Lack of upward power, steel prices, steady consolidation

The mainstream trend of the domestic steel market continued to rise steadily and oscillatingly yesterday, but the trend of coiling continued to consolidate, and the mainstream of profiles and pipes stabilized. According to data from the China Steel Network, as of yesterday, the lowest price of the domestic three-tier threaded North China region in the Beijing market fell to 3400 yuan/ton for the 20mm three-stage thread quotation, and the same specification price in the East China Jinan market reached 3,500 yuan/ton; The lowest prices in North China and the Shijiazhuang market have risen to around 3,360 yuan/ton, while the prices in the East China market have risen to 3410 yuan/ton. In addition, as of yesterday, the average price of the 20mm HRB400 rebar mainstream market was 3,594 yuan/ton, up 9 yuan/ton from the previous trading day; the average price of the 20mm plate mainstream market was 3,473 yuan/ton, up 6 from the previous trading day. RMB/ton; the average price of 4.75mm hot-rolled coils in the mainstream market was 3,493 yuan/ton, up by 1 yuan/ton from the previous trading day; the average price of 5# angle iron in the mainstream market was 3,547 yuan/ton, compared with the price of the previous trading day. the same.

Message surface: The central bank issued 30 free trade zones: to prevent hot money from entering the country. On December 2, the People's Bank of China officially disclosed "Opinions on Financial Support for the Construction of China (Shanghai) Free Trade Pilot Zone" (hereinafter referred to as "opinions"), which is divided into seven parts and 30 sub-items. Haitong Securities released a report on the 4th, China's central bank issued a "free trade zone 30," which is conducive to innovation in the risk management account system, the separate accounting system and the central bank's domestic account management system are independent of each other, which will help prevent "hot money" borrowing free trade. District flows into the territory.

Cost side: After Tangshan billet fell 10 yesterday, Tangshan 150 billet was reported at 3,000 yuan/ton this morning. In addition, yesterday, Hebei Yuanbaoshan, Wenfeng, Huawei, Puyang, and other manufacturers raised the plate price of 10-50, Panzhihua Kunming in late November hot and cold volume down 35; and the 2672 plant, Jinan Iron and Steel and other manufacturers of building materials down 10 -60, E-steel, Shuigang, Yunnan Desheng, Chenggang, Xiamen Zhongda, Chengdu Chengshi, Pancheng Steel and other manufacturers raised the factory price of building materials by 20-60. As a whole, currently the second and third tier small factories are still focusing on the upward adjustment of the shocks.

** Surface: Yesterday, the rebar main contract Rb1405 opened higher and lower, opened 3716, the thread closed 3693 fell 23, due to threading diving disc sign yesterday was more obvious, the market fell below 3700, is expected to continue today threading callback, another iron ore opened higher Low to close 945.

Demand side: Yesterday the demand for end-user demand remained at a low level, the market turnover was even more clear-cut, and the business’s upward momentum was insufficient.

Taken together, the China Steel Network believes that with the slow running of yesterday's Spiral trend, coupled with the current sustained low demand for terminal demand, most businesses continue to pull up the momentum is insufficient, and consider today's approaching the weekend, it is expected that the mainstream trend will enter today Steady consolidation adjustment. Among them, the average price of rebar in the mainstream market today is adjusted by -10 to 10 yuan/ton, and the average price of 20mm tertiary rebar in the mainstream market fluctuates from 3590 yuan to 3,600 yuan/ton; today's plate price in the mainstream market will be adjusted. -10 ~ 10 yuan / ton, the average price of 20mm plate in the mainstream market fluctuated between 3470 ~ 3480 yuan / ton.