Steel market
Raw fuel spot market
Today's imported ore
The market price of imported iron ore mainstream varieties rose slightly. From a fundamental point of view, the supply of iron ore increased slightly, the decline in demand narrowed, the port inventory went to the warehouse slightly, and the fundamentals were still relatively weak; However, the price of finished products rebounded in the past two days, and the negative feedback of the industrial chain may end. The superimposed market has high expectations for the increase in terminal demand in September, and today the iron ore disk has risen strongly; On the whole, the rebound space of iron ore will be limited before the demand side of finished products is substantially improved, and it is expected that iron ore will fluctuate strongly tomorrow.
Today coke
The price of coke is weak and stable. On the supply side, the loss of coke enterprises has increased, the enthusiasm for production has declined, some coke enterprises have slightly reduced production, and the coke inventory in the factory has accumulated; On the demand side, steel mills suffered serious losses, production reduction and maintenance continued, and they were cautious about coke procurement; Considering that the current supply of coke exceeds the demand, the steel mill still expects the sixth round of coke reduction, and it is expected that the spot coke will run weakly tomorrow.
Today's scrap
The price of scrap steel is stable and strong, with an increase of 10-50. Recently, the prices of steel billets and finished products have risen slightly, and the cost advantage of scrap steel over molten iron has gradually emerged, supporting the price of scrap steel; However, considering that the demand for finished products has not improved significantly, the demand for scrap steel is still low, and the upward space for scrap steel may be limited. It is expected that the price of scrap steel will maintain a steady upward movement tomorrow.
Today billet
Tangshan Qian' anpu billet resources are reported to be 2900 yuan/ton including tax. The price of billet in the whole country has risen, and the fluctuation in the future is strong. The price of downstream finished products has risen slightly, and the overall transaction has improved. It is expected that the price of billet will be stable and strong tomorrow.
Today, black commodities rebounded in an all-round way, with iron ore up nearly 5% and hot coil up nearly 4%. It is reported that in recent days, many places have seized the "golden period" of construction in the third quarter and promoted the construction of major projects. Driven by factors such as increased financial support, infrastructure investment is expected to accelerate; The current market has high expectations for the increase in terminal demand in September. In addition, with the easing of market supply pressure, building materials transactions have picked up, the digestion of old national standard resources has accelerated, and market confidence has recovered. However, the current spot transaction is still relatively average, and the capital arrival rate of construction sites is still not high, and the demand recovery is not strong. The follow-up needs to focus on the recovery rate of demand in the peak season. It is expected that the steel price will rise steadily tomorrow, with a range of 10-30.
