China's steel market narrowly adjusted on August 11

China's steel market narrowly adjusted on August 11 China's steel (4925,28.00,0.57%) market narrowed its adjustment on August 11th, with the construction steel market stabilized, hot rolled steel prices slightly lower, cold plate market prices slightly lower, and plate prices stabilized. Mainly.

Lange Steel on August 11 news, the domestic steel market narrowly adjusted. Among them, the construction steel market is mainly stable, the price of hot-rolled steel sheet is slightly lowered, and the cold-plate market price is slightly lower. The plate price is mainly stable. The specific market changes for various steel products are summarized as follows:

Construction steel: Today, the domestic construction steel market is mainly stable. According to Lange Steel Network's monitoring, the average price of China's key cities Ф6.5mm high line is 5,027 yuan (t price, the same below), down 4 yuan yesterday; the average price of domestic key cities Ф 25mm rebar 4964 yuan, down 3 yesterday yuan. Leading cities: Beijing 6.5 high-line 5040 yuan, the mainstream specifications of secondary rebar 5000 yuan, unchanged from yesterday; Shanghai market high line 4990 yuan, rose 30 yuan, rebar 4860 yuan, unchanged from yesterday. After a series of minor adjustments, the overall stability of the domestic market is dominated today. Indifferent markets experienced inertial declines, and some of the resources in some markets rose due to shortage of prices. In terms of steel mills, Hegang and Shagang recently released mid- and mid-segment prices for spirals. In Hegang, the resources for wire rods (4750, 245.00, 5.44%) were raised by 150 yuan, while rebar and coils kept prices unchanged; Shagang The rebar was lowered by 50 yuan, the disk screw was lowered by 30 yuan, and the high-line price was unchanged. The actions of the two major steel mills have a certain guiding significance for the mid-term operation of the spot, but have little impact on the current market. The price of steel billet rebounded slightly yesterday afternoon, and the price of small steel mills in the north generally rose slightly. This made the difference in the mentality of the spot market more obvious and the operations varied. The upstream and downstream atmosphere is more concentrated. From the spot level, the downstream demand is still small, but after the end of the decline, the market's temporary stabilization will help attract downstream purchases, but in the short term, the turnover is unlikely to improve, so the market still lacks actual demand. Support. The slight rebound of billet will only promote the market temporarily. Once the market resource shortage situation is eased, prices will remain low. Therefore, it is expected that the recent market will show a stable trend of the weaker disk, and no obvious increase will occur.

Hot Roll: Today's domestic hot rolled coil prices are slightly lower. According to market monitoring by Lange Steel Network Steel Information Research Center, the average price of 5.5mm hot-rolled coils in major domestic cities was 4,819 yuan, and the average price slightly fell by 1 yuan compared with yesterday. US stocks tumbled again last night, the three major indices fell more than 4%, but the US stock market "roller coaster" like the market did not form a stimulus to the domestic futures market, today's steel and the stock market opened lower in early trading, intraday impulse Obviously, although the quotation of the spot hot rolling market was loose in the early part of the market, under the long-term pull, the overall willingness to go lower was insufficient, and low-cost resources in some regions also gradually increased. Judging from the performance of the recent domestic market, both the forward market and the physical cash market have demonstrated strong resilience, along with the spread of the European debt crisis, the Chinese market as a "safe haven" has not ruled out a large number of bargain-hunting. Funds, and from the period of steel exploration to the year after the new low prices heavy volume, the "bottom" or has been formed, while the hot spot market is also steel mills overhaul maintenance, demand rebound and other favorable support under the strong support. In addition, the renewed high CPI index in July increased the possibility of the central bank raising interest rates, but faced the external weakness, the pressure of influx of hot money, and whether interest rate increases are conducive to economic development, so for the later hot rolling Said that after a brief consolidation will still pull up.

Cold plate: Today's opening, domestic cold rolled coil market prices fell slightly. According to market monitoring by Lange Steel Information Research Center, the average price of 1.0mm cold plate in 10 key central cities in China is 5,499 yuan, which is 8 yuan lower than yesterday. Zhengzhou fell by 20 yuan, Shenyang by 30 yuan, Guangzhou by 30 yuan, and other first and second-tier cities remained stable. Today's global capital market has continued to fluctuate. The market rumors that the French rating suffered a downward adjustment triggered another market panic. The confidence in the steel spot market has also been affected. Today's opening, the domestic spot prices of domestic building materials, hot coils and other spot market consolidation, cold rolled coil quotation in some areas It also followed slightly. Affected by the relative tightness of resources in the market, the offer of businesses in most regions remained stable for the time being, taking a wait-and-see attitude. On the whole, the overall performance of market demand is still weak, and the sentiment of the enterprises is heavier. Although the price reduction in some regions has little effect on market transactions, there has been no significant improvement in market transactions. Given the current tight domestic cold rolling resources and poor demand, the cold rolling market remains in a weak and steady state, and the possibility of a sharp drop is unlikely. In the short term, domestic cold rolled coil prices will maintain consolidation.

In the board: Today's opening, the domestic plate prices around the plate stable. According to market monitoring by Lange Steel Information Research Center, the average price of 20mm middle board in domestic key cities is 4,875 yuan, which is basically stable compared with yesterday. Judging from the price changes of major cities in the country, the prices of medium and heavy plates in Beijing have been slightly lowered. The plate prices in some areas such as Langya, Langfang and Shanghai have increased slightly, and the plate prices in most markets have remained stable. The slump in U.S. stocks last night made China's stock market still weak today. Steel quotations kept a tight range after the market opened lower. From the perspective of the stock market and the ** market, it still has a negative impact on the steel spot market. Affected by the unpredictable trend of steel and quotations, steel traders are also confused about the recent market trend, and most businesses are mainly focused on watching. Downstream businesses’ purchasing enthusiasm was also reduced last week, and market transactions were not active. Recently, some steel mills have maintenance policies, and each steel mill has little supply to the market. New resources in the market are slow, and specifications such as Tangshan and Handan have dominated the market. At present, the market supply and demand are two weak, **, the stock market is still the navigator of the spot market, but the recent domestic and international economic downturn, short-term reversal is difficult, it is expected that the plate market prices continue to weaken consolidation.

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