1. Summary of steel spot and futures prices
On April 16, the domestic steel market price continued to rise, and the ex-factory tax-included price of Tangshan billet resources rose 10 to 3420 yuan/ton. Black futures fluctuated, and spot transactions fell, but the mentality of merchants was acceptable.
On April 16, black futures were mixed. The main contract of the snail closed at 3608, down 0.08% from the previous trading day, DIF and DEA continued to rise, the RSI three-line indicator was located at 50-58, and the middle track of the Yanbollinger band was running.
On April 16, 6 steel mills raised the ex-factory price of construction steel by 20-30 yuan/ton.
Second, the daily price of steel products
Rebar: On April 16, domestic construction steel prices continued to rise. The average price of rebar in major cities across the country was 3,725 yuan/ton, up 10 yuan/ton from the previous trading day. Specifically, the snail was strong in the morning, and the spot prices in mainstream cities across the country continued to rise in the morning. In terms of transactions, the performance of the market in the morning was average, the snail fell in a narrow range in the late afternoon, the downstream procurement wait-and-see increased, the actual transaction price fell darkly, and the transaction volume shrank slightly throughout the day. In the short term, the current market mentality is acceptable, the market inventory continues to decline, and the downstream purchases are on demand. It is expected that domestic construction steel prices will continue to rise steadily on the 17th.
Hot-rolled coil: On April 16, the average price of 4.75mm hot-rolled coil in 24 major cities across the country was 3,797 yuan/ton, up 6 yuan/ton from the previous trading day. Black commodity futures fluctuated, raw materials had a slight decline, finished materials were weak and volatile, and the spot market price fell less than raw materials. The early quotations in the spot market were basically stable, and the market transaction was weak. In the afternoon, the market continued to fluctuate, with a slight rise in some areas, and the trading was relatively deserted throughout the day. At present, the market is still in the stage of grinding the bottom, but the sentiment has eased and the transaction has warmed. The market has been strong recently, and the terminal demand may be released to a certain extent. On the whole, the price of hot-rolled coil may continue to fluctuate in the near future.
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Cold-rolled coil: On April 16, the national spot price of cold-rolled coil fluctuated strongly, with a national average price of 4,386 yuan/ton, up 2 yuan/ton from the previous trading day. The market trading atmosphere has not improved significantly compared with the previous trading day, the overall transaction is average, and the price is mostly stable. On the supply side, the current private production enterprises have improved in receiving orders, while state-owned steel mills continue to maintain normal production, the capacity utilization rate continues to run at a high level, and the market resources are abundant. On the demand side, home appliance companies have begun to prepare for the upcoming procurement festival, with high enthusiasm for procurement, and market demand has improved. On the whole, it is expected that the national cold-rolled coil price may continue to fluctuate on the 17th.
Medium and heavy plate: On April 16, the average price of 20mm plain plate in 24 major cities across the country was 3,880 yuan/ton, up 2 yuan/ton from the previous trading day. The futures market fluctuated widely, the market trading was cautious, and the overall transaction was average. According to market feedback, the coke at the raw material end has started the first round of increases, and the steel mills are still expected to replenish the warehouse near the May Day holiday, and the cost support is strong. From the perspective of the supply side, due to the strong expectation of demand release and the fact that steel mills still have certain profit margins, steel mills are generally enthusiastic about production. From the demand side, demand remained resilient, and downstream terminals mainly purchased at low prices and on demand. It is expected that on the 17th, domestic plate prices will fluctuate and become stronger.
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Third, the raw material market dynamics
Billet: Tangshan billet was stable at 3410 yuan/ton on the 16th, and Songting billet was stable at 3430 yuan/ton. In terms of the market, the pace of downstream steel enterprises to purchase billet replenishment has slowed down, and the performance of direct delivery of billets is average. The black series of snails fell at a high level, traders were cautious, and the spot part of billet storage in the afternoon was reported at 3,510 yuan including tax, flat in the morning. At present, under the condition of increasing the cost of steel mills, billet prices still have supporting factors, so it is expected that the price of billets in Tangshan will be stable tomorrow.
On April 16, Tangshan billet inventory totaled 701,900 tons, a decrease of 8,900 tons from yesterday. Among them: the current inventory of Wushan Zhenxiang is 285,900 tons, a decrease of 9,400 tons from yesterday, the current inventory of Haiyi Hongrun is 192,700 tons, a decrease of 00,100 tons from yesterday, the current inventory of Qiming Yuntong is 48,600 tons, an increase of 6,200 tons from yesterday, the current inventory of Xiangyu Zhengfeng is 123,300 tons, a decrease of 3,600 tons from yesterday, and the current inventory of Zhongtuo Logistics is 51,400 tons, a decrease of 2,000 tons from yesterday.
