Influenced by the weakness of futures, the early quotation of foreign mines
fell 10-20 yuan/ton yesterday, with a light turnover and a price drop of about
15 yuan/ton. PB powder in Shandong Province was 710 yuan/ton. Although there is
a shortage of cash in mainstream ports and steel mills have no obvious action to
limit production in the near future, due to the increase of supply-side data and
the large-scale production speculation of steel mills in September, the ore
price is still on the rise. Continue downward. Local downward trend in the
domestic mining market, ten-year price of steel enterprises in Northeast China
dropped by 60 yuan/ton, the market has no inquiry for the time being, mineral
processing enterprises do not offer for the time being, some small enterprises
maintain low-price delivery, market prices are chaotic, low-price about 650
yuan/ton. The inquiries of downstream steel enterprises in Tangshan area are
still acceptable. Some steel enterprises have raised 10-20 yuan/ton, improved
short-term turnover and stable market prices. The prospective mines continue to
be weak, the day-line short trend continues, the 2H line MACD dead fork
descends, and the probability of falling from the wave structure is 5 waves. The
prospective mines have broken through the new low, and the short-term prices are
weak, but the downward space is narrowed. It is suggested to wait and see. Forecast: Steel market is weak, market mentality is pessimistic and confused,
short-term ore prices or difficult to stop falling. Iron and steel scrap Rises and falls coincide Today, the domestic scrap steel market has seen both ups and downs, with
price fluctuations ranging from 10 to 50 yuan per ton. According to Zhuo Chuang,
the purchase price of scrap steel in East China Branch Steel Works has risen
slightly, driving up the price of scrap steel in local and surrounding markets.
However, the purchase price of some electric furnace enterprises has fallen
slightly, which is mainly suppressed by cost. Forecast: The domestic scrap iron and steel market will continue to be stable
tomorrow. coke Arrangement Today, the spot coke market is deadlocked and trading is normal. Production
restrictions in major production areas are still gradually recovering.
Restoration process in some areas is slow. Coke enterprises have a high desire
for stable price operation as a whole and maintain low inventory operation. The
situation of BF production restriction in Hebei Steel Works has been alleviated,
but the overall procurement is still cautious and the stock is temporarily
stable. Port inventory continues to be digested, and port TRADERS'supply prices
have not fluctuated, but demand is poor and overall delivery is flat. pig iron The pig iron market is running steadily and weakly. Low-level resources have
been located near the profit line, and the market price is in a dilemma. Pig
iron high resources are now forced to follow the downturn, the market mentality
is slightly pessimistic, lack of confidence in the future market. At present,
the finished product market is weak. It is difficult to deal with ironmaking
resources for the first time. However, the market price also has a bottom
support under the situation of low ironmaking inventory. The price of iron
powder in Northeast China has fallen obviously at present, the cost support has
weakened, and the pig iron resources have been operated to compensate for the
drop in recent years. Forecast: Pig iron market or mainstream will remain stable tomorrow, and
individual markets will make up for declines. Billet Up to 16:00, Tangshan billet is temporarily stable. It is now 3420 yuan/ton
with tax. Tangshan billet has a weak direct hair volume and is difficult to
increase its price. Stock of billet is 3480-3500 yuan/ton, low-level transaction
is completed, downstream delivery of finished products is weak, narrow-band
reduction of 10 yuan/ton is general, profile reduction of 20-40 yuan/ton is
still weak, and Futures are running at a low level throughout the day. In the
afternoon, the spot stock of billet is 3470 yuan/ton, which is 10 yuan/ton lower
than the low level before noon. Forecast: In the short term, the market demand is weak, the supply is not
decreasing, and the pressure of billet is decreasing. Finished products structural steel Weakness Today, the price of construction steel market is mainly weak. Of the 48
mainstream cities of construction steel in China, 0 are rising, 4 are stable and
44 are falling. The leading cities are Beijing, Shanghai, Jinan and Guangzhou,
which are down 20-60 yuan/ton. Seventeen leading steelmakers adjusted their
ex-factory prices, and the mainstream dropped steadily by 20-150 yuan/ton.
Tangshan billet is temporarily stable. In terms of trading, today's overall
trading weakened, futures decline led to weak market mentality, wait-and-see. In
futures, the rebound of the bottom of the current period recovered the 10-day
average again, Yongan low significantly reduced short-term holdings, short-term
market or maintain a weak volatility, the upper pressure level near 3740
points.
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