On June 30, the spot prices of rebar in various regions across the country are as follows (unit: yuan/ton; latest update time: 06-30 17:05):
product name and specifications | region | market Price | up or down |
HRB400:20MM 0 | Shanghai |
| |
HRB400 : 20MM | 北京 |
| |
HRB400:20MM | 广州 |
| |
HRB400:20MM | 杭州 |
| |
HRB400:20MM | 南京 |
| |
HRB400:20MM | 天津 |
| |
HRB400:20MM | 石家庄 |
|
HRB400:20MM
济南
380
0
HRB400:20MM
合肥
550
HRB400:20MM
郑州
390
HRB400:20MM
太原
450
0
HRB400:20MM
南昌
250
HRB400:20MM
武汉
270
0
HRB400:20MM
长沙
440
HRB400:20MM
Chengdu
290
0
HRB400:20MM
Chongqing
330
0
HRB400:20MM
Kunming
400
HRB400:20MM
xi'an
330
0
The main contract of rebar futures rose 1.5% during the day. The opening price in Beijing increased by 30, with and Hegang Jingye reporting around 4210. The intraday transaction was good and continued to rise by 10-20. The current mainstream quotation is 4220-4230, and the transaction was good throughout the day. The opening price in Shanghai remained stable, with an intraday increase of 10-30, ranging from Yonggang 4340-4350, Zhongtian 4280-4300, and third-line 4210-4270. The overall transaction was just in demand, which was worse than yesterday. The daily turnover of building materials nationwide is 190,000 tons.
Epidemic prevention policies were further relaxed. The Ministry of Industry and Information Technology announced the cancellation of communication itinerary card stars. At the same time, the National Development and Reform Commission is still confident in achieving the economic development goals for the year. Market expectations have further improved, short-term sentiment has recovered, and spot transactions have rebounded, driven by low prices and improved expectations. , but the real demand has not yet been verified.
Market-based production cuts have already appeared. As of the 27th, Mysteel calculated that the daily production of molten iron was about 70,000 tons lower than the previous high. However, the policy targets and measures to reduce production have not yet been announced. After the spot price rebounded, the lack of administrative production cuts may cause The decline in output has slowed down or even increased. The bottom of rigid spot demand has been basically verified during the sharp decline. Demand is still suppressed in the off-season, and actual demand may improve after August. Judging from the changes in the downstream industry, housing sales have rebounded significantly in the past two weeks, but the data in some cities deviated significantly from the first half of the year. Overall, the recovery in housing prices and sales in first-tier cities has been more obvious. In the fourth quarter, real estate is expected to gradually stabilize. In June The issuance of special bonds has reached RMB 1.9 trillion, and infrastructure construction may gradually boost demand for threads in the third quarter.
In the medium term, the market is expected to gradually improve. However, the short-term low rebound is mainly based on lower prices and the weakening of overseas negative effects. After the rebound, the market returns to premium and is close to the current electric furnace cost. At the same time, the fundamentals are still in a weak improvement stage. Therefore, after a short-term sharp rebound, cautiously chase higher around 4500. If the market falls, you can rebound again with light position trading; in terms of arbitrage, in the medium term, it is still recommended to buy more 01 contract market profits on dips.
The handling fee for one hand rebar is 4.3 yuan, which feels pretty good!