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Iron ore: Today's market price refers to 66 resources Zunhua 850 Qian'an 845 Qianxi 820, 69 resources 895-925 yuan, 60 resources reference 710 yuan or so, the quotation is less. Lian Tie futures adjusted at a high level. The mentality of mining enterprises is still there, but the transaction at high prices is not good, the overall supply of resources is still tight, and some mines are not available at low prices. The amount of iron powder used in steel mills increased slightly, but the inquiry was still cautious. The overall transaction is average.
On April 16, the prices of mainstream iron ore varieties imported from Shandong port were weaker than those of the previous working day, with a cumulative decline of 10-15. In terms of selling, traders are enthusiastic about quotations, and there are fewer transactions in the spot market so far; the market inquiry sentiment in the far month is acceptable, and PB powder is more active at the end of April and August; in terms of buying, steel mills in the region maintain low inventory operation and have fewer inquiries. At present, the mainstream of PB powder is 843-847, the mainstream of card powder is 950-955, and the mainstream of PB block is 980-985.
Scrap: Hebei scrap fell in a narrow range, and mainstream steel mills fell by about 10-20 yuan. At present, 121,800 tons of scrap steel have arrived in 48 sample steel mills in Hebei Province, an increase of about 2,400 tons from the previous period. Yesterday, most of the steel mills in the province arrived at a high level, the overall situation of oversupply, so individual arrivals of high steel mills to take advantage of the situation to reduce the price of scrap steel to reduce costs, the current spot as a whole to stop rising and falling, the market mentality is unstable, still shipping-based, steel mills also have a price reduction mentality, is expected to short-term scrap steel according to the trend of narrow range adjustment.
On April 16, the average price of scrap steel in 45 major markets across the country was 2,429 yuan/ton, an increase of 4 yuan/ton from yesterday's price. Recently, the arrival of scrap steel in steel mills is slightly lower than the daily consumption, and the daily turnover of superimposed building materials tends to be stable, but considering that the demand for finished steel has not improved significantly, and scrap steel is still cost-effective compared with molten iron, so the enthusiasm of steel mills to mine scrap is acceptable, and some steel mills may have a small increase in inventory and replenishment. In the market, the orders of waste production enterprises have decreased in recent days compared with previous years, and some businesses still have a bullish mentality, so the arrival of wool in the yard is low, and most traders tend to cooperate to complete the contract. It is expected that the national scrap steel market may maintain stable operation on the 17th.
Pig iron: The mainstream of the pig iron market is stable. Supply and demand: With the rise in pig iron quotations, the market transaction has slowed down, and manufacturers still maintain production according to orders. The downstream demand side has limited acceptance of high-priced goods, and most of them maintain the operation of replenishing the warehouse on dips, and the market trading is general, mainly wait-and-see, and short-term pig iron prices still have room to rise.
Coke: Tangshan quasi-first-class wet quenching coke is now remitted to the plant at 1630-1660 yuan/ton, and quasi-first-class CDQ coke is remitted to the plant at 1920 yuan/ton. Affected by the loss of coke enterprises still maintain low-load production, affected by the strength of steel prices, part of the speculative demand into the market procurement, coke enterprises shipment situation has improved significantly, and some steel mills are expected to resume production, the rigid demand for coke has gradually recovered, the willingness to replenish the warehouse has been significantly enhanced, the short-term bifocal fundamentals have improved significantly, and the market is bullish.
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On April 16, the market price was stable and strong. Yesterday, some coke companies have sent letters to raise the first round of coke, an increase of 100-110 yuan/ton, and the downstream steel mills have not responded yet, but the futures market has risen sharply recently, and some trade links have risen to take goods. From a fundamental point of view, the start of coke enterprises on the supply side is still at a low level, some enterprises have increased production, and the shipment is relatively smooth, and the plant basically maintains zero inventory operation; the demand side of the steel mill blast furnace resumption is expected to be strong, the output of molten iron has rebounded steadily, the procurement rhythm of some steel mills has accelerated, and the coke supply and demand pattern has further improved, and the coke market is expected to run steadily and strongly in the short term.
Fourth, the finished product transaction overview
The price of wire rod in the Hebei market is mainly stable: Anfeng rose 10, Jiujiang rose 10, Jinzhou rose 20, Chunxing rose 10, Aosen rose 20, and the adjustment range was 10-20. Black futures fluctuated at a low level, and the price of the cost side rose steadily, but traders still maintained more than they entered, and the overall trading volume did not change much.
