Todays steel market review
Todays steel price continues to fall slightly.As of the closing, the main thread 01 contract was closed 3331, a drop of 80 points from the previous trading day; the main force 01 contract closed 3510, down 68 points from the previous trading day;Falling 93.5 points; the main coking coal contract closed at 1300.5, down 40 points from the previous trading day; the main contract of iron ore closed 762, down 22.5 points from the previous trading day.As of 16:00 on the 11th, in terms of finished materials, the average spot price of Lange Iron and Steel Steel Steel was 3518 yuan, down 62 yuan from the previous trading day; the average price of the hot roll was 3542 yuan, a 34 yuan from the previous trading day.In terms of raw materials, the price of PB powder imported from Jingtang Port is 770 yuan, a decrease of 10 yuan compared to the previous trading day; the price of Tangshan quasi -first -level metallurgical coke is 1760 yuan, which is the same as the previous trading day.It is 3100 yuan, which is the same as the previous trading day.
Steel market analysis
Todays steel market is weak operation, disk surface and spot price have reached a new lowEssenceFrom the perspective of the spot market, combined with the performance of the weekend sluggish market, the market-opened merchants actively cut prices and shipments. The threads and hot roll varieties generally fell by 30-50 yuan. Individual market declines are more than 50 yuan.Cold -rolled varieties have limited decline.The north began to enter the heating season. As demand decreased, the price decline accelerated compared to the south.At present, the price advantage of Beijing threads to Hangzhou and Guangzhou is no longer lower than the two places.In general, market transactions are generally performed, and price reductions have little effect on the promotion of transactions.
The market continues to weaken today.On the one hand, due to the weakening of market sentiments, the entire price of gravity has been moved down in the rhythm of the decline in "disappointment"; on the other hand, it is to kill the spot funds to drive the spot in the off -season weakness.However, there are many factors in the spot market. However, due to the limited resources in traders, the dominant power is still in the steel mill.Focus on the profit level of steel mills and changes in the profit of electric furnace valley.
Today Baosteel and Angang announced that the domestic sales prices in December have been announced in December, which basically remain unchanged on the basis of November, showing a cautious attitude of price adjustment.But on the other hand, it also shows that the market does not have a large foundation.The Ministry of Finance issued a notice a few days ago, and issued a budget of the subsidy funds of some central financial towns in 2025 in advance in 2025.Among them, the budget of housing security funds was 11.9 billion yuan, the budget of 10 billion yuan in urban village renovation funds, 33.2 billion yuan in the renovation of old communities, and a shantytown (urban dangerous house) renovation of 1.5 billion yuan.In addition, in the financial data introduced today, the scale of personal housing loans in October stabilized in October, which is obviously better than the average of 69 billion yuan in the first nine months, and it is also the level of the same period of the previous two years.The central bank issued a three -quarter monetary policy implementation report proposed that efforts to promote the implementation of real estate financial incremental policies, guide financial institutions to strengthen financial guarantee, meet the rigidity and diversified improvement of urban and rural residents, and actively support the acquisition of existing commercial housing for guarantee housing.Support to revitalize the existing idle land, promote the stop of falling in the real estate market, and promote the construction of a new model of real estate development.
The market should not see the short -term policy "not as expected", but also should pay attention to the long -term utility of the policy and the determination to stabilize the economy.
Quotation Outlook
From the perspectiveRhythm switching has not been finished.After entering this week, the market has a monthly policy vacuum period. The reality supply and demand are more heavy than the market. The price has fallen, and the off -season characteristics are more obvious.However, from a longer period of time, it cannot be weakened after the short -term expected expectations, and the long -term effectiveness of the policy will be ignored, and it is difficult to make the short -term market decline into trendly decline.The current level of inventory and the overall price is low, and the lack of downward drivers.It is expected that after a slightly downward adjustment, there will still be a chance to go up.
From the perspective of the market, the black system closed down, among which coke fell more than 4%, threaded, iron ore, and coke coal fell more than 2%, and the decline was further than the closing of the market last Friday.expand.From the perspective of the main contract of the thread, the end of the end was rebounded at 3331, falling 80, holding a position of 1.832 million hands, and an increase of 54,000 hands.Among the first 20 seats holding positions, the bull position increased by 28,000 hands, the short position increased by 36,000 hands, and the net increase in Yongan Futures was close to 11,000 hands.From a technical perspective, the signals in the daily days are still relatively fragile, especially since it has increased its positions on Friday, it has been over 100 points.In the next step, if you cant return to the cost of increasing positions in these two days, the short -term will still be weak.The following prevents falling into the 3250-3300 interval below, effective pressure has been formed near the 3400 above.
This article comes from: Lange Iron and Steel Network
