Tianjin building materials market prices rose significantly this week. Affected by the continuous rise in billets last weekend and the positive atmosphere, the market opened at the beginning of the week, and the black opened higher and strengthened, the futures snail hit the 3900 mark, the market transactions rebounded, the rebound sentiment warmed up, and the price of Tianjin building materials market rose. In the middle of the week, the futures spirals fluctuated repeatedly between 3800 and 3900, and the market transactions were poor, but the market expectations were still good. Most merchants maintained stability and wait and see, and the Tianjin building materials market was basically stable. In the late period of the week, the futures spirals rose sharply, market transactions improved, merchants followed up again, and the prices of Tianjin building materials market rose.
macro positive continues to ferment, and expectations are still relatively strong. First of all, the bottom-up optimization of economic policies. After the financial department has released the "three arrows" in a row to speed up support for real estate, the Politburo meeting recently set the tone for next year's economic work, pointing out that next year, we must adhere to the principle of stability and seek progress while maintaining stability, continue to implement the active fiscal policy and prudent monetary policy , better coordinate epidemic prevention and control and economic and social development, strengthen coordination and cooperation of various policies, optimize epidemic prevention and control measures, and form a joint force to promote the high-quality development of . Judging from the content of the meeting, it is also worth looking forward to the market to form the optimal combination, the greatest synergy, and do our best to reduce the economic disturbances of the epidemic. On the other hand, recently, the National Health Commission has repeatedly stated that it has optimized and implemented the prevention and control measures for the new crown pneumonia epidemic, and localities have successively lifted the control of epidemic prevention measures such as nucleic acid testing. After the increasingly clear policy of resolving the epidemic prevention, the positive effects of macro-policy have been significantly amplified.
weak reality is still dragging down steel prices to continue to strengthen. With the arrival of the winter heating season, the number of heavy pollution weather nationwide has increased. In order to cope with the adverse effects of heavy pollution weather, many provinces and cities have launched heavy pollution weather warnings, and the project construction progress has also been affected. Recently, the transactions in Tianjin's building materials market have continued to be sluggish, with less construction site procurement, and the willingness to receive goods for winter storage has not changed significantly. Speculation concerns about demand are still there, and most people choose to wait and see.
Overall, this week, the Tianjin building materials market continued to fluctuate upward against the backdrop of strong macro expectations and the "relaxation" of the epidemic. In the short term, macro expectations have not played a full role. In the middle of the month, there are still , Fed interest rate cuts and November economic data are released. The implementation and impact of the epidemic adjustment policy still takes time to observe. But overall, expectations are transformed in a positive direction, and there is still room for further market growth. Therefore, it is expected that the Tianjin building materials market will continue to fluctuate upward next week.
According to monitoring data of Lange Steel Cloud Business Platform, as of midday December 9, the price of HPB300Φ6-10mm high-line in Tianjin market was 4550-4850 yuan/ton, up 100 yuan from last week; the price of Φ20-25mm three-stage earthquake-resistant rebar produced by Hebei Steel Group was 3790-3820 yuan/ton, up 80-100 yuan from last week; the price of Φ8-10 three-stage earthquake-resistant disc snail was 4100-4120 yuan, up 40-60 yuan from last week. (Langge Steel Maxing)
