Shagang rebar up 200 national building materials market shock adjustment

1, the country's 25 major cities rebar price shock adjustment. Among them, rebar prices in 6 cities including Hangzhou, Wuhan, Tianjin, and Lanzhou fell by 10-70 yuan/ton, and rebar prices in 18 cities including Shanghai, Jinan, and Guangzhou remained on the sidelines. On the 1st, the steel futures market fluctuated at a low level, and the spot market was traded in general. Some merchants made small profits to ship. In early March, the ex-factory price of Shagang rebar rose by 200 yuan/ton, and the ex-factory price of 20mm grade 3 rebar was reported to 3850 yuan/ton, which was 100 yuan/ton higher than the spot market in Hangzhou. Due to the rising cost of goods for merchants and the good economic stability, the market mentality is still stable in the peak season. After short-term shock finishing, the building materials market or still have room to rise.

Cold and hot rolling shock is weak, price decline space is limited.

On the 1st, hot-rolled prices in 24 major cities across the country weakened slightly. The national average price of hot-rolled coils in 3.0 was 3970 yuan/ton, a decrease of 24 yuan/ton from the previous trading day, and the national average price of hot-rolled coils in 4.75 was 3907 yuan/Ton, a decrease of 23 yuan/ton from the previous trading day. On the 1st, the futures market fluctuated lower, the market wait-and-see sentiment increased, the quotations of merchants fell slightly, the enthusiasm of downstream procurement was not high, and the market transaction was relatively poor. At present, the market inventory is relatively high, the pressure of merchants to inventory is greater, coupled with the impact of the weakening of futures, the overall market is weak, but considering the cost factor, there is little room for price decline. On the whole, the market price is expected to consolidate tomorrow. 1 national cold-rolled price weak shock, poor turnover performance. Market: cold-rolled market weak correction, the market strong sentiment accumulation, inventory pressure is more obvious, the shipment situation in general. 1 day futures shock weak, billet fell in the afternoon so that cold-rolled spot performance in a weak position, to sum up, it is expected that tomorrow's cold-rolled price consolidation operation.

Steel pipe ups and downs, demand not effectively released

1 domestic welded pipe prices fell slightly, seamless pipe rose slightly. According to statistics, in terms of welded pipes, 7 cities including Jinan, Hefei, Beijing, and Tangshan fell by 20-90 yuan/ton; in terms of seamless pipes, four cities including Hefei and Changsha rose by 40-100 yuan/Ton, prices in other cities remained stable. 1 day welded pipe prices showed signs of a slight decline, the main price reduction area distribution in North China. From a fundamental point of view, the market demand on the 1st is fair, except for some northeast and northwest regions affected by low temperature, the demand has not been effectively released. At present, the prices of raw material strip steel and billet have been adjusted back for several days in a row, and the atmosphere of market price increase has been suppressed. Pipe plants have generally dropped on the 1st. South China, central China and far-away areas in southwest China have not been affected by price reduction information. If the market continues to weaken tomorrow, prices in the southern region will be adjusted back slightly. In terms of seamless pipes, the price of pipe blanks was weak and stable on the 1st, some specifications were out of stock, the ex-factory price of the pipe factory remained stable and watched, and the merchants delivered goods steadily. To sum up, it is expected that the price of seamless pipe will rise steadily tomorrow.

In terms of raw materials

Iron ore: on the 1st, traders in the iron ore spot market offered weaker and more stable prices in early trading than yesterday, and the transaction price was about 10 yuan lower than that of some varieties yesterday. In terms of steel mills, inquiries were general, and the weakness of even iron contracts fell for two consecutive days. Steel mills were cautious and mainly collected goods on demand. Moreover, the steel mills themselves had high inventory, weak purchasing willingness, and some traders were unwilling to reduce prices, so the turnover on the day. Coke: On the 1st, the domestic coke spot market consolidated and operated, with some enterprises in North and East China rising and market confidence picking up. The current secondary mainstream price in the coke market in Shanxi is 1450-1500 yuan/ton, the quasi-primary price is 1500-1550 yuan/ton, and the primary price is 1550-1620 yuan/ton, all of which are ex-factory prices including tax. On the downstream side, steel mills are mostly on a wait-and are still in stock, focus prices still have some support; short-term coke prices are more likely to stabilize. Scrap steel: 1 day scrap steel market stable consolidation, material type difference continues to grow. East China's scrap steel is mainly stable, and the highest price of the current mainstream steel mills including tax is 1850-1920. The market does not include tax heavy waste 1650-1700, medium waste 1500-1550, wrought iron scrap 980-1050 rarely clinch a deal, casting steel plate new materials including tax 2150-2200. Later is expected to remain unchanged, prices are basically stable, short-term scrap market will continue to narrow gradually stable adjustment.

1 day market analysis

1 black electronic disk after a short period of low shock, began to gradually rise, in which the double focus futures due to the spot rebound of the reason or larger, the period screw from the reduction of more than 150,000 hands eventually changed to increase the position of more than 10000 hands, the market changes very fast. Spot level, affected by North China environmental protection and the upcoming two sessions, strip steel, billet transactions depressed, prices continue to fall. Finished material prices are slightly stronger, after the early price correction, low turnover gradually turned better, superimposed on the leading steel mills to significantly increase the ex-factory price of the pull, the overall demand is significantly higher than yesterday, the afternoon part of the low price rebound. On the whole, the recent demand is hardly sustainable, but the market pressure is general, and the business mentality is entangled. It is expected that domestic steel prices will fluctuate within a narrow range in the short term. It is recommended to wait and see.