On November 13, the domestic steel market price rose mainly, Tangshan Qian ‘an Pu square billet factory including tax stable 3630 yuan/ton. Spot market prices continued to rise over the weekend in the morning, and spot prices in individual cities fell after rising in the afternoon, and merchants reported that the overall market was generally traded.
On November 13, the main phase of the spiral was in a narrow range, the closing price of 3872 was up 0.05%, DIF and DEA were both upward, and the RSI three-line index was located at 61-82, running between the middle and upper tracks of the Bollingband.
Rebar: On November 13, the average price of 20mm three-level seismic rebar in 31 major cities in the country was 4001 yuan/ton, up 16 yuan/ton from the previous trading day. In the short term, the current thread supply and demand pattern is stable, and the steel inventory continues to be well reduced; At the same time, the profits of steel mills have been repaired, and the superposition of macro benefits has brought strong expectations. However, in the near future, the production enthusiasm of short-process steel mills has increased, and demand is facing seasonal weakness, and the screw fundamentals may become weaker under the weak supply and demand situation. Therefore, the price of domestic construction steel is expected to fluctuate in a narrow range on the 14th.
Hot-rolled coil: On November 13, the average price of 4.75mm hot-rolled coil in 24 major cities in the country was 3979 yuan/ton, up 5 yuan/ton from the previous trading day. The strong operation of iron ore and the opening of coke enterprises have formed a strong support for the cost of finished materials, while the steel mill production and maintenance speed is slow, the production of molten iron has fallen slightly, and the profit of steel mills is difficult to expand. Therefore, it is expected that the national hot-rolled coil price will fluctuate in a narrow range on the 14th.
Cold-rolled coil: On November 13, the average price of 1.0mm cold coil in 24 major cities in the country was 4722 yuan/ton, down 1 yuan/ton from the previous trading day. On the 13th, the market trading atmosphere is general, spot prices in some markets are mixed, the overall offer is relatively stable, and some market merchants will speed up shipments by reducing prices slightly based on inventory pressure. According to the feedback of traders, there is no significant change in downstream demand at present, and because the cold and hot price difference is too normal, the psychological pressure of cold rolling traders continues to be under pressure, and the market is not strong. On the whole, it is expected that the national cold-rolled coil price will fluctuate in a narrow range on the 14th.
Medium and thick plate: On November 13, the average price of 20mm general plate in 24 major cities in the country was 3975 yuan/ton, up 16 yuan/ton from the previous trading day. At present, the acceptance of high-price spot by downstream merchants is not high, the willingness to actively purchase is not strong, on-demand procurement is the main, and market transactions are mostly concentrated in low-price resources, and the overall transaction is general. It is expected that the 14 day thick plate price or narrow fluctuations.
Post time: Nov-13-2023