Steel Price in Nov. 23, 2020

Iron ore: The spot offer for iron ore on the 24th is expected to be lowered by 5-10 yuan. Iron ore futures closed: ore 2101 closed at 867.5, down 10.5, or 1.20%, which fell sharply during the intraday session. The daily K-line closed in Changyin. It is expected to be weak and volatile in the short term, supporting 890 under 850 pressure. Yesterday afternoon, the disk was weak and fluctuated, and the transaction was relatively deserted. With the sharp drop in steel prices, the market sentiment was pessimistic. It is expected that today's iron ore port spot offer will be weaker by 5-10 yuan.

Coke: On the 23rd, on the 23rd, the first-level metallurgical coke will be accepted to the factory to accept tax 2140-2150 yuan/ton; the Lvliang second-level metallurgical coke’s ex-factory price including tax is 1950 yuan/ton; the Tangshan second-level metallurgical coke is accepted to the factory with tax 2140-2150 Yuan / ton. The domestic coke market remained stable with good transactions. In Shanxi, environmental protection and production restrictions have increased, and the operating rate of coking enterprises has dropped slightly. At present, coking enterprises in various regions are actively producing under the stimulation of high profits. The operating rate of blast furnaces in steel mills has remained high. The supply and demand of coke are booming. The inventory of coking enterprises has remained low, and the supply is tightly balanced. Merchants are optimistic, and coke is stable and improving in the short term.

Steel billet: On the 23rd, Tangshan steel billet fell 30 yuan to 3590 yuan/ton. At present, some local and surrounding steel mills in Tangshan and surrounding carbon billets reported 3590 yuan/ton, all including tax and ex-factory. The naked price of merchants was 3340 yuan. Yesterday, the snail market opened and dived to stay green and low, which dampened market sentiment. Downstream demand is not following up enough. Manufacturers often wait and see for billet purchases. Local finished product prices also show a callback phenomenon. The overall operation is more cautious. The short-term billet prices are expected to be biased. Weak finishing.

Building materials: At the close on the 23rd, the price of Hegang Group III earthquake-resistant large snails in Beijing market was 3900 yuan/ton, down 10 yuan/ton from the previous day; Shagang Group III large snails in Shanghai market were 4180 yuan/ton, down 80 yuan from the previous day /Ton; Guangzhou Shaoguan Steel's third-grade snail is 4500 yuan/ton, which is stable from the previous day.

Plates: At the close of the market on the 23rd, the closing price of hot coils on the Shanghai market was 4130-4140 yuan/ton, down 20 from the previous day's price; the closing price of hot coils on the Tianjin market was 4020-4050 yuan/ton, an increase of 20 yuan from the previous day's price; The closing price of Lecong hot coils was 4170-4180 yuan/ton, down 30 from the previous day.