North China is strong in the tropics. This morning, the mainstream of the 145 series narrowband chased up 10 to 3670 including tax, the overall transaction is average, and some manufacturers can still clear Nissan; the bare price spot in the 355 series broadband market is 3380-3390, which is 5-10 fluctuations compared with yesterday. This period of snail wide range shock, but the market sentiment is acceptable, traders are limited in their willingness to make profits, and more strong shipments. The mainstream price of the model remained stable. In terms of steel mills, 5# angle 3650-3670, 10# groove 3660-3680, 16# worker 3690-3720.
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The macro economy is gradually picking up, the market atmosphere is expected to improve, and the overall price expectation of manufacturers is becoming stronger. However, the follow-up of terminal demand is still insufficient, and the transaction of downstream high-level resources is poor. Pipe prices rose and fell, including Tangshan up 10-20, Liaocheng up 20, Tai'an up 20, Tianjin up 20, Hangzhou down 10, Shanghai down 20, Beijing up 10. Black futures fluctuated at a low level, and the price of the cost side rose steadily, but traders still maintained more than they entered, and the overall trading volume did not change much.
Fifth, the trend analysis of the snail
Snail futures were mainly sideways, with snail futures closing at 3608 on 10, down 3, and futures 10 closing at 3777, up 2. The Shanghai Composite Index closed at 3007.06 points, down 1.65%. The Shenzhen Component Index closed at 9,155.07 points, down 2.29%. Today's snail 10 top 20 main institutions long positions increased by 7,000 hands, short positions increased by 22,000 hands, position changes are bearish, Yongan positions decreased more than short, short orders increased by 23,000 hands, Yongan in the snail 10 net short orders reached 69,000 hands.
Today, the country's finished timber is stable and finished, and the average price of each variety fluctuates within 10 yuan. The data is mixed, dragging down the volch disc surface to intensify the shock. The inventory of iron ore ports has increased, and the decline of iron ore is more significant today, and the southern region will usher in a wide range of precipitation in the near future, dragging down demand expectations. The snail futures rose weakly, vigilant downward, the snail support 3580, the pressure 3640, the roll support 3750, the pressure 3800.
Sixth, the later trend prediction
Boosted by the good news on the macro and data fronts, the three major A-share indices all rose more than 1%, and copper, aluminum, gold and coal stocks rebounded strongly, and the overall market expectations were optimistic. The raw material end of the double coke strong supplement, coke enterprises in individual areas to open the first round of coke price increases, and even market rumors plan to open the second round of increases before May Day, is expected to continue to drive up the cost of steel, steel prices as a whole are still showing a rebound trend, is expected to have a certain amount of room for growth in the short term.
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From the perspective of the industry, with the opening of the first round of coke increases, the cost side may strengthen the support for steel prices. At the same time, the supply and demand fundamentals of the steel market are still improving, but the inventory decline may slow down. The main reason is that the supply has shown a slight expansion, and because the real estate is still in the process of adjustment, the demand for steel is difficult to increase, and the market transaction performance has been average in recent days. Short-term steel prices may fluctuate strongly, and we need to be cautious in chasing up.
7. Summary of the latest steel mill price adjustment on April 16
武安金鼎上调30元/吨！！
1. Q195 material 6.5mm high line is raised by 30 yuan/ton: the ex-factory price is 3760 yuan/ton,
2. Q195-235 material 8-16mm high line is raised by 30 yuan/ton: the ex-factory price is 3700 yuan/ton,
All of the above are tax-inclusive pounds.
Shanxi Meijin raised by 30 yuan/ton!!
1. Rebar is raised by 30 yuan/ton: the execution price of Φ16-25mmHRB400E is 3740 yuan;
2. The wire rod is raised by 30 yuan/ton: the execution price of HPB300Φ8-10mm is 3820 yuan;
3. The coiled snail is raised by 30 yuan/ton: the execution price of Φ8-10mm is 3820 yuan.
Guangxi Guixin raised 30 yuan/ton!!
1. Rebar increased by 30 yuan/ton: the execution price of three-level rebar is 3710 yuan, 12mm is 60 yuan, 14mm is 60 yuan, 16mm is 40 yuan, 20mm is 50 yuan, 22mm is 60 yuan, 25mm is 80 yuan, 28mm is 170 yuan, and 32mm is 230 yuan;
2. The snail is raised by 30 yuan/ton: the execution price of the three-level snail is 3930 yuan, and the price of 6mm is increased by 260 yuan.
The above prices will be implemented from April 16, 2024.
Shougang Changzhi raised 20 yuan/ton!!
1、HRB400E螺纹钢上调20元/吨 :Φ18-22mm出厂基价3620元/吨;
2、HRB400E盘螺上调20元/吨 ：Φ8-10mm出厂基价3770元/吨；
3. HPB300 high line is raised by 20 yuan/ton: the ex-factory base price of Φ8-12mm is 3780 yuan/ton;
Remarks: Iron standard thread (HRB400E) products will be increased by 100 yuan/ton on the basis of the same brand and specification of national standard thread (HRB400E) products.
