On July 16, the domestic steel market price was weak, and Tangshan Qian ‘an square billet resources were reduced by 10 to 3320 yuan/ton, including tax. The overall market turnover is general, the high temperature weather, the downstream procurement enthusiasm is not high, and the actual transaction price has decreased and increased.
On July 16, the main phase of the spiral was in a narrow range, the closing price was flat at 3544, the DIF and DEA were up, and the RSI three-line index was located at 44-52, close to the Bollinger band middle rail operation.
Rebar: On July 16, the average price of 20mm three-level seismic rebar in 31 major cities in the country was 3629 yuan/ton, down 5 yuan/ton from the previous trading day. In the short term, the continued high temperature weather will further suppress market demand, and it is expected that the price of construction steel will continue to fluctuate in a narrow range on the 17th.
Hot rolled coil: On July 16, the average price of 4.75mm hot rolled coil in 24 major cities in the country was 3703 yuan/ton, down 5 yuan/ton from the previous trading day. At present, the market has more supply, and the production enterprises have almost no maintenance and production suspension. In the case of weak demand, the price increase pressure is greater. During the important meeting, the market business wait-and-see sentiment is strong, most of them choose to cover the goods, and the price fluctuates little. In summary, it is expected that the hot rolled coil market will run in shock in the near future.
Cold-rolled coil: On July 16, the average price of 1.0mm cold coil in 24 major cities in the country was 4140 yuan/ton, down 4 yuan/ton from the previous trading day. On the 16th, the market trading mood was slightly depressed compared with the previous trading day, and the market demand was general, and traders took the initiative to lower the price to deal mainly. It is reported that the high temperature and rainy weather leads to most construction sites in a semi-construction state, and is subject to insufficient funds and other factors, in the current downstream demand does not appear to improve the market drivers, the terminal or maintain a cautious attitude, market demand is difficult to have volume. Merchants feedback that the current inventory has been delayed in effective inventory reduction, sales pressure is increasing, and the price is not enough. In summary, it is expected that the price of domestic cold-rolled coil will be adjusted in a narrow range on the 17th.
Medium and thick plate: On July 16, the average price of 20mm general plate in 24 major cities in the country was 3728 yuan/ton, down 5 yuan/ton from the previous trading day. 16 futures plate shock adjustment, the market steel demand is difficult to substantially improve, the overall turnover is general. According to market feedback, an important meeting was held, and the current macro support is limited, and traders are paying high attention to see whether the good news will drive market prices and demand. The country is affected by the rainy season and high temperature weather, which affects the outdoor construction, and the spot price is difficult to adjust significantly. On the whole, it is expected that the 17th domestic medium and thick plate price shock adjustment.
Post time: Jul-16-2024