"Di Tiao steel" is dead, and China's steel market turns around

On January 10, the national steel market price rebounded. The price of 20 mm deformed steel bars in 11 cities including Shanghai, Jinan, Beijing and Chongqing increased by 20-60 yuan / ton. 4.75 the market price of hot-rolled coil fluctuated and rose, and the prices of 17 cities such as Shanghai, Hangzhou, Guangzhou, Wuhan, Beijing Tianjin and Shenyang rose by 20-60 yuan / ton. The market price of 20 mm medium and heavy plate is in overall consolidation operation. The market prices of Shanghai, Hefei, Wuhan, Tianjin and Taiyuan rose by 10-30 yuan / ton.

On October 10, Tangshan Steel Billet direct delivery transaction was ok, and the warehouse transaction was about 2920 yuan / ton less; the delivery of section steel was generally better than yesterday's reduction of I-word, and the transaction of small narrow strip increased by 20 yuan / ton was OK. In the afternoon, Tangshan Pufang billet increased by 60 yuan / ton in the whole day: 2840 yuan / ton was delivered from some local steel plants, 2840 yuan / ton was delivered from Changli, including tax in cash.

In the afternoon, commodities continued to rise, and the Bulls ushered in a feast. The black series set off a fluctuation tide, with coke, iron ore, hot coil and thread sealed at the fluctuation.

The main contract of the period snail closed up again and closed up. At present, mA20 has broken through, 3000 integer gates are in the front support position, MACD index green column is reduced, RSI index is in the 50-70 range. The technical index of screw thread has become stronger, but the market needs to be alert to the short position market. If the 3000 point is stable, you can make a long backhand, but at present, those who are stable should hold the money to wait and see. It is safe to put more profits in the front pocket.

On October 10, six steel mills across the country released price adjustment information, with the adjustment range of 20-230 yuan / ton.

Steel spot

Construction steel: the average price of HRB400 (20mm) deformed steel bars in 25 major cities in China is 3302 yuan / ton, 15 yuan / ton higher than that of the previous trading day. In recent two days, driven by the sharp rise in the futures market, market confidence has strengthened, but also led to the release of part of the procurement demand, spot price slightly higher. It is comprehensively expected that the market price of domestic building materials will continue to strengthen tomorrow.

Hot rolled coil: on October 10, the price of 4.75mm hot rolled coil in 24 markets across the country was reported as 3781 yuan / ton, 21 yuan / ton higher than that of the previous trading day. On October 10, the market transaction improved with the price rise, but the overall demand status was still poor, and the price pulling of merchants was mainly based on the high delivery. In the short term, the market arrival range will increase sharply, but with the accumulation of inventory, the risk in the later stage will gradually increase.

Cold rolled coil: the average price of 1.0mm cold rolled coil in 24 major cities in China is 4708 yuan / ton, 11 yuan / ton higher than the previous transaction price. Hot coil futures were up and down at the end of the trading day. Although the spot price did not significantly follow the rise, it did promote a certain deal. Near the end of the year, the main purpose of business delivery is still to stabilize the cold rolling price mainstream.

Medium and heavy plate: the average price of medium and heavy plate in 23 major cities in China is 3542 yuan / ton, 2 yuan / ton higher than that of the previous trading day. With the sharp rise of futures, the market mentality has been boosted, the market turnover has improved to a certain extent, and the rebound market appears in stages, but the sustainability is limited, and the range will not be too large. The market price is expected to rise steadily tomorrow.

Raw materials on hand

Imported ore: 61.5% of Australia's powder ore in Jingtang Port reported 630 yuan / ton on October 10, up 10 yuan / ton from yesterday's price. Affected by the fluctuation and rise of futures market, the quotation of traders has been exploring the rise in a stable way. Driven by the continuous boost of futures market and billet, the enthusiasm of steel mills for inquiry has increased, and the market activity has increased.

Coke: on the 10th, the domestic spot market for coke continued to weaken, with a decline of 30-50 yuan / ton in North and East China. The current second-class mainstream price in the coke market of Shanxi Province is 1700-1750 yuan / ton, the second-class metallurgical coke in Handan, Hebei Province is 1820 yuan / ton, the second-class metallurgical coke in Tangshan is 1900-19700 yuan / ton, and the current second-class mainstream price in the coke market of East China is 1900-1940 yuan / ton, all of which are ex factory taxes.

Scrap: the mainstream of scrap market held steady on the 10th, with some small gains and weak transactions. At present, the price in Jiangsu Province is maintained at 1770-1840 yuan / ton, and that in Shandong Province is 1800-1850 yuan / ton. Zhejiang heavy waste 1710-1750 yuan / ton. The price of heavy waste in Hebei is 1680-1740 yuan / ton, all of which are tax inclusive.

Steel market forecast

With the approaching of the new year, the market that should have been relatively calm has turned the tide again. For the time being, the spot market does not matter. The electronic futures market has been trading up and down one after another, which makes the short market step on the empty market. According to the news, the CISA meeting held on the 10th revealed that all the "strip steel" in the country had been removed by the end of June, and the supply side reform and adjustment took a solid step again. However, the spot market still needs to be cautious. According to the feedback, the current purchase transaction is more sluggish, the average daily shipment of small and medium-sized merchants is sporadic and countable, and the market is gradually shrouded in the atmosphere of holiday approaching. It is expected that the trend of domestic steel market will remain volatile in the short term.