Steel billet prices continue to decline for 20 days, and the Myspic steel index has slightly fallen
Release time:
2020-01-16
Plastic Hardware Network News: On January 20th, the domestic steel index (Myspic) composite index was 74.49 points, down 0.03% from the previous trading day. The MyIpic composite index of iron ore prices was at 51.4 points, unchanged from the previous trading day. The commodity futures market, which has risen sharply for two consecutive days, experienced a narrow correction today. In addition, due to poor trading of steel billets, prices have continued to fall, and the spot market price of steel has stabilized and consolidated. As the Spring Festival approaches, downstream demand is gradually shrinking, and market transactions are light. However, fortunately, market inventory is low, and businesses are more cautious. It is expected that the short-term steel market prices will mainly consolidate in a narrow range.
On January 20th, the Long March Index was at 81.98 points, down 0.04% from the previous trading day. Today's contract for snail 1605 fluctuated weakly, closing at 1818 with a drop of 0.49%, resulting in a reduction in volume and position. Today, the market price of construction steel saw a slight correction, with prices in Hangzhou, Wuhan, Beijing, Shijiazhuang, and Urumqi dropping by 10-20 yuan/ton; The market prices in Nanjing, Changsha, Taiyuan, and Kunming have increased by 10-20 yuan/ton. The market price in Hangzhou has slightly fallen, and as the holiday approaches, demand is gradually light, making it difficult for merchants to ship. It is expected that the market price will narrow and consolidate tomorrow. The market price in Kunming continues to rise, with light market transactions. Fortunately, the market inventory is low, and it is expected that the market price may adjust tomorrow. On the 20th, the price of HRB400 (20mm) rebar in 25 major markets across the country was reported at 2006 yuan/ton, a decrease of 1 yuan from the previous trading day.
Steel billet prices continue to decline for 20 days, and the Myspic steel index has slightly fallen
On January 20th, the flat material index was 67.33 points, unchanged from the previous trading day. Among them, the hot-rolled coil index and the medium thick plate index decreased by 0.01% and increased by 0.21% respectively. Today's hot coil futures contract 1605 fluctuated at a low level, closing at 1929 with a drop of 0.67%, increasing volume and positions. Today, the hot rolling market prices continued to narrow and consolidate, with market prices in Jinan, Hefei, Chongqing, and Xi'an rising by 20 yuan/ton; The market prices in Zhengzhou, Handan, and Shenyang have dropped by 10-20 yuan/ton. The market price of Lecong is temporarily stable, and new resources are gradually arriving, but downstream demand is weakening. However, the overall inventory is still low, and it is expected that the market price will consolidate tomorrow. The market price in Xi'an continues to rise, although the futures market has slightly rebounded, the mentality of merchants is still acceptable. With low inventory, it is expected that the market price will remain stable tomorrow. On the 20th, the price of 3.0mm hot-rolled coil in 24 markets across the country was reported at 2094 yuan/ton, an increase of 2 yuan from the previous trading day.
Today, the domestic medium and thick plate market prices have slightly increased, with prices in Hefei, Fuzhou, Beijing, Taiyuan, Chongqing, and Xi'an markets rising by 10-20 yuan/ton. The mid board prices in the Shanghai market are temporarily stable. After the arrival of new resources, merchants tend to focus on digesting inventory, and it is expected that the market prices will continue to be stable tomorrow. The price of medium and thick plates in the Xi'an market has slightly increased, and merchants intend to continue to raise prices. However, transactions are becoming increasingly light, and it is expected that market prices will narrow and consolidate tomorrow. On the 20th, the price of 20mm medium plate in 23 major markets across the country was reported at 1997 yuan/ton, an increase of 7 yuan from the previous trading day.
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