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Steel spot market on December 13

Dec 14, 2021

Construction steel: on December 13, the average price of 20mm grade III seismic deformed steel bars in 31 major cities in China was 4830 yuan / ton, an increase of 3 yuan / ton compared with the previous trading day. Specifically, in early trading, the price of domestic construction steel rose steadily in the morning. In the afternoon, as the futures snail continued to rise, the market trading was active, and the just needed transaction was OK. Most merchants mainly shipped goods, and the whole day delivery was slightly better than the previous day. In the short term, it may be difficult to change the supply side too much at present. Although the profits of the steel plant have been repaired and the power to resume production has increased, the space for output recovery is limited due to the limited production of the Winter Olympic Games and autumn and winter.


Hot rolled coil: on December 13, the average price of 4.75mm hot rolled coil in 24 major cities in China was 4807 yuan / ton, up 13 yuan / ton compared with the previous trading day. Recently, the output of hot coil has picked up. At the same time, affected by the price rise of double coke today, the national price has increased slightly. Today, the price has increased, and speculation has increased, which has promoted the improvement of market transactions. However, the demand in the future is still weak, and it is expected to accumulate some reserves in the later stage.


Cold rolled coil: on December 13, the average price of 1.0mm cold coil in 24 major cities in China was 5475 yuan / ton, down 12 yuan / ton compared with the previous trading day. According to the feedback of traders, today's cold rolling market is pessimistic in the early stage, and most regions still make up for the decline. In a few regions, there is a narrow shock adjustment, the cashing mood is getting stronger and the shipment is mainly maintained. In the downstream, it purchases more on demand and has low willingness to prepare goods.


Medium and heavy plate: on December 13, the average price of 20mm ordinary plate in 24 major cities in China was 5136 yuan / ton, an increase of 3 yuan / ton compared with the previous trading day. At the supply level, the northern steel mills have resumed production one after another recently, mainly increasing production in East China, and the national medium plate output shows a low recovery trend. It is expected that there is still a small upward space for short-term output. In terms of circulation links, the order competition of common plate is relatively fierce, the market speculative demand is poor, the phenomenon of steel mills giving in and grabbing orders is obvious, and the pressure of low alloy is small. At present, it maintains a large price difference with common plate. On the demand side, the futures market rebounded today, and there was an obvious stabilizing mood in the spot.

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