factors affecting steel prices
Ministry of Commerce: Actively guarantee Commodity domestic supply
Deputy Minister of Commerce Ren Hongbin html said at a press conference of the State Information Office on the 230th that my country's foreign trade scale will reach a new level in 2021, and it is expected to reach 6 trillion US dollars for the whole year. Compared with 2020, the increase is expected to reach 1.3 trillion US dollars, which is the sum of the increase in the past 10 years, achieving the goal of stable quantity and quality improvement. In the future, we will continue to do a good job in importing commodities, actively ensure the domestic supply of commodities, and further improve the convenience level of trade liberalization.
analysts' opinion: Ensuring the supply of commodities from the import and export aspects will accelerate the marketization of prices and avoid price surges and falls caused by hoarding and price gouging. The stable price at the raw material side is conducive to the stable development of the manufacturing industry, gradually expanding demand, driving steel procurement, and benefiting medium- and long-term steel prices.
2022 Shanxi Jingang and Asian New Zealand winter storage policies were released
2022 Shanxi Jingang winter storage policies are as follows:
lock price policy: rebar execution price 4430 yuan/ton, plate screw execution price 4670 yuan/ton; value preservation policy: rebar execution price 4510 yuan/ton, plate screw execution price 4750 yuan/ton.
On December 29, Shanxi Jingang price is as follows: the ex-factory price of HRB400Φ18-22mm rebar is 4510 yuan/ton; the current ex-factory price of HR400EΦ8-10mm coil screw is 4840 yuan/ton.
Henan Yaxin Steel Group has issued the 2022 winter storage policy for construction steel products, as follows:
1. Panscrew 28-10: Locked unit price is 4,550 yuan/ton;
2. High-line large pieces Q195/235-6.5: locked unit price 4650 yuan/ton;
small pieces Q195/235-6.5: locked unit price 4645 yuan/ton;
large pieces Q195/235-8/10: locked unit price 4600 yuan/ton;
small pieces Q195/235-8/10: locked unit price 4595 yuan/ton;
winter reserves will be in 2022 The
Ministry of Commerce: The entry into force of the RCEP agreement will greatly boost confidence in economic recovery under the background of the epidemic
RCEP agreement will greatly boost confidence in economic recovery under the background of the epidemic. RCEP regional unified market has begun to operate, effectively hedging the negative impact of the new crown epidemic on the economy, boosting industry and enterprises' confidence in carrying out trade and investment, and injecting new impetus into my country's economic growth. RCEP is of great significance to my country's construction of a new development pattern. In the next step, the Ministry of Commerce will work closely with all localities and relevant departments to allow foreign trade enterprises to truly enjoy the benefits of opening up and policy as soon as possible, and make new contributions to the stable growth of the national economy.
analyst's view: The entry into force of the RCEP agreement will promote the development of domestic manufacturing industry in the long run. Not only will the raw material side enjoy the reduction and exemption of import tariff , but it will also enjoy certain tariff subsidies in terms of exports, expanding the import and export quota, and expanding the scale of manufacturing enterprises will also help the procurement of steel, which will benefit steel prices in the long run.
Northeast temperature fluctuates significantly, with local blizzards
China Weather Network, on December 30, the temperature in Northeast China and other places will further decline, generally turning to a lower state than the same period in the previous year; while most of the south have left the market, the pace of heating will continue. In terms of precipitation, the rain and snow weather in the area of the Qinghai-Tibet Plateau will shift eastward, and there will still be heavy blizzards in some areas of Tibet, and most other areas will have sparse rain and snow, and the weather will be dry.
Analysts' view: Affected by cold air, demand in the northern market remains weak, while as the rainfall in the south decreases, demand is expected to rebound, and steel prices are expected to be weak in the north and strengthen in the south in the short term.
market price
steel price rise and fall today
Zhonggang.com APP data display:
rebar 24 markets fell 10- 30. The average price of 20mm HRB400E is 4726 yuan/ton, a decrease of 13 yuan/ton from the previous trading day;
hot coil html of 124 markets fell 10-20, 6 rose 10-20, and the average price of 4.75 hot-rolled coils is 4782 yuan/ton, an increase of 2 yuan/ton from the previous trading day;
medium-thick board 23 markets fell 10-30, and the average price of 14-20mm ordinary medium-roll board is 5078 yuan/ton, a decrease of 4 yuan/ton from the previous trading day.
Today, a total of 19 steel mills adjusted their prices, up by 1, with a price adjustment of 20 yuan/ton, with the highest increase being Shandong Chuanyang Profile; 5 companies lowered, with a price adjustment of 20-50 yuan/ton, with the largest decline being Shanxi Gaoyi Market Line; 13 companies were stable.
According to Zhonggang.com APP data shows:
Zhonggang.com APP price trend chart is as follows:
9
11 period steel fell slightly today
steel futures fell slightly today
Today's thread main force futures fell 25 to close at 4282, a drop of 0.58%; the main force of hot coil fell 28, closing at 4411, a drop of 0.63%; the main force of coking coal rose 28, closing at 2194, and the increase of 1.29%; the main force of coking coal rose 7.5 to close at 2911, a gain of 0.26%; the main force of iron ore rose 6.5 to close at 669.5, a gain of 0.98%.
Short-term steel price forecast:
RCEP will take effect on January 1, 2022. According to the Ministry of Commerce's estimates, this cooperation agreement will accelerate the development of domestic manufacturing industry and slow down the current "demand weakening" situation in China, and demand for steel will also be boosted after the Spring Festival. However, the ex-factory prices of domestic steel mills are still higher than the general market expectations. Considering that the profit margin of steel mills has been narrowing and the amount of steel prices is not large, the short-term prices are still in a stalemate. If steel mill inventory continues to rise, the possibility of steel prices slightly lowered in early January cannot be ruled out. Therefore, the short-term steel price is running weakly.
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