factors affecting steel prices
mortgage interest rates are as low as "zero points". Local real estate markets are fancy customers
html Since March, the mainstream mortgage interest rates in 82 of 103 cities have been lowered, with the average mainstream first-home mortgage interest rates of 5.34%, and the second-home mortgage interest rates are 5.60%, down 13 and 15 basis points from the previous month, respectively, setting the largest monthly decline since 2019. The mortgage interest rates are close to the level of the third quarter of 2020. Among them, the interest rates for first-home loans in many banks have dropped to 4.6%, the same as LPR.
Analysts' opinion: After the mortgage interest rate is linked to the LPR system, according to the principle of implementing policies based on the city, not all urban mortgage interest rates are lowered. It is just that cities with obvious decline in the real estate market transaction volume and expectations, or cities with obvious increase in interest rates in the early stage, need to lower the level of LPR plus points. Since real estate inventory in third- and fourth-tier cities is still high, and since 2020, there have been many cities that have raised mortgage interest rates, it is expected that most cities will lower interest rates in the future this year, accelerating the release of demand in the real estate market.
Under the epidemic prevention and control, transportation in Tangshan and Shanghai are still not smooth
As of 3 March 29, according to the information collected by the market, the resource circulation of Shanghai plate spot market is not smooth, and currently many warehouses are under epidemic prevention control. The epidemic control in Tangshan is still strict, the number of passes for the same enterprise is limited, and the degree of relief to the material transportation pressure on steel mills is limited. Logistics and transportation enterprises in Liaoning Province have suspended operations, and copper pipe enterprises have a great impact on purchasing raw materials.
analyst's view: Although the overall production of Tangshan Changhui Steel Plant is currently normal, due to the temporary control of traffic throughout the region, relying on the transportation of raw materials to enter the factory and the exit of finished materials is seriously hindered. Some steel plants have already experienced blast furnace shutdown due to shortage of raw materials, and iron ore is particularly obvious. The raw materials for production cannot keep up with the progress, and the steel mill furnaces are still continuing, which will have a direct impact on the supply of steel in the medium and short term, which will be beneficial to the medium and short term steel prices.
Central and local governments successively issued documents to relieve enterprises, Yangtze River Delta multiple measures to help small and medium-sized micro-sized enterprises save costs
htmlOn March 28, at the central level, the State-owned Assets Supervision and Administration Commission issued a document to focus on rent reduction and exemption for individual industrial and commercial households in the service industry. At the local level, , Shanghai Municipal Human Resources and Social Security Bureau, , issued a document to clarify that the entrepreneurship guarantee loans issued for entrepreneurial organizations or individuals have been temporarily difficult due to the epidemic, they can apply for an extension repayment from the bank for handling. In principle, the extension period shall not exceed 1 year, and they can continue to enjoy interest subsidy support.
analyst's view: Although it faces certain prevention and control pressure, from the central government to local governments have promptly introduced a new round of policies to assist enterprises, covering many aspects such as finance and taxation, finance, key industries and foreign trade, alleviating certain pressure for small and medium-sized enterprises and individual industrial and commercial households. The stable development of enterprises will help the steady release of demand for raw materials procurement and drive the rise in steel prices.
Market price
Steel prices rose most today, and some of them fell
China Steel Network APP Data shows:
Rebar 24 markets, 19 The average price of 20mm HRB400E was 5025 yuan/ton, up 28 yuan/ton from the previous trading day;
hot coil 24 markets, 6 rose 20-50, 7 cities fell, 4.75 hot rolled coil average price of 5278 yuan/ton, up 5 yuan/ton from the previous trading day;
medium and thick plate 23 markets, 10 rose 20-60, 14-20mm ordinary medium plate average price of 5286 yuan/ton, up 10 yuan/ton from the previous trading day.
According to data from China Steel Network (WeChat official account: China Steel Network), a total of 26 steel mills adjusted their prices today, of which: 19 companies raised
, accounting for 73%, with a price adjustment of 10-70 yuan/ton, and the highest increase of was Laigang Yongfeng Pansnail;
was down no; 7 companies stood flat, accounting for 27%.
According to Zhonggang.com APP data,
Zhonggang.com APP's price trend chart is as follows:
steel rose overall today
steel fluctuated, hot coil was weak, the main thread closed 5012 up 13 up 0.26% (05 contract 5045 up 14 up 0.28%), iron ore 867.5 rose 4.5, coke 3844 up 128.5, hot coil 5255 down 38, and Shanghai Composite Index 3203.94 down 0.33%.
1 Scrap steel price update
Price adjustment: Sichuan Province Mianzhu Jinquan Steel Scrap steel purchase price uniformly increased by 30 yuan/ton: pig iron 3300 yuan, pure steel head more than 12mm, high-heavy waste more than 10mm, 3400-3450 yuan, and heavy waste more than 6-8mm 3370-3420 yuan. Medium waste is 4-6mm3250-3350 yuan, light waste is 2-4mm3180-3300 yuan, 1-2mm is stopped for collection. The processing length above is less than 50 cm. It is strictly forbidden to mix raw and cooked iron . It is strictly forbidden to have seals or flammable and explosive items , otherwise it will be severely punished and wire ropes will be snapped to slag.
price adjustment: Yonggang notice: The store scrap steel price is raised by 50 yuan/ton, the specific price list shall prevail!
price adjustment: Rongxing special steel scrap steel is raised by 10-50: heavy scrap 3340, medium scrap 3310, shear-3260, shear-23210, light and thin material 2930, shear-3040, crush-3200, crush-23150, CNC pin 3310, steel pin 3270, shaving 3240, Crushed pin 3170, excluding tax, the specific price list is
price adjustment: Shandong Minyuan latest 3% tax-inclusive price increase 30: steel bar cutter head 3920, 6 or more punch 3920, mold steel 3920, blank head 3920, round steel head 3920, steel sheet material 6 or more, 4 or more burrs 3770, excellent weight 10 or more 3780, first-grade material 8 or more, heavy waste 6 or more 3680, crushed shear material 3390.
Tomorrow steel price forecast:
The attention of multiple departments has brought about the continued loosening of the property market. And as residents' mortgage loans continue to be loosened, in April, some cities may usher in some release of some demand. In addition, the introduction of subsidy policies such as tax and fee reductions helped enterprises overcome financial difficulties and ensured the steady release of demand in the manufacturing industry in the long run. The current market is full of wait-and-see sentiment, mainly due to the unstable negotiation situation in Russia and Ukraine, and related to multiple unstable factors such as the adjustment period of futures adjustment period and changes in the situation in Tangshan. is expected to rise steadily tomorrow, with some falling.
