Steel spot market on December 6

Construction steel: on December 6, the average price of 20mm grade III seismic deformed steel bars in 31 major cities in China was 4823 yuan / ton, an increase of 25 yuan / ton compared with the previous trading day., In early trading, the price of domestic construction steel rose steadily in the morning, with a large increase in some regions, such as central China and Central South China. In terms of transaction, the high level of snail in the afternoon fell, the rise of spot prices in some regions fell, the terminal purchased normally, the speculative demand was mainly on the sidelines, and the transaction performance throughout the day was acceptable. In the short term, the macro warm air blew frequently last week, releasing the standard reduction signal; On the other hand, real estate financing is gradually alleviated. At the same time, steel inventory continued to decline last week, and the decline expanded, which was good for finished products.

Hot rolled coil: on December 6, the average price of 4.75mm hot rolled coil in 24 major cities in China was 4837 yuan / ton, an increase of 28 yuan / ton compared with the previous trading day. At present, due to the limitation of supply, the late arrival is expected to decrease, but the current national market demand is still uncertain. There is no substantive document on the production restriction of the Winter Olympic Games in January, and the actual impact cannot be budgeted. At the same time, there is no significant volume of transactions at the current stage, there is no significant change in the short-term fundamentals, and the spot price is difficult to rise, but the weakening downward space is also limited.

Cold rolled coil: on December 6, the average price of 1.0mm cold coil in 24 major cities in China was 5501 yuan / ton, an increase of 15 yuan / ton compared with the previous trading day. Due to the strong night trading of black futures last Friday, merchants still made a small exploratory increase in their bids early this morning, but few merchants fed back inquiries. With the gradual weakening of black electronic futures, merchants callback their prices in the afternoon, and the overall transaction today is general. According to the feedback from merchants, although the rise of hot coil futures last week boosted the market demand, the downstream terminals are cautious and wait-and-see, and most of them still purchase on demand.

Medium and heavy plate: on December 6, the average price of 20mm ordinary plate in 24 major cities in China was 5156 yuan / ton, up 16 yuan / ton from the previous trading day. At present, there are some differences on the future supply pattern. On the one hand, the resumption of production in December is expected, but on the other hand, the production restriction of the Winter Olympic Games in the first quarter of next year will have a certain impact on the output of the medium plate. In the circulation link, the current regional price difference of the common plate is small, the resource liquidity is poor, and there is a certain space for low alloy. There is a price difference between the cost price from the north to East China and the market price of about 100 yuan / ton, which will become the main southward resource. It is expected that the price difference between the low alloy and the common plate will show a repair trend in the future.