Steel spot market on November 8

Construction steel: On November 8, the average price of 20mm three-level seismic rebar in 31 major cities across the country was 4,995 yuan/ton, down 21 yuan/ton from the previous trading day. Driven by Friday night trading, some areas rebounded slightly over the weekend. In the morning, the price of domestic construction steel continued to rise over the weekend in some areas, while prices in other northern areas fell sharply due to snowfall and cooling. From the perspective of transactions, today’s transactions are generally acceptable. Both downstream construction sites and traders have entered the market for purchases. Low-priced resources have increased slightly. The market trading atmosphere has improved slightly compared with the previous trading day. However, the billet has dropped sharply in the afternoon. High fall back. In the short term, environmental protection in the north has become more stringent recently. After the superimposed steel profit has narrowed sharply, steel mills in some areas are gradually facing losses, and the output of building materials remains low. In terms of demand, most northern regions across the country have cooled and snowed this week, and steel has welcomed In the off-season for consumption, demand has become even more sluggish, and the short-term spot market is still in a pattern of weak supply and demand.

Hot-rolled coils: On November 8, the average price of 4.75mm hot-rolled coils in 24 major cities across the country was 5,120 yuan/ton, down 20 yuan/ton from the previous trading day. Due to the large-scale snowfall in the north on Sunday, traffic and production were blocked. Traders in many parts of the north were closed, and the quotations were not positive. The demand terminal took into account the transportation and the market outlook and there were few transactions. On the whole, the current difference between the north and the south is affected by the weather. As the climate in the north becomes colder, the demand in the north will be significantly affected. From the current price difference, the prices in East China and South China are both weaker than those in the North, while prices in Shandong are significantly higher. In the surrounding area, there is a situation of east China resources going north to Shandong. On the whole, due to the weather, Beicai’s southward journey will be advanced, but under the influence of the weather, shipping will be restricted. Looking at the initiative, Beicai's driving force to go south is not strong.

Cold rolled coil: On November 8, the average price of 1.0mm cold coil in 24 major cities across the country was 5,974 yuan/ton, down 49 yuan/ton from the previous trading day. Today, hot coil futures fluctuated and the spot hot rolling continued to fall. Cold rolling continued to fluctuate downward under the influence of the emotional side of the market, and the national average price fell "breaking six." According to traders’ feedback, today’s cold-rolled market continues the pessimistic sentiment in the earlier period. The northern region has made up for a sharp decline. A small number of areas still fluctuate within a narrow range or even stabilize. The overall transaction is still weak. Mainly shipped. In the downstream, the sentiment of buying up and not buying down is strong, coupled with the impact of local power restrictions, raw materials are mostly purchased on demand, and there is greater pressure on funds.

Plate: On November 8, the average price of 20mm common plates in 24 major cities across the country was 5,463 yuan/ton, a decrease of 29 yuan/ton from the previous trading day. On the supply level, the national plate production has recently been affected by the stricter environmental protection restrictions in the northern region, and has shown a significant decline. On the other hand, the southern region has eased power restrictions and some steel mills have resumed production. It is expected that the short-term medium plate production will continue to remain low. . In terms of circulation, in order to ensure annual profits, most dealers chose to sell in this downtrend. Steel mills' orders for locked orders have dropped significantly, factories and warehouses have increased, and market speculative demand is poor.