Steel Market Price on December 9

Rebar: On December 8, the average price of 20mm third-class rebar in 25 major cities in China was 4,059 yuan/ton, up 11 yuan/ton compared with the previous trading day.From the transaction point of view, yesterday most merchants feedback market speculative demand weakened again, the overall transaction slowed down.At present, although the iron ore, coke and other raw materials are relatively strong, forming a certain support for the price of construction steel, but considering the effect of the low season, the overall demand for construction steel is gradually declining, and the overall mentality of the construction steel market is relatively cautious. In conclusion, it is expected that the domestic construction steel price or high consolidation operation in the short term.

Hot rolled coil: On December 8, the average price of 4.75mm hot rolled coil in 24 major cities in China was 4,338 yuan/ton, up 38 yuan/ton compared with the previous trading day.At present, the market resources are relatively small, coupled with the high order price of steel mills, so businesses are not willing to sell too low, but with the price continues to go up, the downstream procurement is more cautious, basically on demand procurement, the overall transaction is not lukewarm.Short - term market supply and demand is still tight balance, prices still have some support.In general, today's national hot rolled coil price or will maintain high shock operation.

Cold rolled coil: On December 8, the average price of 1.0mm cold rolled coil in 24 major cities in China was 5,275 yuan/ton, up 47 yuan/ton compared with the previous trading day.From the fundamental point of view, the supply and demand pattern is tightly balanced, and the supply side output growth trend is unchanged;In terms of demand, the retail sales volume of passenger car market in November was 2.081 million, up 8% year-on-year. In December, China entered the winter sales period of passenger car market.Market feedback, the recent market specifications shortage is very serious, especially thick specifications, most of the market are in the markup sales.In summary, today's domestic cold rolling price strong operation.