Today's point of view
Today, black commodity futures were mixed, and the trend of varieties was different. Among them, rebar and hot-roll contracts contracted significantly, especially for rebar contracts, double-focus and iron ore contracts closed down slightly, and the latter significantly reduced positions. . The continuation of environmental protection has made the market expectation to be falsified, whether it is the contract price or the disk profit has been repaired, and from the morphological point of view, this repair will continue. In terms of spot, it was also affected by the news. The market mentality has been repaired. Today, the spot of the variety has rebounded, but after all, it is in the off-season. The demand is difficult to support the continuous rise in the day, so the increase is small. However, from the current situation, the fundamental pattern has not changed, and the inventory will remain at a low level. It is expected that the short-term domestic steel prices will be in a strong and volatile situation.
Macro hotspot
1. [Domestic commodity futures closed at a different trend, crude oil led the gains, steel futures rose in the lead] crude oil closed up 2.3%, thread, hot coil, asphalt, plastic rose more than 1%, Zheng alcohol, coke, glass, eggs, apples, Shanghai Nickel, Shanghai Copper, Zhengmian, Huxi, Shanghai Aluminum, cotton yarn, iron ore, etc. closed up. Palm and Shanghai zinc fell more than 2%, ferrosilicon, soybean oil, and white sugar fell more than 1%, and vegetable, manganese, silicon, coal, rubber, soybean meal, corn, Shanghai gold, Zheng coal, and Shanghai silver fell.
2, [the index will fall back in the afternoon, and the colored and sub-new plates will pick up collectively]
The Shanghai Composite Index closed at 2,827.63 points, up 0.44%, with a turnover of 112.6 billion.
The Shenzhen Component Index closed at 9205.43 points, up 0.49%, with a turnover of 193.4 billion.
The GEM closed at 1592.98 points, up 0.70%, with a turnover of 70.1 billion.
3. [Shanghai issued the “100 measures to expand and open up†plan] The plan proposes to establish the Copyright Service Center of Shanghai Pilot Free Trade Zone; encourage foreign investment in advanced manufacturing, and strive for foreign-invested new energy vehicle projects; further relax market access for services Accelerate the implementation of the automobile, aircraft and shipbuilding industries, and innovate and develop high-end green import remanufacturing and global maintenance business.
4. When Li Keqiang and German Chancellor Merkel co-chaired the fifth round of Sino-German government consultations, they emphasized: facing the future, opening up two-way, and achieving win-win cooperation. The two prime ministers listened carefully to the diplomatic, economic, industrial, financial, and financial Reports from the heads of education, science and technology, trade, environmental protection, agriculture, social security, and health. The two sides agreed that China and Germany should deepen cooperation in the financial and economic fields, use high-level financial dialogues and other mechanisms to strengthen macroeconomic policy communication and build a bilateral and third-party market cooperation financing platform. Through multilateral platforms such as the G20, the flag is clearly opposed to protectionism, maintaining a free trade system based on multilateral rules, and promoting a strong, sustainable and balanced growth of the global economy. The German side appreciates China's measures to further open up the financial market. The Chinese side supports the construction of the Frankfurt Financial Center and the offshore market of the RMB, and agrees to grant the Deutsche Bank the qualification of the underwriters of non-financial corporate debt financing instruments. After the consultations, the two prime ministers witnessed the signing of more than 20 bilateral cooperation documents in the fields of agriculture, education, youth, health, chemical, communications, automobile and autopilot.
Market today
Raw material
Billet: The price of the national billet market is getting higher. Today, Jiangsu steel billet rose 40 yuan / ton, Tangshan, Shandong steel billet rose 50 yuan / ton, Shanxi rose 60 yuan / ton. Today, the straight billet transaction was smooth, and the warehouse stocks around 3,770 tax-included parts were sold. The steel futures oscillated upwards, and the overall sales of downstream finished products were acceptable. Today, Shandong steel billet rose 50 yuan / ton, Q235 billet factory 3720-3730 yuan / ton, individual steel mills scheduled production, downstream more inquiry, the market is active, middlemen rallies.
Domestic mines: Some market prices of domestically produced main producing areas increased slightly. The price of Qian'an in North China rose by RMB 5/ton, and the price of Tongling Tongling in East China rose by RMB 10/ton. Specifically, North China-Tangshan 66% dry-based tax-included cash factory 640-650 yuan / ton, Qianxi 66% dry-based tax-included cash out 630-640 yuan / ton, Qian'an 66% dry basis tax-included cash factory 650-660 yuan / ton; Zunhua 66% dry basis tax-included cash factory 635-645 yuan / ton.
Imported mines: The price of imported minerals traders in the morning was basically the same as yesterday. The mainstream price of PB powder in Shandong and Tangshan area was 455-460 yuan/ton, and the willingness to trade below 450 yuan/ton was not strong. Today, the rise in the market price of finished products has boosted traders, and there has been no phenomenon of low-priced goods. In general, the steel mills mainly understand the price, and it is difficult to reach the psychological price of the traders. At present, the two sides are in the game stage. In the afternoon, the traders' mentality has improved, the market transactions have gradually recovered, the transactions have been normal throughout the day, and the transaction prices have risen slightly. .
Steel spot
Construction steel: Today's domestic construction steel prices rebounded slightly. In terms of specific prices, the average price of 25 major cities nationwide was 4,141 yuan/ton, up by 29 yuan/ton from the previous trading day, with prices in East China and Central China rebounding sharply; South China and North China, followed by Northwest, Southwest and Northeast China. Steady and strong. Specifically, the night snail trend is still acceptable, coupled with the increase in billet prices, the spot market is actively trading, the volume of transactions, the local merchants have raised the offer, but the market has significantly increased yesterday, the overall overall small contraction today, the afternoon market performance is not warm Not fire. Tomorrow's leading steel mills in East China will introduce mid-term guidance prices, and it is expected that the flat-panel replenishment will be the mainstay. It is expected that short-term domestic construction steel may be in a trend of strong consolidation.
