According to the latest monitoring data of “My Steel Networkâ€, the domestic steel spot market price fluctuated upwards on the 7th. In the major national markets monitored, the average prices of wire rods and hot-rolled coils rose steadily, and the threading and plate market consolidation trended. Stable, some varieties of Nanchang, Hangzhou and other places increased slightly. In the afternoon, the price of billet in Tangshan increased by RMB 10/t, iron powder and imported ore prices remained stable, and the steel billet and scrap market experienced weak consolidation. Coking coal was temporarily stable.
Among the major markets monitored in the country, the construction materials market trended differently and the spiral stability line rose. Prices in most parts of the country, such as Shanghai, Tianjin, and Beijing, fell, and were mainly at 10-30 yuan per ton. The hot-rolled coil market rose slightly and the major markets all witnessed an upward adjustment of RMB 40-50/ton. The consolidation in the major plate market has stabilized, and prices in most regions have stabilized. Prices in only a few regions have consolidated slightly. Prices of some varieties in Nanchang, Hangzhou and other places rose slightly.
In terms of sub-categories, the price trend of the domestic building materials spot market was divided on the 7th, and the average prices of the 25 major cities increased or fell compared with the previous trading day. Among them, prices in a few areas such as Shanghai, Wuhan, and Urumqi were stable. Prices in cities such as Beijing and Tianjin all dropped slightly by RMB 10-20/ton, while those in Chongqing, Changsha, Nanchang, and Chengdu increased by RMB 40-50/ton.
The price of domestic hot coils rose slightly in today's market. Shanghai, Beijing, Tianjin, Lecong and other major market prices all increased by RMB 20-50/tonne. Prices in the southwest and northwest regions such as Chengdu, Kunming, Xi’an and Lanzhou remained stable. Among them, the average price of 4.75 hot-rolled coils rose by a large margin, which was an increase of nearly RMB 20/t over the previous trading day.
Today, the price of domestic plate consolidation stabilized, and the average prices of 8mm plate, 20mm plate, and 20mm low alloy plate in the 23 major markets monitored in the country all fell by 2 yuan/ton compared with yesterday. Shanghai, Beijing, Tianjin, and other countries Most markets operate smoothly.
Futures market today's domestic commodity futures market oscillated down, most of the species opened higher and lower, Shanghai copper, rubber, beans dropped significantly; PTA, which soon fell sharply after the opening bell, fell 3.57% as of the close, led the decline in the market. As of the close, non-ferrous metals fell across the board, Shanghai copper fell more than 1%; chemical market weakness, rubber, PTA, ethylene dropped sharply, coke rose slightly; agricultural products narrow down, the amplitude is less than 1%, beans performance is slightly weaker, The decline was nearly 1%.
From the October manufacturing PMI data, China's economic growth rate will decline in the fourth quarter, which makes the market expect that the demand for domestic commodities will continue to weaken in the later period. Before domestic monetary policy begins to relax, commodity prices may be difficult to obtain strong support.
In the raw material market, the domestic raw material market continued to be weak today. The domestic spot price of imported ore was steadily weakening, and the enquiries continued to decrease. Now the Mysteel63.5/63% Indices Index remained unchanged at US$131, and it has been maintained for 5 consecutive days. Tangshan billet prices rose by RMB 10/t in the afternoon, and transactions were average. The iron powder, pig iron, and scrap steel markets remained weak. The Tangshan billet price rose slightly by RMB 10/t in the afternoon.
On the fundamentals, the US and European stocks closed lower on Friday. Crude oil and gold futures declined slightly. In the United States, non-agricultural employment increased by 80,000 in October and the unemployment rate was 9.0%.
Wen Jiabao said that the downward adjustment of housing prices is a firm national policy; the 12th Five-Year Regulation of the iron and steel industry is released today; the end of the year is expected to focus on the outbreak of credit; Li Keqiang demands protection of the supply of mineral products and prices are stable; the Ministry of Land and Resources newly identified 13 prospects for mineral species; Shanghai pilots issuing local bonds. The details are delineated and will be launched before the 15th; the task of protecting the housing will be relaxed next year, and the investment in guaranteeing the bottom will be 700 billion yuan; the funding gap of the Ministry of Railways will be 800 billion yuan; the expressway will be quietly showing signs of debt crisis.
