2020 is an extraordinary year. Recently, steel prices have risen and fastener raw materials have also been affected. The prices of wedge anchor, through bolt, and screws have also fluctuated. Friends who need to stock up, contact FIXDEX FASTENING TECHNOLOGY INDUSTRY.
Construction steel: On July 21, the average price of 20mm grade 3 in 25 major cities across the country was 3796 yuan/ton, up 2 yuan/ton from the previous trading day. The market mentality has improved slightly, and most merchants are focusing on active shipments. In the afternoon, the snail futures rebounded further. Most merchants reported that the transaction had improved compared with yesterday. In some areas, the transaction volume increased slightly after the price increased. At present, some areas in East China and South China are gradually producing plums, and the demand for downstream steel is expected to gradually recover in the later period. It is expected that domestic construction steel prices may stabilize and become stronger in the short term.
Hot-rolled coil: On July 21, the average price of 4.75mm hot-rolled coil in 24 major cities across the country was 3895 yuan/ton, an increase of 7 yuan/ton from the previous trading day. Today, the black commodity futures market fluctuated upwards, and the spot market mentality was relatively optimistic, with merchants’ quotations rising slightly. At present, the market demand has not been significantly released, the terminals are basically purchased on demand, and the transaction volume has not been significantly increased. However, the current market inventory resources are relatively small, and the sales pressure of merchants is not great. Coupled with the support of cost, the willingness to price is strong. However, after the previous continuous rise, the market fear of heights has increased, and the operation is still mainly based on shipments, and the room for price increases is limited. It is expected that the price of hot rolled coils may fluctuate strongly tomorrow.
Cold rolled coil: On July 21, the average price of 1.0mm cold coil in 24 major cities across the country was 4345 yuan/ton, which was the same as the previous trading day. From a fundamental point of view, some mainstream specifications in the market are relatively in short supply recently, and traders are optimistic; from the perspective of inventory, merchants’ inventories are gradually digested, and the overall market inventory is relatively low. The cold rolling market is expected to grow stronger tomorrow.
Medium and heavy plates: On July 21, the average price of 20mm common plates in 24 major cities across the country was 3,935 yuan/ton, up 3 yuan/ton from the previous trading day. Today’s black futures closed up, and some markets in the afternoon increased slightly by 10 yuan/ton. Downstream wait-and-see customer inquiries increased, and transactions improved. In terms of inventory, the recent arrival of new resources is relatively small, mainly due to the high ordering costs, the weakened purchasing enthusiasm of merchants, and the rapid production of steel mills, resulting in a shortage of some specifications. On the whole, the market has a strong wait-and-see sentiment, the factory prices of steel mills are firm, and some resources are in short supply. It is expected that the domestic plate prices will continue to consolidate at a high level tomorrow.
Imported ore: The spot market for imported iron ore was generally active on the 21st. In the morning, the iron ore market along the Yangtze River showed a fluctuating upward trend. Traders raised their quotations by 5-10 yuan/ton. The mainstream PB powder quotations were 870-880 yuan/ton, up 10 yuan/ton from yesterday. The bargaining space in the near future is low. For the morning market volatility, steel mills choose to wait and see and inquire after the price stabilizes. Turning to the afternoon, the market continued to be high, traders’ quotations rose slightly by 5 yuan/ton, steel mills were worried that they would rise again in the future, and the inquiries improved slightly.
Coke: On the 21st, the price of coke was weak, and the third round of increase and decrease landed. At present, the shipment pressure of individual companies has increased, and the inventory in the factory has accumulated slightly. However, under the influence of loose environmental protection and high profit, the production enthusiasm has not diminished, and the operation has maintained a relatively high level. At high levels, there is a phenomenon of control of arrivals. Under the unbalanced profit distribution of coke steel, steel mills have continued to suppress coke prices. On the whole, short-term coke price pressure still exists and continues to operate under weak pressure.
Scrap steel: The scrap steel market remained stable on the 21st, with price adjustment steel mills fluctuating, and mainstream steel mill scrap prices remained stable. The black futures market was operating strongly, billets rose by 10, and finished product transactions were average. The scrap market trend was divided, and the overall scrap steel market remained stable and wait-and-see. After a round of decline in the northern region today, some steel mills did not arrive well and began to increase, while in East China, individual electric furnace plants began to reduce scrap prices due to poor profits, resulting in production reductions, and the scrap market was in a balanced long-short game. It is expected that the scrap steel market will remain stable in the short term.
Affected by the strength of the black futures market, quotations in the spot market have risen accordingly, downstream purchases have increased, and overall transactions have been better. Today, Shagang announced that building materials prices remained stable in late July, supporting the market mentality. Although the early stage was affected by the rainy season, the market demand was weak, but with the gradual northward movement of the rain belt, demand in the southern market is expected to gradually increase after the end of the rainy season. However, the total domestic construction steel inventory is currently on the high side, and the market is still facing certain inventory pressure. In the short term, domestic construction steel prices are expected to fluctuate strongly.
or my friends add me linkedin https://www.linkedin.com/in/fixdexjia/detail/recent-activity/
add me twitter https://twitter.com/FIXDEXChina
Post time: Aug-20-2020