On September 6, the domestic steel market fell slightly, Tangshan Qian ‘an Pu square billet including tax fell 10 to 3570 yuan/ton. From the perspective of transaction, spot prices in some cities have weakened slightly, the market trading atmosphere is not good, and speculative demand is depressed.
On September 6, the phase helix fluctuated in a narrow range, the closing price was 3817, up 0.03%, the DIF and DEA were both upward, the RSI three-line index was 55-72, running between the upper and middle tracks of the Bollinger belt.
On September 6, a steel mill raised the factory price of construction steel 100 yuan/ton, and a steel mill lowered 20 yuan/ton.
Construction steel: On September 6, the average price of 20mm grade 3 anti-seismic rebar in 31 major cities in the country was 3834 yuan/ton, down 6 yuan/ton from the previous trading day. In the short term, although the current market has entered the peak season of consumption, it still takes time for demand to pick up, and the short-term upward momentum of steel prices is insufficient, and it is expected that domestic construction steel prices will be narrow and adjusted mainly on the 7th.
Hot-rolled coil: On September 6, the average price of 4.75mm hot-rolled coil in 24 major cities across the country was 3998 yuan/ton, down 7 yuan/ton from the previous trading day. Some businesses are still expected to pick up demand in the peak season, but the downstream terminal order is generally based on on-demand procurement, and the demand is slow to release. In summary, the current fundamentals have not improved, still in the supply of strong and weak situation, it is expected that the national hot rolled coil prices on the 7th or will fluctuate stable operation.
Cold-rolled coil: On September 6, the average price of 1.0mm cold coil in 24 major cities in the country was 4709 yuan/ton, down 2 yuan/ton from the previous trading day. Spot prices fell slightly, the market trading atmosphere is cool, North China and Northeast China traders have said that although it has been to the traditional “gold nine” months, but the current downstream demand release speed is slow, the transaction is still less than expected. According to feedback from merchants, the overall pressure on the current market inventory is not large, the cold-rolled coil inventory of state-owned steel mills is small, traders are mainly to the warehouse, downstream customers are mainly to purchase on demand, and merchants are cautious about the overall mentality of the market market. Overall, it is expected that the 7-day cold rolling price will be mainly adjusted in a narrow range.
Medium and thick plate: On September 6, the average price of 20mm general plate in 24 major cities across the country was 4075 yuan/ton, down 9 yuan/ton from the previous trading day. Due to the slow speed of the current thick plate to the warehouse, the spot inventory of the thick plate in some markets has increased slightly, and although the price difference between the north and the south has been repaired, the willingness of merchants to actively stock up is not strong, and the amount of north materials to the south is limited in the short term. On the whole, considering that the current downstream procurement enthusiasm is still insufficient, it is expected that the national price of medium and thick plate on the 7th will still be dominated by weak consolidation.
Post time: Sep-06-2023