Among the major markets monitored in the country, the construction materials market trended differently and the spiral stability line rose. Prices in most parts of the country, such as Shanghai, Tianjin, and Beijing, fell, and were mainly at 10-30 yuan per ton. The hot-rolled coil market rose slightly and the major markets all witnessed an upward adjustment of RMB 40-50/ton. The consolidation in the major plate market has stabilized, and prices in most regions have stabilized. Prices in only a few regions have consolidated slightly. Prices of some varieties in Nanchang, Hangzhou and other places rose slightly.
In terms of sub-categories, the price trend of the domestic building materials spot market was divided on the 7th, and the average prices of the 25 major cities increased or fell compared with the previous trading day. Among them, prices in a few areas such as Shanghai, Wuhan, and Urumqi were stable. Prices in cities such as Beijing and Tianjin all dropped slightly by RMB 10-20/ton, while those in Chongqing, Changsha, Nanchang, and Chengdu increased by RMB 40-50/ton.
The price of domestic hot coils rose slightly in today's market. Shanghai, Beijing, Tianjin, Lecong and other major market prices all increased by RMB 20-50/tonne. Prices in the southwest and northwest regions such as Chengdu, Kunming, Xi’an and Lanzhou remained stable. Among them, the average price of 4.75 hot-rolled coils rose by a large margin, which was an increase of nearly RMB 20/t over the previous trading day.
Today, the price of domestic plate consolidation stabilized, and the average prices of 8mm plate, 20mm plate, and 20mm low alloy plate in the 23 major markets monitored in the country all fell by 2 yuan/ton compared with yesterday. Shanghai, Beijing, Tianjin, and other countries Most markets operate smoothly.
Futures market today's domestic commodity futures market oscillated down, most of the species opened higher and lower, Shanghai copper, rubber, beans dropped significantly; PTA, which soon fell sharply after the opening bell, fell 3.57% as of the close, led the decline in the market. As of the close, non-ferrous metals fell across the board, Shanghai copper fell more than 1%; chemical market weakness, rubber, PTA, ethylene dropped sharply, coke rose slightly; agricultural products narrow down, the amplitude is less than 1%, beans performance is slightly weaker, The decline was nearly 1%.
From the October manufacturing PMI data, China's economic growth rate will decline in the fourth quarter, which makes the market expect that the demand for domestic commodities will continue to weaken in the later period. Before domestic monetary policy begins to relax, commodity prices may be difficult to obtain strong support.
In the raw material market, the domestic raw material market continued to be weak today. The domestic spot price of imported ore was steadily weakening, and the enquiries continued to decrease. Now the Mysteel63.5/63% Indices Index remained unchanged at US$131, and it has been maintained for 5 consecutive days. Tangshan billet prices rose by RMB 10/t in the afternoon, and transactions were average. The iron powder, pig iron, and scrap steel markets remained weak. The Tangshan billet price rose slightly by RMB 10/t in the afternoon.
On the fundamentals, the US and European stocks closed lower on Friday. Crude oil and gold futures declined slightly. In the United States, non-agricultural employment increased by 80,000 in October and the unemployment rate was 9.0%.
Wen Jiabao said that the downward adjustment of housing prices is a firm national policy; the 12th Five-Year Regulation of the iron and steel industry is released today; the end of the year is expected to focus on the outbreak of credit; Li Keqiang demands protection of the supply of mineral products and prices are stable; the Ministry of Land and Resources newly identified 13 prospects for mineral species; Shanghai pilots issuing local bonds. The details are delineated and will be launched before the 15th; the task of protecting the housing will be relaxed next year, and the investment in guaranteeing the bottom will be 700 billion yuan; the funding gap of the Ministry of Railways will be 800 billion yuan; the expressway will be quietly showing signs of debt crisis.
LED Corn Light Co., Ltd. , http://www.cnoutdoorlight.com