Hot-rolled prices poor vulnerable consolidation deals
According to my net monitor, December 28 heat volume 70.2 points, up 0.31% compared with the previous trading day. 1605 28th hot roll futures contracts run shocks, a 1868 0.11%. 28th run hot-rolled market consolidation, Nanjing, Nanchang, Changsha, Zhengzhou, Chongqing and Chengdu rose 10-50 Yuan/ton, the Beijing market prices down 10 Yuan/ton. Shanghai market price stability, market turnover decline, supportive specifications shortages on price, tomorrow, the market price is expected to be running strong. Chongqing prices catch up, market turnover, combined with part of the specification is out of stock, today market is expected to consolidate on the strong run. 28th national 24 market 4.75mm for hot-rolled coil price 1967 Yuan/ton, up 6 Yuan/ton compared with the previous trading day. Feedback from the market point of view, Shanghai hot: 28th in Shanghai running hot-rolled coil prices weak stability. As of press time, 1500mm carbon steel coil key price 2000-2010 Yuan/ton, 1800mm offers the wide volume of 2010-2020 Yuan/ton. Low-alloy 1500 price 1990-2000 Yuan/ton, 1800mm low price 2000-2010 Yuan/ton. 28th, coil shocks 1605 contracts higher, 1868 points, slight exploration of 0.11%. Sustained exploration of the rising in the market, purchasing enthusiasm of the market has declined in recent days, although there is no adjustment, but some dark drop phenomenon. Future, specifications in short supply situation will continue, supporting overall price, another future shock upward, giving the market some confidence, so I think that hot-rolled coil prices this week, the Shanghai market dominated by horizontal consolidation.
Tianjin hot: 28th hot coil prices are part of the strong trend of 10-20 Yuan/ton. As of press time, manufacturers specifications 1860-1880 Yuan/ton, iron 1860 in Cangzhou Yuan/ton. Spot heat continue to pull up the volume, sentiment and confidence must be repaired, combined with stock market using thick volume, most businesses interested in slowing ship rhythm, from the perspective of today's market circumstances, inquiry phone line, large volume 500-800 tons, multiple select library in the afternoon, and raw materials purchasing willingness to follow up on the strong side. Futures, the 28th coil 1605 main contract closed closed 1860 Yuan/ton, up 2 Yuan/ton compared with the previous trading day. For now, the hot spot in a bull market, and the limited volume, maintain a tight balance of supply and demand in the market, in the short term without significant write-downs appear, strong trend in markets or stability operations. Le from hot: 28th Le from hot volume price narrow consolidation, as closed, 4.75*1500*C above thick volume price in 2020-2120 Yuan/tons Zhijian, level bit price poor disparity, which 9.75mm volume goods less price high, 5.5mm volume resources sufficient price partial low; 2.75*1250*C volume price in 2100 Yuan/tons around, and thick volume almost no price poor, even so, thin volume sales also not optimistic. Steel plant, liuzhou steel hot rolling mill is still in the production stage, Liu steel hot coil stock in the market is running out of individual stock agent quotations are somewhat higher. Sha, Anshan iron and steel shortage, thick volumes of lianyuan iron and steel basic goods, Shougang part carbon resource on the market, offers slightly higher. In General, the current market yan steel, sunshine, iron and other resource specifications are complete. Ahead of the market, thick hot-rolled coil there is no pressure on the stock price transition or consolidation. News, the Central Bank: optimizing financial structure and credit structure, reduce financing costs; the national financial work Conference: full swing camp to increase deficits or up to 12 3%;P2P supervision red line; charging new standard implemented on January 1. Source:http://www.jnsteelpipe.com/
