Market trend on November 19, 2019: Overall rise, the rise will be maintained tomorrow. Futures rose sharply again today. Snail futures rose 82% to close at 3635, hot coil rose 32% to close at 3501, iron ore rose slightly by 4% to close at 636.5, and coke rose 44% to close at 1813

2024/05/2411:45:33 hotcomm 1938

Market trend on November 19, 2019: Overall rise, the rise will be maintained tomorrow. Futures rose sharply again today. Snail futures rose 82% to close at 3635, hot coil rose 32% to close at 3501, iron ore rose slightly by 4% to close at 636.5, and coke rose 44% to close at 1813 - DayDayNews

Market trend on November 19, 2019: Overall rise, keep rising tomorrow

Futures rose sharply again today, snail futures rose 82 points to close at 3635, hot roll rose 32 points to close at 3501, iron ore rose slightly by 4 points to close at 636.5, coke rose 44 to close at 1813, and coking coal rose 32.5 to close at 1258.5. On the spot side, the upward trend continues today. The main markets of rebar nationwide increased by 10-70%, and the average price increased by 25%; the hot coil part was mainly stable, rising by 10-30%; the medium plate was mainly stable, with individual prices rising by 10-20%.

News factors: Today, the central bank once again launched a 120 billion yuan reverse repurchase operation, and at the same time launched a treasury fixed deposit of 50 billion yuan, with a net investment of 170 billion yuan, which helped to alleviate financial pressure. In addition, the National Development and Reform Commission, the Ministry of Industry and Information Technology, and the National Bureau of Statistics jointly conducted an investigation and verification of the equipment production capacity and changes of steel companies in the past three years. With the continued advancement of overcapacity reduction and the efforts to reduce environmental protection production during the heating season, output is expected to continue to fall. It is expected that tomorrow Steel prices maintain an upward trend.

Please see the following steel price rise and fall data

1

Building materials: an increase of 10-70 yuan/ton ; from October 21 to November 15, the price of large threads in the Shanghai market increased from 3,660 yuan to 3,990 yuan, an increase of 9.02 %; this period, the snail market fluctuated and strengthened, and the market mentality was favorable in the short term. The spot price remained high and it was difficult to sell, and merchants mainly shipped goods on high rallies. The market outlook is expected to be strong.

Market trend on November 19, 2019: Overall rise, the rise will be maintained tomorrow. Futures rose sharply again today. Snail futures rose 82% to close at 3635, hot coil rose 32% to close at 3501, iron ore rose slightly by 4% to close at 636.5, and coke rose 44% to close at 1813 - DayDayNews

2

hot-rolled coils: rose slightly by 10 yuan . In terms of market, the spot market quotations were slightly different, the market shipments were acceptable, and some scarce specifications were traded at high prices. In terms of steel mills, the hot rolling production line of Chenggang Steel is still under maintenance and is expected to resume production next week. The low inventory status is difficult to change in the short term. It is expected that the volume price may be adjusted at a high level in the future.

Market trend on November 19, 2019: Overall rise, the rise will be maintained tomorrow. Futures rose sharply again today. Snail futures rose 82% to close at 3635, hot coil rose 32% to close at 3501, iron ore rose slightly by 4% to close at 636.5, and coke rose 44% to close at 1813 - DayDayNews

3

cold-rolled coils: an increase of 10-40 yuan/ton; in the market, the market went up again today. The current downstream demand has not increased significantly and remains stable. However, the price increase has stimulated intermediate demand. Among traders, The demand for string goods and has improved. Taking all factors into consideration, short-term cold-rolled coil prices are expected to stabilize and consolidate.

Market trend on November 19, 2019: Overall rise, the rise will be maintained tomorrow. Futures rose sharply again today. Snail futures rose 82% to close at 3635, hot coil rose 32% to close at 3501, iron ore rose slightly by 4% to close at 636.5, and coke rose 44% to close at 1813 - DayDayNews

4

medium plate: increase of 10-20 yuan/ton; steel fluctuated higher and steel billet continued to rise by 10 yuan. Boosted by this, low market inquiries improved. It is the off-season, terminal demand is difficult to increase, and high resource trading Still cautious, in terms of inventory, steel mills arrived in small quantities this week. The stock of medium plates in Wu'an market is about 165,000, an increase of about 10,000 tons from last week. The overall inventory pressure is not large for the time being. In summary, the medium and heavy plate market is expected to be strong in the short term. Price or wait and see finishing.

Market trend on November 19, 2019: Overall rise, the rise will be maintained tomorrow. Futures rose sharply again today. Snail futures rose 82% to close at 3635, hot coil rose 32% to close at 3501, iron ore rose slightly by 4% to close at 636.5, and coke rose 44% to close at 1813 - DayDayNews

5

hot-rolled strip steel : an increase of 10-20 yuan/ton; snails fluctuated and strengthened. In the short term, the market mentality is biased. The spot price is high and difficult to sell, and merchants mainly ship on high prices. At present, terminal orders are mediocre, and demand support is limited. However, Spiral has performed strongly recently and inventories are still trending downward, so the market still has room to continue rising. Considering that steel billet prices have risen by 10% today, it is expected that they may consolidate strongly tomorrow.

Market trend on November 19, 2019: Overall rise, the rise will be maintained tomorrow. Futures rose sharply again today. Snail futures rose 82% to close at 3635, hot coil rose 32% to close at 3501, iron ore rose slightly by 4% to close at 636.5, and coke rose 44% to close at 1813 - DayDayNews

6

profile: up slightly by 20 yuan; due to the continuous upward movement of steel billet support, futures are running at high levels, and the steel rolling mills are gradually shutting down, market inventory continues to decline, and the shortage of resource specifications will become more and more obvious. It is expected that profile prices will firm up in the short term.

Market trend on November 19, 2019: Overall rise, the rise will be maintained tomorrow. Futures rose sharply again today. Snail futures rose 82% to close at 3635, hot coil rose 32% to close at 3501, iron ore rose slightly by 4% to close at 636.5, and coke rose 44% to close at 1813 - DayDayNews

Market trend on November 19, 2019: Overall rise, the rise will be maintained tomorrow. Futures rose sharply again today. Snail futures rose 82% to close at 3635, hot coil rose 32% to close at 3501, iron ore rose slightly by 4% to close at 636.5, and coke rose 44% to close at 1813 - DayDayNews

7

pipes: up 20-50 yuan/ton; At present, the environmental protection policy in the north continues to be strengthened, Tangshan has launched a level II emergency response, coupled with the red shock in the period, boosted the current market, and merchants' operability is slightly positive, but Considering that the inventories of major manufacturers are still quite high, the contradiction between supply and demand does not seem to have eased. However, based on the strength of raw materials, it is expected that pipe prices may run smoothly in the future.

Market trend on November 19, 2019: Overall rise, the rise will be maintained tomorrow. Futures rose sharply again today. Snail futures rose 82% to close at 3635, hot coil rose 32% to close at 3501, iron ore rose slightly by 4% to close at 636.5, and coke rose 44% to close at 1813 - DayDayNews

Market trend on November 19, 2019: Overall rise, the rise will be maintained tomorrow. Futures rose sharply again today. Snail futures rose 82% to close at 3635, hot coil rose 32% to close at 3501, iron ore rose slightly by 4% to close at 636.5, and coke rose 44% to close at 1813 - DayDayNews

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