Steel spot market on November 29

Construction steel: on November 29, the average price of 20mm grade III seismic deformed steel bars in 31 major cities in China was 4783 yuan / ton, down 24 yuan / ton compared with the previous trading day. At present, it has gradually entered the off-season of consumption. Although there are expectations for the improvement of real estate and capital margin, it has little impact on the market. The market focus has gradually shifted from high inventory and high price in the early stage to low-cost winter storage. Businesses are eager to lower the finished product price for later winter storage, and steel mills hope to reduce the raw material procurement cost for replenishment.

Hot rolled coil: on November 29, the average price of 4.75mm hot rolled coil in 24 major cities in China was 4774 yuan / ton, down 23 yuan / ton compared with the previous trading day. There are many factors affecting the recent news. The expected resumption of production of steel mills across the country has increased significantly, and the rise driven by the raw material end is more obvious. However, the actual resumption of production of steel mills is under pressure and the raw material end is still suppressed by policies. Therefore, at present, the logic of Chen Ben's collapse continues at the finished product end, but the point price of hot coil disk is against the basis, and many orders have not left the market, which has a certain supporting effect on the market. In January, there was no substantive document on the production restriction of the Winter Olympic Games, and the actual impact could not be budgeted. At the same time, there was no significant volume of transactions at the current stage, there was no significant change in short-term fundamentals, and the spot price was difficult to rise, but the downward space for weakening was also limited. In terms of the contradiction between supply and demand, this year's crude steel output has decreased by about 10% - 11% compared with last year, and the target of horizontal control output has been completed. In order to ensure the marginal maximization of next year's output index, it is expected that the steel plant output in December is slightly higher than that in November, while the social inventory is 5.6% higher than that in last year, and the weekly average consumption has decreased by 14-18%. At present, the pressure of stock removal in the market remains.

Cold rolled coil: on November 29, the average price of 1.0mm cold coil in 24 major cities in China was 5482 yuan / ton, down 15 yuan / ton compared with the previous trading day. Today, the market pessimism has not improved, the support of the spot market is weak, and the average cold rolling price has dropped. In terms of transactions, transactions in Shanghai, Tianjin, Guangzhou and other markets are still weak. In the early stage, high-priced resources are basically sold out. Steel plant resources arrive one after another. Most businesses mainly ship goods. They are still pessimistic about the current market. In the downstream, it purchases more on demand and has a poor willingness to prepare goods.

Medium and heavy plate: on November 29, the average price of 20mm ordinary plate in 24 major cities in China was 5132 yuan / ton, down 16 yuan / ton compared with the price of the previous trading day. At the supply level, the North limit production ratio is relatively high, but in other regions, because of the better profit of medium plate varieties, the production of medium plate is basically guaranteed. At present, the slab rolling enterprises do not lack slab, and the output of general plate has obviously increased. In the circulation link, the market speculation demand is poor, and the steel mills are short of orders. Especially in a single discussion, the flow of resources basically depends on the agreement, resulting in the continuous accumulation of steel mills and the slight decline of social libraries. This situation can only be broken by the production restriction of the future Winter Olympic Games. In terms of demand, at present, the price difference between hot-rolled open plate and medium plate is still high, and the substitution effect between varieties in some regions is obvious, resulting in no significant recovery in medium plate demand even if the short-term market is stable.