Factors affecting steel prices
More than one city lowered mortgage interest rates and accelerated approval speed
htmlOn March 25, state-owned banks in Jingzhou took the lead in lowering mortgage interest rates. The interest rate for the first home loan of the Industrial and Commercial Bank of China Jingzhou Branch was lowered to 5.21%, and the interest rate for the second home loan was lowered to 5.44%, which was lowered by 50 BP and 45 BP respectively compared with the previous month, with the highest reduction in recent years. On the same day, joint-stock banks such as China Merchants Bank Jingzhou Branch, Hankou Bank Jingzhou Branch, Jingzhou Rural Commercial Bank and local legal person banks also implemented the interest rate levels of first- and second-home mortgages of 5.21% and 5.44%. In addition, most banks in Hangzhou, Suzhou, Shaoxing and Harbin have followed the reduction of margin ratio.
analyst's opinion: From the perspective of home buyers, this does have a great burden reduction effect on subsequent repayments and promote the release of consumer demand. For developers, more demand will accelerate the return of real estate funds, form a new round of real estate development investment, and help the market recover. Good for medium and long-term steel prices.
National resumption rate is 95%, and nearly 60% of projects are normally constructed
As of 3 March 27, according to the data disclosed in the Evergrande report meeting, there are 771 projects planned to resume work and production nationwide, 734 have resumed work, and the resumption rate is 95%. Among them, 424 projects have returned to normal construction levels, accounting for 55%. The total number of people resuming work nationwide reached 154,000.
analyst's opinion: As the resumption rate continues to rise, in order to ensure the normal construction of the project, the procurement of engineering materials will continue to expand, and the purchase volume of steel will continue to increase, which is beneficial to the price of steel.
Iron ore futures spot price generally rose
htmlOn March 28, the main iron ore force rose significantly, with an increase of more than 5% in the morning. In terms of spot, according to the domestic spot quotation statistics of imported iron ore, the prices of iron ore in Qingdao Port and Tianjin Port generally rose. In Qingdao Port, 61% PB powder rose 15 to close at 975 yuan/ton, 58% Australian powder rose 15 to close at 875 yuan/ton, 62.5% Ba powder rose 15 to close at 1,075 yuan/ton, 65% Ba powder rose 15 to close at 1,190 yuan/ton; in Tianjin Port, 61% PB powder rose 5 to close at 1,000 yuan/ton, PB block mine rose 5 to close at 1,355 yuan/ton, 62.5% Ba powder rose 5 to close at 1,105 yuan/ton, 65% Ba powder rose 5 to close at 1,215 yuan/ton.
Analysts' views: Iron ore prices rise, and steel mill raw material costs increase, which supports steel prices.
Market price
Steel price rose across the board today
Zhonggang Network APP data shows:
rebar 24 markets, 21 rose 10-110, 20mmHRB The average price of 400E is 4997 yuan/ton, up 42 yuan/ton from the previous trading day; among the
hot coil 24 markets, 24 rose 10-100, and the average price of 4.75 hot-rolled coil is 5273 yuan/ton, up 47 yuan/ton from the previous trading day; among the
medium-thick plate 23 markets, 21 rose 10-100, and the average price of 14-20mm ordinary medium-roll plate is 5276 yuan/ton from the previous trading day, up 36 yuan/ton from the previous trading day.
A total of 26 steel mills have adjusted their prices today, of which:
has been raised by 22, accounting for 84.6%, with a price adjustment of 20-70 yuan/ton, with the highest increase being Shanxi Jianbang Line Snail;
has not been downgraded;
has remained the same as 4, accounting for 15.4%.
According to the data of Zhonggang.com APP, the price trend chart of
Zhonggang.com APP is as follows:
html l1 steel rose overall today
Today's threaded main futures rose 104, closing at 5032, an increase of 2.11%; the main hot coiled main rose 68, closing at 5304, an increase of 1.3%; the main coking coal main rose 37, closing at 3100.5, an increase of 1.21%; the main coking main force rose 32, closing at 37, closing at 37, closing at 37, closing at 870, an increase of 4.44%.
scrap steel price update
price adjustment: Changzhou Zhongtian scrap steel rose by 100. Furnace-3820, Furnace 23790, Heavy 13770, Heavy 23740, Heavy 3710, Tax-inclusive
Price adjustment: Wuxi New Sanzhou scrap steel rose by 50.Steel plates above 10, mold steel 3858, heavy scrap 6 thickness 3745-3792, steel cutting head 3923, 3% tax included.
Price adjustment: Baigong: The shavings are increased by 150 yuan/ton other material types are increased by 50 yuan/ton.
Price adjustment: Henan Pingdingshan Wu Steel Heavy Duty Tax Acceptance with Tax inclusive is increased by 30, Anyang Yaxin stopped collecting, Qinyang Hongda Rebar Head 3570 does not include tax. Last Saturday, it rose by 30; Anyang Xinpu Steel Heavy Scrap 10 Thickness was raised by 10 yesterday, Zhengzhou Fuhua Xin Pu
Steel Sheet Material 3470 rose by 30
Price adjustment: Hongxing all material types were raised by 20 yuan/ton, and steel sales will not be adjusted for the time being. Premium steel 3860, high-quality steel 3840, heavy waste A3770, heavy waste B3710, silicon steel sheet 3670, cold plate crusher 3670 (2 thick, no galvanized), silicon steel sheet crusher 3670 (ball, no face, no pig iron), silicon steel sheet crusher 3510 (sheet, no face, no galvanized), steel bar crusher 3500 (8 roundness and above), flower iron block 3500 (2 thick and above), general sale grade 2 3080~3130, general sale grade 1 3160~3180, small steel shavings 3270~3300, large steel shavings 3360~3380.
price adjustment: Tianjin Ronggang has increased by 30-50. Billet head, round steel head 3820, flange sheet 3810, bow plate 3780, high-quality grade 1 3820, shearing material template 3500, steel sheet material 1 3820, rolling waste 3820, steel bar pellet 3880, crushed special grade shearing material 3500, excluding tax.
Tomorrow steel price forecast:
is subject to the escalation of epidemic control and temporary traffic control. Most steel companies have a great impact on the entry of raw materials into factories and transportation of finished materials. Some steel plants have a major impact on the blast furnaces starting to be repaired or reduced production on the 19th. As traffic control continues, the inventory of raw materials in most steel mills is in a hurry, and it is not ruled out that there will be improved maintenance of blast furnaces in the near future, and the supply of steel in the market is still poor. In addition, iron ore prices have strengthened, and steel mills have a strong willingness to support prices from the cost side. On the other hand, there is a new signal of recovery in real estate, and the market's bullish mentality has increased. is expected to rise steadily tomorrow.
