1. The influencing factors of steel market are as follows
1. The high temperature in the south will gradually ease.
According to the forecast of the Central Meteorological Observatory, the hot weather in southern China will gradually ease from the 24th. It is expected that the high temperature in Jianghan, Jianghuai and other places will be basically lifted from the 24th. Since 26th, the range of high temperature in Sichuan Basin and Jiangnan has narrowed, the intensity has weakened, and some areas have been lifted.
2. China Steel Association: Steel prices stopped falling and rebounded in August.
According to the news of China Iron and Steel Industry Association, in July, the impact of complex and severe domestic and international environment and epidemic situation continued. The demand for steel in the domestic market is still not as good as expected, steel production is declining month by month, and steel prices continue to fall. Since August, steel prices have stopped falling and rebounded. According to the monitoring of Iron and Steel Industry Association, at the end of July, China's steel price index (CSPI) was11.46 points, down 1 1.06 points from the previous month, with a decrease of 9.03%, which was the third consecutive month. It fell by 42.02 points for the fourth consecutive month, down by 27.38% year-on-year.
3. On August 23rd, the national freight logistics operated in an orderly manner.
On August 23, the national freight logistics operation was orderly and continued to improve. Among them, the national railway freight continued to operate at a high level, transporting goods105.09 million tons, an increase of 210% from the previous month; There were 7,374,700 road trucks nationwide, up 5. 12% from the previous month.
Second, the spot market
Rebar runs strongly
Judging from the current market performance, the domestic temperature has eased slightly, and the inventory is still in a downward trend. Some large-size rebar is in short supply. In the absence of obvious arrival, the willingness of merchants to pay the price may be obvious. It is expected that rebar prices will run strongly tomorrow.
The hot coil oscillates strongly.
During the period, the trading volume will fluctuate, and the business intention of the enterprise is not high, mainly based on inventory. The market has a strong wait-and-see mood, downstream customers are more cautious in purchasing, demand performance is weak, and the overall transaction is average. It is expected that the price of hot coil will be stable and strong tomorrow.
Intermediate and advanced processing
At present, the market sentiment is relatively firm, but the procurement demand is average, and the transaction has not increased significantly. With the support of cost, the merchants are accompanying the price, and it is expected that the market price of the medium plate will be high tomorrow.
High strength running strip steel
Today, the fluctuation of snail holding moves down, and the spot price is basically stable compared with yesterday. After the snail position fluctuates, the spot market is depressed, and the demand is tight with the snail trend, lacking autonomy. At present, many traders are accompanying the shipment, but they are willing to lower the price. It is expected that the price of strip steel will be strong tomorrow.
Stable processing of profiles
The billet continues to run on the strong side, and the screw is strong first and then weak. The overall transaction was flat, with some declining slightly. It is expected that the profile price will decrease steadily tomorrow.
The pipe is very strong.
With the rise of futures, the price of pipes has been raised, and some merchants have also made a little profit in shipping. The output of pipes is increasing gradually, the short-term demand has not recovered obviously, and the pressure of taking orders is too high. Most manufacturers mainly ship goods at reduced prices and go to warehouses. Considering the gradual easing of high temperature rainfall, the demand recovery is expected to be released, but the short-term demand recovery is still weak. It is expected that the steel pipe market will remain firm tomorrow.
Third, the raw material market.
Stable operation of billet
Near the end of the month, there is a phenomenon of long-term delivery of billet resources in the market, and the transaction is still mainly concentrated in the middle of trade. With the continuous decline of inventory, the number of billets is small, and manufacturers are willing to hold the price. It is expected that the billet price will be firm tomorrow.
Iron ore oscillation operation
The high temperature is coming to an end and the weather is getting cold. The demand for terminal steel has improved slightly, but the profit of steel enterprises is low. Although the demand for raw iron ore has increased slightly, it still maintains low inventory operation. At present, the resumption of blast furnace production in steel enterprises is still continuing, and the output of subsequent finished products is gradually increasing, and the short-term iron ore price fluctuates greatly with the finished products.
Temporary stable operation of coke
Today, the coking coal market is running smoothly. The demand of downstream enterprises for coking coal is expected to weaken, the number of new coal mines is reduced, intermediate traders and coal washing plants are actively shipping, and some of them show signs of price reduction. However, considering that the inventory pressure of coal mines is not great, some kinds of coal are affected by safety inspection and coal supply guarantee, and the supply is slightly tight, which has a certain supporting effect on coking coal prices. On the whole, it is expected that the mainstream of the domestic coke market will run smoothly for the time being tomorrow.
Scrap consolidation operation
Recently, in order to increase the arrival volume, manufacturers have raised prices to absorb goods, but the effect is not ideal. However, the manufacturer said that the current profit is meager and the subsequent price increase intention is not great. Therefore, it is expected that the scrap price will be consolidated tomorrow.
Weak polishing of pig iron
Finished products, scrap steel and black futures continue to improve, but the boosting effect on pig iron is limited, the demand for pig iron is sluggish, the delivery of iron works in various places is slow, and the prices of some manufacturers drop slightly to promote delivery. Some iron works that stopped production in the early stage have resumed production one after another, and the supply has increased. Under the mentality of buying up and not buying down, the downstream procurement is cautious, the overall trading atmosphere is weak, and the inventory of iron works is gradually increasing. Although some iron works are still arranging production and pre-shipment orders, the merchants' mentality is not optimistic, and the price of pig iron is expected to be weak tomorrow.
Four. Comprehensive suggestion
Today, snails fluctuated at a high level, and some resource quotations rose slightly. When the pressure of short-term resources arrival is low, the willingness of spot traders to hold prices is supported. In addition, the profits of steel mills have recovered and the expectation of resumption of production is strong. At present, the market maintains a weak balance between supply and demand, and the market inventory pressure is low. And as the weather turns cold, the demand of downstream construction sites is expected to improve marginally, and the market price is firm. Therefore, it is expected that steel prices will further strengthen tomorrow.