Aug-24-2023