Market

1. As of March 1, the average price of rebar 20mm HRB400E in 24 major markets across the country was 3882 yuan/ton, down 5 yuan/ton from the previous trading day. The average price of 4.75 hot-rolled coils in 24 major markets across the country was 3898 yuan/ton, down 24 yuan/ton from the previous trading day. The average price of 14-20mm general medium board in 23 major markets across the country was 3825 yuan/ton, down 17 yuan/ton from the previous trading day. The average price of 1.0mm cold rolled coils in 23 major markets across the country was 4799 yuan/ton, down 4 yuan/ton from the previous trading day.

Comments:

Yesterday the domestic steel market price weak operation. Recently, prices have risen sharply, while the market's high-level resources have been undertraded, and yesterday's billet and futures snails have been continuously lowered. Some merchants have shown panic. Most of the operations of cashing out shipments have loosened prices in some markets. However, judging from the current market, after entering March, the overall market atmosphere is relatively good. Although affected by the two sessions, the operating rate of downstream construction sites is relatively limited, but many traders still have expectations for the later period, and steel mills are still very expensive. Today, Shagang issued a price adjustment in early March: rebar rose 200, coil rose 180, high line rose 180. Now thread steel 3850, high wire 3710, coil 3830. Unleash strong confidence in future prospects. However, the final market demand is the last word. It is expected that short-term steel prices may fluctuate at a high level, and price changes may be more frequent. On the whole, under the weakening of futures and billets, prices are expected to be weak and stable.