Yesterday's terminal demand continued to be sluggish, and the transaction was also weak, but the merchants were affected by the new round of steel mill policy, and the market wait-and-see mood increased.
Recently, the mainstream trend of domestic steel prices has shown a steady increase and decrease. As of yesterday, the domestic third-grade thread North China region lowest price 20 market 20mm three-level thread offer to 3440 yuan / ton, East China Nanjing, Jinan market with the same specifications offer a small drop to 3430 yuan / ton; 20mm general board North China lowest price Shijiazhuang The market to 3,450 yuan / ton, the East China Jinan market with the same specifications quoted to 3,530 yuan / ton. Compared with the previous trading day, the price was lowered by RMB 3/ton; the average price of the mainstream market of 20mm plate was RMB 3,645/ton, down by RMB 2/ton from the previous trading day; the average price of the mainstream market of 4.75mm hot rolled coil was RMB 3,625/ Tonne, up 1 yuan / ton from the previous trading day; 5# angle steel mainstream market average price is 3577 yuan / ton, down 3 yuan / ton from the previous trading day.
News: Central Bank plus code reverse repurchase "stable currency" has become a consensus. The anti-repurchase that continued to be carried out yesterday, “increasing the priceâ€, made the central bank’s intention of “stabilizing the currency†more obvious. After restarting the 17 billion reverse repo on Tuesday, it was significantly more heavy than Tuesday. Insiders pointed out that monetary policy has a clear intention to maintain stability. Although the high bid-winning interest rate of reverse repurchase shows that the fine-tuning of the open market is still moderate, the signal meaning of the resumption of repurchase has stabilized the funds. The price of funds continued to fall across the board yesterday. .
Cost side: Tangshan 150 bills stabilized at 3070 yuan / ton this morning. In addition, yesterday, Shagang, Hegang, Shanghai Shente, Shanxi Liheng, Yonggang, Baotong Steel and other manufacturers raised the ex-factory price of building materials by 20-60 yuan/ton; Chengdu Chengshi, Xinfu Steel, Shanyuewang, Siping Modern, Shiheng Special Steel, Laigang Yongfeng, Jigang Wuyuan, 2672 Factory and other manufacturers have lowered the ex-factory price of building materials by 20-50 yuan/ton; Xicheng Steel lowered the medium plate by 60 yuan/ton. From this point of view, the current mainstream manufacturers of the first line are still more than the price in the first half of August, but the price adjustment of some small factories in the second and third lines is still slightly reduced.
Futures: Yesterday rebar main contract Rb1401 opened higher and lower, opened 3655, thread received 3647, yesterday morning Shagang price adjustment boosted, the market rose slightly, but the pressure near the 20-day moving average is strong, the high drop, it is expected today thread continues A narrow range of shocks.
On the whole, with the new round of mainstream manufacturers' price adjustment policies, the current trend of raw materials and snails is still down, and the demand transaction is not good. However, under the influence of the current business mentality, it will be short-term. Steel prices still have room to stabilize and rebound, but in the medium and long term, we still need to pay attention to the demand support situation. It is expected that today's mainstream trend will enter a stable and slightly stronger consolidation period. Among them, the average price of the mainstream market of rebar today is adjusted to 0~10 yuan/ton, and the average price of the mainstream market of 20mm plate is fluctuating between 3640-3650 yuan/ton.
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