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Steel spot market on January 4, 2022

Jan 05, 2022

Construction steel: on January 4, the average price of 20mm grade III seismic deformed steel bars in 31 major cities in China was 4728 yuan / ton, an increase of 2 yuan / ton compared with the previous trading day. Specifically, the price of domestic construction steel in early trading was basically stable compared with that before the festival. In terms of transaction, today is the first working day after the small and long holiday. There is a phenomenon of purchasing and replenishing the warehouse at the terminal, and the transaction is generally acceptable. From a fundamental point of view, the supply caters to the expectation of resumption of production, and there is a certain enhancement expectation, but the demand continues to weaken, and the inventory enters the formal accumulation stage; From the perspective of winter storage, the current winter storage policy is still on the high side, traders' enthusiasm for taking goods is relatively limited, and the return of funds is still dominated by shipment collection.


Hot rolled coil: on January 4, the average price of 4.75mm hot rolled coil in 24 major cities in China was 4781 yuan / ton, up 3 yuan / ton from the previous trading day. Today, the black commodity futures market fluctuated upward, and the price of the spot market rose slightly, but the transaction after the rise was general, and there were many dark drops in the spot market. At present, the actual market demand is still weakening. Near the Spring Festival, the overall market supply and demand is still weak.


Cold rolled coil: on January 4, the average price of 1.0mm cold coil in 24 major cities in China was 5438 yuan / ton, down 2 yuan / ton compared with the previous trading day. Although the disk of black futures is strong today, the overall shipment of merchants is weak, and the average daily trading volume of large households is basically maintained at the normal level of 1 / 3. Most businesses believe that there is still room for decline in the price of cold rolled sheets and coils in the future. At present, the operation is mainly focused on shipping and returning funds, and they generally hold a pessimistic attitude. According to the feedback of traders, due to the majority of settlement policies of steel mills in the future, the merchants' willingness to order is not strong, and they are more inclined to lock price orders. There is still a large gap in the receipt of orders by steel mills.


Medium and heavy plate: on January 4, the average price of 20mm ordinary plate in 24 major cities in China was 5067 yuan / ton, down 17 yuan / ton from the previous trading day. From the supply side, due to the improvement of the production of northern steel enterprises, the output has picked up slightly, but the output may be restrained again due to the impact of the Spring Festival in February and the Winter Olympic Games. From the perspective of circulation, although there is low inventory and low supply, traders have little intention to store this winter, mainly reduce the inventory and return the funds, and are still uncertain about the price trend next year, so they should operate cautiously.

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Rogers Zhang