Early warning of the hottest steel price trend the

2022-08-07
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Early warning of steel price trend: the steel market may rebound slightly at the end of the month

. Last Thursday, the central bank announced the interest rate cut. Last weekend, the central bank announced the economic data such as CPI, PPI, fixed asset investment, real estate investment and industrial added value in May, which were all biased towards neutral. When the central bank announced the interest rate cut, the market expectation that the economic data in May might be poor did not appear, but the surface hardness of the coating was not ideal. The data in May was slightly lower than that in April. Therefore, the domestic stock market did not set off great waves last week by continuously providing customers with perfect pre-sales and after-sales services through its own and authorized channels. The steel futures market is also relatively calm, while the local steel spot markets also maintain a relatively calm trend. Some urban construction steel prices with a deep decline in the early stage have rebounded, while the performance of medium and heavy plate and cold rolled coil in some regions is still weak and continues to decline slightly

according to market monitoring, domestic key cities Ф The average price of 25mm grade III deformed steel bar is 4173 yuan (ton price, the same below), down 3 yuan from yesterday; Domestic key cities Ф The average price of 6.5mm high-speed wire was 4085 yuan, down 15 yuan from yesterday; The average price of 5.5mm hot rolled coil in key domestic cities was 4167 yuan, the same as yesterday; The average price of 1.0mm cold plate in key central cities in China was 4990 yuan, the same as yesterday; The average price of 20mm medium plate in key cities in China was 4104 yuan, down 5 yuan from yesterday

the main rebar 1210 contract of the last Exchange opened at 4119 yuan/ton in the morning on the 15th, and then the price fluctuated throughout the day. The lowest price was 4112 yuan/ton, and the highest price was 4127 yuan/ton. It closed at 4122 yuan/ton, up 16 yuan/ton compared with the settlement price of the previous trading day (the 14th). The transaction was 409160, and the position was 642464 hands, down 29462 hands

in terms of raw materials, 150*150 ordinary carbon square billets in Tangshan were 3580 yuan, the same as yesterday; Tangshan area grade acid dry base iron concentrate price 1080 yuan, the same as yesterday; The price of secondary metallurgical coke in Tangshan was 1810 yuan, down 20 yuan from yesterday

at the end of last week, Greece was about to usher in the second election that attracted worldwide attention. Polls showed that conservatives might win the election. Most Greeks did not want to leave the euro zone. Affected by this, the Greek stock market rose 10% on Thursday. If the Conservatives win, as the polls show, the possibility of Greece's exit from the euro zone will be greatly reduced, which will be conducive to the stability of European and American stock markets and futures markets. Once the radicals win, the impact on the global stock market and futures market will be incalculable. Let's wait for the results. In the past two weeks, the price of domestic construction steel, hot rolled coil, billet, strip steel, profile and other major varieties of steel has stopped falling, and some regions have rebounded. The 10th western international plastic industry exhibition was held from March 27 to 29 in this beautiful season. The overall market mentality tends to be stable, and the market turnover is normal. It is expected that the domestic stock market and steel futures market will be dominated by fluctuation and rise next week, and the steel spot market will also be reflected. In addition, the recently released steel data is also good for the price trend, which is also beneficial for the domestic α—— Before the impact, the pendulum angle steel price stabilized in the near future and provided support for the rebound in the later period. According to the data of the National Bureau of statistics, China's crude steel output reached 61.234 million tons in May, with a daily average output of 1.9753 million tons, down nearly 40000 tons from April. Data show that after the continuous decline in prices, some steel mills have taken measures to reduce and limit production, but the area involved is not large. In May, China exported 5.23 million tons of steel, an increase of 560000 tons over April, a new high since 2012

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