21 domestic steel prices decline to expand. Last weekend the overall market sentiment lax , Tangshan carbon billet prices break below 3,000 yuan mark an integer , while finished steel market volume gradually decline , coupled with the pressure of the back section Steel City this week, concentrated , resulting in accelerated decline in the steel city . Construction steel and hot-rolled coil decreases in both increased last week , cold-rolled coil and plate prices remain small Yindie pattern.
September crude steel production picked up again and the CPI index rose year on year in the steel city of resources both surface and the capital side appeared a certain pressure , but three quarters of GDP growth rebounded sharply to 7.8 %, while the recovery in manufacturing sentiment index etc. , but also makes the current steel market fundamentals peripheral mixed. For the macro side , capital market's reaction to be more sensitive . Opened this week , did not continue the capital markets fell sharply last week , on the contrary , stock market gains across the board to regain 2200 , Prime Minister Lee speech boost market confidence, while also postponed the IPO market, a certain boost, at ten Third Plenary Session of pre -eighth , the market for this policy direction or emphasis of environmental protection, forestry, animal husbandry and fishery sector have strong expectations that the recent speculation continues to be hot . The main contract of 1401 Lo doji on Friday today after shrinkage in small candle to close , although yet to gather popularity , but the days of cable run, bulls are split step approach spoiler , short term , is still hard to get rid of weakness , but the downside has been gradually reduced. In the eighth session of the Third Plenary Session of the early stage of the performance of the capital markets or not too bad on the spot steel market or play a stabilizing role . Meanwhile, the steel city spot , whether it is from the steel mill order given new pricing policy or a month's settlement policy, are showing the trend of cautious optimism on the outlook a tone, high resource arrival costs continue to increase the current market price and the cost price of the inversion strength , while the space below the price formation of the more obvious support. Therefore, the decline in steel prices falling space to expand the market for early release , short-term weakness , the capital market is expected to usher in a warm atmosphere to drive down the steel city stop .
According to the monitoring display , 21, domestic major cities Ф25mm three rebar average price of 3,490 yuan , down from Friday 9 yuan ; China major cities Ф6.5mm high average price of 3,495 yuan , down from Friday 15 yuan ; domestic major cities 5.5mm hot rolled coil average price 3524 yuan , down from Friday 13 yuan ; domestic key central city of 1.0mm cold rolled coil , the average price of 4,390 yuan , down from Friday 4 yuan ; domestic major cities 20mm medium plate an average price of 3,467 yuan , down from Friday 7 yuan .
Raw materials , 21, 150 * 150 Carbon Tangshan billet 2970 yuan , down from Friday 30 yuan ; Tangshan region 65-66% acidic dry basis iron ore prices 1060 yuan , unchanged from Friday ; Tangshan area two metallurgical coke price 1350 yuan , unchanged from Friday .
Main force of the rebar contract on the 18th early 1401 to 3,563 yuan / ton lower opening , followed by low volatility , the lowest 3,539 yuan / ton , up 3,581 yuan / ton , to close at 3,568 yuan over the previous day ( the 17th ) settlement price down 2 yuan / ton, 1,365,830 , 1,306,888 hand positions , minus 102,746 hands.
Steel, following the Baosteel, Wuhan Iron and Steel , Shougang introduced in November after sheet products price policy , but also set the tone for a new Angang a product price, unless plate prices down 100 yuan before , the hot-rolled coil , cold rolled coil pickling and galvanizing board and prices remain unchanged. Steel hot-rolled, cold-rolled and plate a new order prices were lowered . In the range of 70-140 yuan, including tax.
Steel City fall down channel is not conducive to the continuation expand later this week or look stabilized
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