Hot-rolled coils: Today's hot rolling prices in 24 major cities nationwide rose slightly. The average price of 3.0 hot-rolled coils was 4,300 yuan/ton, up 15 yuan/ton from the previous trading day, and the national average price of 4.75 hot-rolled coils was 4240. Yuan/ton, up 15 yuan/ton from the previous trading day. Today's futures market rose slightly, the market mentality was more optimistic, and merchants' prices gradually rose. The rumors of environmental protection and limited production of steel mills in Tangshan area boosted the confidence of the market. Due to the impact of futures, the spot market price also increased, and the overall market turnover improved. At present, the market inventory resources are relatively small, and the steel mills have higher ordering costs, which has certain support for the price, but considering the low season of demand, the release of the transaction may be difficult to sustain. In addition, today's billet market price rose by 50 yuan / ton, the current price of carbon billet is 3680 yuan / ton. On the whole, the price of the hot-rolled market is expected to fluctuate strongly tomorrow.
Medium and heavy plate: Today, the domestic plate market price is adjusted in a narrow range. The average price of 20mm medium and heavy plate in 23 major cities nationwide is 4,345 yuan/ton, up 2 yuan/ton from the previous trading day. Yesterday's night trading and today's morning trading market maintained a strong trend, the spot market mentality was boosted, and today's billet prices continue to rise, so the spot market prices in some regions have rebounded. However, demand in some areas of South China is still weak, so business operations are still biased towards fast shipments. It is expected that the price of the domestic plate market may be tightly consolidating tomorrow.
Cold-rolled coils: Today's national cold-rolled prices are consolidating. Price: 1.0 national cold rolling average price of 4,708 yuan / ton, compared with the previous working day price increased by 8 yuan / ton. The main market price: Shanghai market 1.0mm WISCO coil plate offer 4640 yuan / ton, Guangzhou market 1.0mm Angang coil offer 4670 yuan / ton, Tianjin market 1.0mm Angang coil offer 4520 yuan / ton. Market: Although the trend of black commodity futures is generally strong today, the cold rolling spot market is relatively flat, and the market price is generally stable. At present, there is no large inventory pressure in the business, so it is expected that there will be limited room for price decline in the short term, and the price will be consolidating tomorrow.
Steel: Today, the domestic steel market price has risen slightly, and the H-beam has been relatively stable. The price of the industrial slot has risen by 10-20 yuan/ton. Specifically, Tangshan's overall steel rose 20-40 yuan / ton in early trading, the overall transaction was smooth. The disk was affected by the increase of Tangshan Pufang billet by 50 yuan/ton. Tangshan profile price increased by 10-20 yuan/ton, and angle steel chased 30 yuan/ton. The market mentality gradually became positive, and the steel mills were quite positive. The price will be strong, and the transaction will be available in the afternoon. Some steel mills will be closed. Downstream purchases are more on demand, and traders wait and see. East China's profile prices are strong, early market futures strengthen the market confidence business quotations to maintain wait and see, in the afternoon with the billet prices continue to rise, the spot price rebounded. The price of profiles in South China rose slightly. Due to the rise of Tangshan billet and period snails, the spot market price rose slightly by about 30. After the price rose, it had a certain stimulating effect on downstream demand. The transaction turned better than yesterday. It is expected that the domestic steel market price will remain strong and consolidating tomorrow.
Steel pipe: Domestic pipe prices have risen slightly today. In terms of varieties, the average price of welded pipe 4 inch 3.75mm is 4346 yuan/ton, up by 9 yuan/ton from the previous trading day; the average price of galvanized pipe 4 inch 3.75mm is 5046 yuan/ton, up from the previous trading day. 8 yuan / ton; seamless pipe 108 * 405mm national average price 5236 yuan / ton, unchanged from the previous trading day. In terms of pipe factory, Tianjin Youfa, Juncheng and Lida ex-factory prices were all raised by RMB 30/ton, and Linyi’s mainstream seamless pipe factory was offering RMB 4,750/ton. In terms of welded pipes and galvanized pipes, most manufacturers raised their prices by 30 yuan/ton, and the shipments have improved. However, in the off-season of high temperatures, most of the market players remain on the sidelines, and a few follow-ups are expected. The short-term market prices are expected to fluctuate within a narrow range. In terms of seamless tubes, today's Shandong tube billet rose by 20-30 yuan/ton, Jiangsu tube billet was stable, and the ex-factory price of the tube factory was stable. At present, the pressure on the management plant is still large, and the market is difficult to release effectively. Therefore, the seamless pipe is still weak, and the short-term seamless pipe price is expected to be weak and stable.
Futures: Today's domestic black commodity futures trend is diverging, finished products continue to remain strong, raw materials continue to decline weakly, mainly due to the Tangshan side ushered in a new round of limited production, and the resumption of production cycle continues to Tangshan exit 72 key environmental monitoring cities countdown First, the overall impact on the daily crude steel output is about 70,000 tons. This news is greatly positive for raw materials, and the profit of the disk has been further expanded. Take the thread as an example, the daily line receives the Xiaoyang line, and the gap is high. In the end, the market fell slightly. In the short-term view of steel mills, it is still bullish in the short-term. In the later period, it is expected to go up to the 3900 area. The above suggestions are recommended.
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