On June 21, black futures fell in an all-round way, with iron ore leading the way down by 8.79%, hitting the limit. On June 22, iron ore continued to fall by 2.69%. On June 21, screw thread and hot coil both fell by more than 4%, and on the next day,
they fell by more than 2.13%. In the spot market, Tangshan Steel Billet dropped by 100 yuan / ton for two consecutive days, and the quotation was 4800 yuan / ton. The transaction was general, and the shipment was under pressure. The steel market started
a new week with lower price.
On June 22, the market confidence was hit by the policy guidance, the black series was weak, and the black series, led by iron ore, fell sharply. The steel futures were at a low level, with rebar closing at 4885 yuan / ton and hot coil closing at 5153
yuan / ton.
After two consecutive days of sharp decline, the market sentiment has been fully released. The black series was among the top gainers, with coal shortage in the market fermenting, with coke and coking coal up more than 4% and iron ore
up nearly 4%. Tangshan Qian'an plain billet resources factory tax increase 20, reported 4820 yuan. In the afternoon, some resources were slightly increased by 10-20 yuan / ton, and te market trading atmosphere also improved.
Due to the shutdown
of coal mines in Shanxi and other places, the price of coking coal generally rises under the tight supply. Affected by the contraction of raw coal supply, raw materials led to the rebound of finished products. However, most businesses have long expected
that the later demand will continue to weaken, so the short-term operation is mainly to reduce the warehouse and ship, and the price has not increased significantly
1. The two departments sent a number of working groups to the
relevant provinces and cities to carry out joint investigation of the bulk commodity market;
2. The national carbon market will be launched soon, and various ways can be adopted to participate in the trading;
3. Tangshan implemented the following
emission reduction measures from 20:00 on June 22 to 20:00 on June 24. From 22:00 a.m. to 9:00 a.m. the sintering machine of iron and steel enterprises, Qiangang of Shougang and Jingtang of Shougang reduced emissions independently to the maximum extent.
The enterprises of casting (except electric furnace), independent steel rolling (except electric heating), independent pellet and cement grinding station stopped production.
4. China Steel Association said that the current steel price has been at
a high level, and there is no obvious change at both ends of supply and demand, so there is no basis for continuous rise in the later stage.
Industry: in May, the global crude steel output was 174.4 million tons, up 16.5% year on year; From 20:00
on June 22 to 20:00 on June 24, Tangshan steel plant continued its emission reduction measures; From January to may, 16.864 million dwt of shipbuilding was completed nationwide, with a year-on-year increase of 26.6%
With the deepening of the traditional
off-season, the pressure of supply and demand in the steel market may further increase. Once the steel plant reduces production due to losses, the price of raw materials will also have room to fall. In the short term, under the support of high cost, the
decline of steel price has slowed down, and periodic rebound can not be ruled out. Considering the weak supply and demand fundamentals, the weak market may still be difficult to reverse.