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January 24 Steel industry overview

  • from:迅xunzhuoweb
  • admin:admin123
  • date: 2022-01-25
January 24 Steel industry overview
 

【 Hotspot Overview 】

China has played a significant role as an engine of global economic recovery.

According to data released by China's National Bureau of Statistics (NBS), the country's GDP for 2021 is 114.3670 trillion yuan, an increase of 8.1% over the previous year at constant prices and an average growth of 5.1% over the past two years, marking a good start to the 14th Five-Year Plan.  

China's economic performance in 2021 has attracted intense attention from foreign media.  

"China's economy has enjoyed its ! Growth in a decade, driven by strong exports, is recovering faster than other major economies in the world." As reported by Reuters, China's economic performance in 2021 has caused foreign media to marvel.

CNN reported that China had exceeded its target, with "the numbers higher than many economists and the Chinese government had expected".
Hong kong-listed review:

Today, the domestic steel market is rising steadily. Billet price is stable, building materials price is mainly stable, hot coil


1.Cold rolled

January 24 domestic cold rolling market prices mostly stable, market transaction in general.

National cold rolled coil market prices are prices mostly stable, hot coil black futures concussion.

In North China, the price of cold rolled sheets and coil in Tianjin is temporarily stable today. According to traders' feedback, due to the impact of the epidemic and the approach of the Spring Festival, the market has begun to leave one after another, and most of the shipments remain stable. Some steel mills consider the post-holiday market procurement and ordering sentiment, and the price rises slightly.

In East China, the inventory of resources in Shanghai market is not high at present, and there is almost no willingness to take goods in the downstream. Most of them have left the market on holiday. As for rape noto spec, traders, the holiday is concentrated in the last two days, so there ? Be no rape no significant rape no significantly adjustment in the price.

Overall, it is expected that tomorrow's domestic cold rolled coil prices will consolidate.

2.Hot coil:

Early opening, domestic hot rolled coil prices to stable, individual adjustment, the average price of the ten major cities rose 16 yuan/ton, the average price of 4857 yuan/ton.

Close to the Spring Festival this week part of the market traders have closed, still normal shipments of traders still maintain last week's high prices, or even increased.

The first is due to today's volume early tall open, strong trend, the second is because the Spring Festival will come, most of the site shutdown, coupled with the market is still operating less trader, so it is generally believed that even low shipments will not stimulate the transaction, before the Spring Festival or will maintain at the current high shock.

As for the transaction, the current market trading atmosphere is light, basically half closed, and more traders may be closed tomorrow.

Hot volume prices are expected to be stable tomorrow.

3.Material:

January 24 domestic profile price strong shock, the price increase range of 20-50.

Affected by macro policies, black futures last week strong boost, superimposed on the background of production limit expectations, billet prices over the weekend rose 40 to 4480 yuan/ton, the formation of cost support for profiles.
 
In East China, the inventory of resources in Shanghai market is not high at present, and there is almost no willingness to take goods in the downstream. Most of them have left the market on holiday. As for rape noto spec, traders, the holiday is concentrated in the last two days, so there,no adjustment no adjustment no significantly adjustment in the price.

Overall, it is expected that tomorrow's domestic cold rolled coil prices will consolidate.

4.Hot coil:

Early opening, domestic hot rolled coil prices to stable, individual adjustment, the average price of the ten major cities rose 16 yuan/ton, the average price of 4857 yuan/ton.

Close to the Spring Festival this week part of the market traders have closed, still normal shipments of traders still maintain last week's high prices, or even increased.

The first is due to today's volume early tall open, strong trend, the second is because the Spring Festival will come, most of the site shutdown, coupled with the market is still operating less trader, so it is generally believed that even low shipments will not stimulate the transaction, before the Spring Festival or will maintain at the current high shock.

As for the transaction, the current market trading atmosphere is light, basically half closed, and more traders may be closed tomorrow.

Hot volume prices are expected to be stable tomorrow.

5.Material:

January 24 domestic profile price strong shock, the price increase range of 20-50.

Affected by macro policies, black futures last week strong boost, superimposed on the background of production limit expectations, billet prices over the weekend rose 40 to 4480 yuan/ton, the formation of cost support for profiles.
 
Consider the market wait-One Because see mentality dominated, is expected to be short-term or stable sorting.

6.Plating:

January 24 domestic coating market prices temporarily stable operation.

Today, domestic coating prices temporarily stable operation.

Hot coil black futures this morning high, intra shock, private steel galvanized guide prices are stable, which represents the private steel mill: 5450 yuan/ton, 5450 yuan/ton Xinyu.

According to feedback, some traders in the market have been on holiday, and the impact of price adjustment is weakened. At present, the rise and fall of prices are mostly stimulated by macro policies. With the Winter Olympics approaching, the relevant remarks of the Ministry of Ecology and Environment still give the market a lot of room for imagination, and the price shock is still expected.

Transaction reduced again, some manufacturers have not quoted, most small and medium volume less than 100 tons, the market as a whole in a state of price without market.

Overall, is expected tomorrow domestic coated plate volume prices to maintain a stable trend.


                                                                                                                          (  Information from the Internet)