The latest market trend of steel prices on July 18

[Construction steel] On the 17th, the market price of construction steel went up and down. The average price of rebar in major cities was 3833 yuan/ton, which was stable compared with the previous trading day. The snail period fluctuates, and the closing price of the main contract 2310 is 3687 yuan/ton, which is 87 yuan/ton lower than the settlement price of the previous working day, and a discount of 203 yuan/ton compared with the market price of 3890 yuan/ton in Hangzhou Zhongtian thread. Shanghai’s local construction steel prices rose slightly last Friday. Market risk appetite picked up overnight, and overall resources opened slightly higher, but merchants reported that the actual demand performance in the early trading was mediocre, and dark declines occurred from time to time. In the afternoon, the financial market rose and the basis spread widened. Futures and spot funds and terminal demand followed suit and entered the market. The overall daily resources show a trend of increasing volume. It is expected that the national construction steel price may fluctuate and stabilize tomorrow.

[Hot-rolled coil] The spot price of hot-rolled coil continued to fall on the 17th. The average price in major cities across the country is 3,875 yuan per ton, down 14 yuan per ton from the 14th, up 6 yuan per ton from the same period last week. Shanghai 3840-3860 yuan/ton is down 50 yuan per ton from the 14th, up 20 yuan per ton from the same period last week, and Lecong 3810-3820 yuan/ton is down 50 yuan per ton from the 14th, up 20 yuan per ton from the same period last week . Tianjin 3830-3850 yuan/ton is down 20 yuan per ton from the 14th, up 10 yuan per ton from the same period last week. On the 17th, the hot-rolled futures fluctuated and fell, closing at 3,791 yuan/ton, down 83 yuan per ton from the previous month, or 2.14%. Yangang’s bidding price today is 20% lower than that of the previous working day. The spot price of Rizhao Steel is more stable than yesterday. The quotation of steel billet part dropped by 10 to 3520 yuan/ton today. The macro data in June showed that the market made a weak interpretation, and the short-term price will still fluctuate and run weakly.

[Cold-rolled coils] On the 17th, the average price of cold-rolled coils in major cities across the country was 4,628 yuan/ton, a decrease of 1 yuan/ton from the previous working day, and an increase of 11 yuan/ton from the same period last week. Among them, the market price of Angang 1.0 cold coil in Shanghai is 4,470 yuan/ton, stable; Tianjin Tiantie 1.0 cold coil is 4,430 yuan/ton, down 10 yuan/ton; Lecong Liuzhou Iron and Steel 1.0 cold coil is 4,500 yuan/ton, stable. The futures market fluctuated and fell, and the overall spot market was better than the futures market. The cold-rolled spot market mainly operated weakly and stably. The terminal purchases were more wait-and-see and replenished stocks on demand, and the overall market transactions were light. At present, the fundamentals of supply and demand in the market are weak, and most merchants express that they should operate cautiously, and there is a possibility of a callback. The room for price fluctuations is limited, so pay attention to the relevant information released by the National Development and Reform Commission. The short-term market is expected to fluctuate within a narrow range.

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