company news about December 24th Steel Market Morning News

[Construction Steel] The building materials market stopped falling and stabilized on the 23rd. The average price of rebar in major cities was RMB 4,875/ton, down RMB 13/ton from the previous trading day. The snails fluctuated and rose. The closing price of the main contract was RMB 4,479/ton, which was RMB 25/ton higher than the settlement price of the previous working day, and a discount of RMB 371/ton from the market price of Hangzhou Zhongtian Thread at RMB 4,850/ton. The night market fluctuated at a low level, the mainstream resources of the building materials market in the morning were weak and stable, and some resources were still loose at 10 yuan/ton. After the market opened, the snail volatility pushed up, driving market sentiment to recover, downstream purchasing willingness resumed, intermediaries' enthusiasm for entering the market increased significantly, and overall transaction performance was eye-catching. Some low-level resources rose slightly by 10-20 yuan/ton. Taking into account the recent increase in the arrival of resources, the situation of strong prices caused by the shortage of specifications in the early stage has been eased. At the end of the year, the market capital pressure is too heavy. It is expected that tomorrow's building materials market price will be mainly in a narrow range and weakly adjusted. 

[Hot Rolled Coil] The spot price of hot rolled coil continued to drop slightly on the 23rd. The average price in major cities across the country was 4,821 yuan/ton, down 11 weeks from the 22nd, down 2 month-on-month. Shanghai 4920-4940 yuan/ton was stable compared to the 22nd and last week, Lecong 4810-4830 yuan/ton was up 10 compared to the 22nd and fell 30 last week. Tianjin 4800-4820 fell 10 from the 22nd and rose 20 from last week. The hot-rolled futures on the 23rd oscillated and rose. It closed at 4584, up 26, or 0.57%. Yanshan Iron and Steel's bidding price increased by 20. The spot price of Rizhao Steel fell by 50%. The weekly data released today was bullish for prices. Futures drove a slight rebound in the spot market in the afternoon, but the whole day still saw a slight decline from the previous month. The transaction was poor throughout the day, and it will continue to fluctuate in the short term.

[Cold-rolled coils] The average price of cold-rolled sheets in major cities across the country on the 23rd was 5677 yuan/ton, down 3 yuan/ton from yesterday, and up 11 yuan/ton from the same period last week. The cold rolled market price is weak and stable. The market price of Anshan Iron and Steel 1.0 cold coil is 5480 yuan/ton, down 20 yuan/ton; Tianjin Tiantie’s 1.0 cold coil is 5370 yuan/ton, down 30 yuan/ton; Lecong Liugang 1.0 Cold rolls were 5360 yuan/ton, down 20 yuan/ton. The mainstream price of cold-rolled rolled products has maintained stability. Now the resources of steel mills have arrived normally. In order to relieve inventory pressure and considering capital turnover, merchants have slightly lowered prices and intend to ship goods. Market transactions have slightly improved compared with the previous day. Given the weak transactions in the past two days, the phased release of demand, and the high costs of merchants, the room for price drops is relatively limited. It is expected that the short-term market price will adjust the market within a narrow range.

[Coating] On the 23rd, the national coated sheet market was weak. The average price of 1.0mm galvanized sheet in major cities was 5,887 yuan (ton price, the same below), down 14 yuan compared with the previous day; 0.3mm plating in major cities The average price of zinc sheets was 5768 yuan, down 5 yuan compared with the previous day; the average price of 0.47mm color-coated sheets in major cities was 6,925 yuan/ton, down 8 yuan compared with the previous day. Today's black series futures have weak disk volatility, the overall trend of the coated sheet market is weak, the market confidence is insufficient, the overall performance of downstream demand is weak, and the demand for purchase is the main focus, and the willingness to stock up is insufficient. Due to the impact of environmental protection in Tangshan area, warehouses in Tianjin and Hebei still have certain difficulties in loading vehicles. Demand for free flowers in South China has fallen sharply, and the price center has fallen slightly. The market price of coated sheet material is expected to consolidate weakly tomorrow. In terms of steel mills, the ex-factory price of galvanizing in private steel mills dropped by RMB 20-50, and the ex-factory price of Hebei Cold Rolling Base Material Plant dropped by RMB 50 individually. Today's price is 4850-4870 yuan.

[Seamless pipe] On the 23rd, the mainstream price of seamless pipe was stable and the transaction was average. The market price of 108*4.5 seamless pipes in 33 cities is now 5978 yuan/ton. The ex-factory price of Shandong tube factory is temporarily stable. The ex-factory price of cold-drawn tube is 5900 yuan/ton, and the ex-factory price of hot-rolled tube is 5570-5600 yuan/ton. Now the ex-factory price of 219*10 seamless tube is 5520 yuan in Liaocheng, Shandong. /Ton. The operating rate of local tube plants is still low, inventory remains low, tube plants have poor shipments, and most steel mills have firmed their quotations. The current price difference between billet and steel pipe is 700 yuan/ton, and profits have improved. It is expected that the market price of seamless pipes may rise steadily tomorrow.

[Stainless steel] The spot price of stainless steel rose within a narrow range on the 23rd. In the Wuxi market: 304 cold-rolled TISCO was quoted at 17,700 yuan/ton, which was stable compared to the previous trading day; Hongwang Resources was quoted at 16,850 yuan/ton, up 100 yuan/ton from the previous trading day; 304 hot rolled was quoted at 16,750 yuan/ton, an increase of 100 yuan/ton from the previous trading day. 200 series: Qingshan's January-February cold-rolled futures continue to be updated flatly, and the spot end is still flexible under high prices. At present, the J1 four-foot cold-rolled resource Xifo mainstream reported to the rough edge 9800-10400 range, and the J2J5 resource went near the rough edge 9600-9800. On the whole, the current market spot circulation resources are relatively small, which provides certain support to the market. And before the end of the month, private steel mills like Qingshan and Chengde did not have a lot of news about the arrival of goods. Arrivals at Delong Steel Plant are normal. Market businesses have a good deal today, and most of the resources are adjusted flexibly.