Beijing OCEPO Beijing OCEPO

2022 Olympic Winter Games in Beijing:

strong technical force
Home > News

Steel market on August 23

Aug 24, 2021

Construction steel: On August 23, the average price of 20mm three-level seismic rebar in 31 major cities across the country was 5,273 yuan/ton, an increase of 28 yuan/ton from the previous trading day. Specifically, snails fluctuated at a high level in the early trading. In the morning, the price of construction steel in most major domestic markets continued to rise over the weekend, with some cities rising sharply. From the perspective of transaction, the expected snails fell from the high level, and the spot market mostly held prices after rising, and the trading atmosphere performed generally. The transaction throughout the day was better than the previous trading day. At present, the bifocal market is leading the rise, driving the rise of finished products, but because the current spot is still in a situation of weak supply and demand, we still need to pay attention to the disturbance of the supply-side policy in the later period. It is expected that the domestic construction steel market price will continue to fluctuate strongly on the 24th. Lord.

Hot-rolled coils: On August 23, the average price of 4.75mm hot-rolled coils in 24 major cities across the country was 5714 yuan/ton, an increase of 40 yuan/ton from the previous trading day. Today’s black commodity futures market oscillated, and the spot market’s early quotations rose slightly. After the rise, market transactions were fair, and intraday prices continued to strengthen. However, as the market fell in the afternoon, the spot market’s trading atmosphere began to weaken, and merchants gave up some Increase in the afternoon. At present, there is not much pressure on the inventory of merchants in the market. The difference from the past is that the recent inventory is not concentrated in the hands of large players but scattered throughout the market. As a result, each has a small inventory, so the inventory pressure of merchants is not very strong. Price willingness is strong, low levels are certain to support, coupled with the upcoming September demand is expected to rebound, still optimistic about the market, it is expected that the price of hot-rolled coil on the 24th may fluctuate strongly.

Cold rolled coil: On August 23, the average price of 1.0mm cold coil in 24 major cities across the country was 6,487 yuan/ton, an increase of 16 yuan/ton from the previous trading day. Today's futures volatility is intensified and steel mill settlements are relatively high recently. Merchants in many places are selling at prices; the north-south spread continues to narrow, and the overall demand has not yet been released, and the overall transaction is weak. On the downstream side, the recent downstream orders are general, the equipment has not been fully started, the raw materials are mostly purchased on demand, and the pressure on funds still exists. It is expected that domestic cold rolled spot prices will fluctuate in a narrow range on the 24th.

Plate: On August 23, the average price of 20mm common plate in 24 major cities across the country was 5664 yuan/ton, an increase of 13 yuan/ton from the previous trading day. On the supply level, the frequency of maintenance and resumption of production in steel mills is still relatively high recently, and the output is at a slightly low level. However, with the expansion of steel mill profits, some steel mills have postponed maintenance plans, and the future decline in medium plate production may be limited. In terms of circulation, due to the relatively high price negotiated by a northern steel mill and the narrowing of the north-south price gap, the demand for orders has dropped significantly. This has led to a decline in the recent market arrivals, and a small increase in social stocks, which eases the pressure on stocks. In terms of demand, with this round of in-depth adjustments in the price of the medium board, speculative demand has declined, downstream procurement has slowed down, and some demand has been suppressed. However, from the market situation last Friday, after the spot has stabilized, demand will have a certain degree this week. Heavy volume. It is generally estimated that the price of plate will increase slightly on the 24th.

Previous: North American semi-trailer market integration accelerates

Next: New campus of BRAC University in Bangladesh rises up