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The current trend of the domestic steel market continues to adjust upwards with steady fluctuations, but some steel prices in the northern markets are still falling slightly. As of the close, the average price of 20mm tertiary rebar is 3576 yuan/ton, up 8 yuan/ton from the previous trading day; the average price of 20mm general board is 3465 yuan/ton, up 2 yuan/ton from the previous trading day; 4.75 Mm hot coil average price reported 3491 yuan / ton, compared with the previous trading day by 3 yuan / ton.
Macro-information: PMI shows that the economy is still recovering its structural adjustment or its primary goal next year. Although the final value of HSBC PMI in November slightly corrected from the previous month, it was revised up by 0.4 percentage points from the initial value of 50.4% to 50.8%, combined with the November mining PMI, which was in line with the previous month, indicating that the real economy is still recovering. The overall economic situation is somewhat optimistic.
Steel factory price adjustment: Today Maanshan Iron & Steel's plan to withdraw from the plate in late November introduced a 140-280 range, 12-20 Pu board does not include tax 3020, SS400 5.75*1500 hot roll does not include tax 3290; Tong Gang 11 In the second half of the month, the HRC is lowered by 30-50, and now Jilin ≥ 3.5mm is reported at 3352; while Tongliang’s settlement policy is stable in the second half of November, and Jilin 16-25 secondary threads are currently reported at 3202; Baosteel’s construction materials held steady in the first half of December. Currently, 18-28 grade 3 earthquake-resistant snails have been reported at 3520; overall, today's manufacturers have significantly reduced their attitudes towards upward adjustment, and the settlement policy has been steadily reduced.
Cost side: Tangshan billet prices held steady today, the current local carbon 150 billet 3010 yuan / ton, 165 rectangular billet 3040 yuan / ton, low alloy billet 3130 yuan / ton, including tax factory, the general price of carbon billet 2910 yuan / Ton.
To sum up, China Steel Net believes that due to the fact that some specifications in the current market are incomplete, and resources for individual specifications are in short supply, the steel prices in the country as a whole have shown steady upward fluctuations. But at the same time, due to the fact that overall shipments have shrunk compared with yesterday, especially in some northern markets, some merchants have seen minor price adjustments in the northern part of the country today in the case of obvious shipping mentality. For tomorrow, taking into account the shrinking of transactions today, especially at the current end of the year when some merchants have received psychological enhancements at the end of the year, and sales pressure is not high, especially today's ** trend continues to go higher, and it is expected that mainstream quotations will continue to fluctuate steadily tomorrow. space.