莱钢永锋上调20元/吨！！
1. Rebar increased by 20 yuan/ton: the guide price is 3540 yuan/ton, the execution price of Φ22mmHRB400 rebar is 3570 yuan/ton, and the price of 10mm is 150 yuan/ton, 12mm is increased by 150 yuan/ton, 14mm is increased by 120 yuan/ton, 16, 18, 20, 25mm is increased by 90 yuan/ton, 28-32mm is increased by 150 yuan/ton, and 36-40mm is increased by 280 yuan/ Tons, HRB400E same price for the same specification, HRB500 high strength and the same specification for the same price increase of 220 yuan/ton.
2. The coiled snail is raised by 20 yuan/ton: the execution price of Φ10mmHRB400 coiled snail is 3800 yuan/ton, the price of 6mm is increased by 350 yuan/ton, the price of 8mm is increased by 30 yuan/ton, and the price of 12mm is increased HRB400E by 200 yuan/ton;
3. The high line is raised by 20 yuan/ton: the execution price of Φ10mmHPB300 coiled snail is 3800 yuan/ton, the price of 6mm is increased by 350 yuan/ton, the price of 8mm is increased by 30 yuan/ton, and the price of 12mm is increased by 200 yuan/ton.
All prices include tax.
石横特钢上调20元/吨！！
1. Rebar increased by 20 yuan/ton: the guide price is 3540 yuan/ton, the execution price of Φ22mmHRB400 rebar is 3570 yuan/ton, and the price of 10mm is 150 yuan/ton, 12mm is increased by 150 yuan/ton, 14mm is increased by 120 yuan/ton, 16, 18, 20, 25mm is increased by 90 yuan/ton, 28-32mm is increased by 150 yuan/ton, and 36-40mm is increased by 280 yuan/ Tons, HRB400E same price for the same specification, HRB500 high strength and the same specification for the same price increase of 220 yuan/ton.
2. The coiled snail is raised by 20 yuan/ton: the execution price of Φ10mmHRB400 coiled snail is 3800 yuan/ton, the price of 6mm is increased by 350 yuan/ton, the price of 8mm is increased by 30 yuan/ton, and the price of 12mm is increased HRB400E by 200 yuan/ton;
3. The high line is raised by 20 yuan/ton: the execution price of Φ10mmHPB300 coiled snail is 3800 yuan/ton, the price of 6mm is increased by 350 yuan/ton, the price of 8mm is increased by 30 yuan/ton, and the price of 12mm is increased by 200 yuan/ton.
All prices include tax.
江苏南钢上调10元/吨！！
1. The thread is raised by 10 yuan/ton: the execution price of Φ16-20mmHRB400 rebar is 3640 yuan/ton;
Remarks: 100 yuan for 12mm screw, 60 yuan for 14mm, 30 yuan for 22mm and 25mm, 60 yuan for 28mm and 32mm, 30 yuan for seismic resistance, and 50 yuan for nuclear power thread;
The above adjustments are tax inclusive and will be implemented from April 16, 2024.
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Fujian Sanbao
1. Stable thread: the execution price of HRB400EФ16-25mm rebar is 3980 yuan
2. The high line is stable: the execution price of HPB300Ф8-10mm high line is 4310 yuan
3. The coil snail is stable: the execution price of HRB400EФ8-10mm coil snail is 4360 yuan
The above prices will be implemented from April 16, 2024.
Inner Mongolia Yaxin
1. Stable thread: the ex-factory price of HRB400EΦ18-25mm thread is 3650 yuan, 12-14mm is 140 yuan, 16mm is 30 yuan, and 28-32mm is 50 yuan;
2. The high line is stable: the ex-factory price of HPB300 wire rod Φ8-10mm high wire is 3620 yuan, 12mm is 20 yuan, and 6mm is 200 yuan;
3. The coiled snail is stable: the ex-factory price of HRB400EΦ8-10mm coiled snail is 3700 yuan, the price of 12mm is increased by 20 yuan, and the price of 6mm is increased by 180 yuan.
The above prices are tax-inclusive prices. Effective April 16, 2024.
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Shanxi Gaoyi
1. The high line is stable: the ex-factory price of the Q235 material 8-10mm high line is 3810 yuan, and the price of 6.5 is 80 yuan;
2. The snail coil is stable: the ex-factory price of Φ8-10mmHRB400E coil snail is 3910 yuan, and the price is increased by 200 yuan for 6;
The above prices will be implemented from April 16, 2024.