The steel fell, the billet fell 20, the steel price continued to weaken
On December 14, the domestic steel market was weak, and the factory price of Tangshan Qian ‘an square billet including tax fell 20 to 3630 yuan/ton. In the morning, the spiral shock was weak, and the steel spot market was slightly loosened. In the afternoon, the spiral decline expanded, the market transaction performance became increasingly thin, low-cost resources emerged, and the overall business feedback was depressed.
On December 14, the main stage of the spiral shock weakened, the closing price of 3925 fell 1.63%, the DIF broke through the DEA downward, the RSI three-line indicator was located at 39-54, and it was running between the lower and middle tracks of the Bollingband.
Rebar: On December 14, the average price of 20mm three-level seismic rebar in 31 major cities in the country was 4075 yuan/ton, down 12 yuan/ton from the previous trading day. Affected by the maintenance of steel mills, the production of rebar fell slightly this week, the inventory maintained a slight recovery, and the apparent demand declined significantly. In the short term, the current market supply and demand balance is weak, and the continuous fall of the spiral has a greater impact on the market mentality. It is expected that domestic construction steel prices will continue to be weak on the 15th.
Hot-rolled coil: On December 14, the average price of 4.75mm hot-rolled coil in 24 major cities in the country was 4080 yuan/ton, down 5 yuan/ton from the previous trading day. Mysteel data released this week, hot rolled production fell 78,400 tons, plant storage fell 10,500 tons, social storage fell 29,700 tons, production continued to decline. With the decline of the social bank, the table needs to improve. At present, in addition to the maintenance of some steel mills in East China, the rest of the region has resumed production, and the pressure in the northern region is large, and the social bank is increasing. The flow of resources is mainly in East China and southern China, and the overall pressure on traders is less than that in the north. On the 14th, the market turnover is general, and the price of hot rolled coil is expected to remain volatile and weak on the 15th.
Cold-rolled coil: On December 14, the average price of 1.0mm cold coil in 24 major cities in the country was 4765 yuan/ton, down 6 yuan/ton from the previous transaction. 14 market inquiry price activity performance is not good, most merchants due to financial pressure is more nervous, mainly to ship cash, slightly lower some spot prices. In terms of transactions, seasonal demand continued to weaken, and the real single release was limited. In terms of inventory, Mysteel monitored the social inventory of cold-rolled coil in 29 cities of 1,783,700 tons, an increase of 10,100 tons on a week-on-week basis, and a small accumulation of inventory. On the whole, it is expected that the spot price of cold-rolled coil in the country will be weak or fluctuate on the 15th.
Medium and thick plate: On December 14, the average price of 20mm general plate in 24 major cities in the country was 4096 yuan/ton, down 3 yuan/ton from the previous trading day. On the 14th, the futures board fluctuated downward, the market trading was cold, and the overall trading was weak. At the cost end, coke opened the fourth round of increase, and the bottom support for the board price is still strong. With the deep snow in winter hindering transportation, the release of sheet metal demand is increasingly hindered, suppressing the rising rhythm of spot prices. In the short term, the actual release of plate demand is not good, the superimposed disk trend fluctuates downward, and it is expected that the domestic medium and thick plate price volatility will weaken on the 15th.
Post time: Dec-14-2023