Today's point of view
Last night, the US president’s trade policy toward China showed a certain improvement. The financial market immediately responded. Today’s large futures market opened higher and fluctuated upwards. It helped the spot to stop falling. For some varieties, it appeared to rise slightly. In addition, some environmental incidents in East China today triggered market public opinion, and the rectification of production suspension is still positive for the supply reduction. However, the terminal market is still not optimistic. Some downstream manufacturing companies in South China also experienced a shortage of funds due to insufficient orders. event. High cost and low profit lead to unreasonable interest in the industrial chain. Although the steel price has improved in the short term, it is still not optimistic. Most of the market mentality is still weak. It is recommended to operate with caution.
Macro hotspot
1. [Domestic commodity market closing trend differentiation, crude oil, Shanghai lead led] crude oil, Shanghai lead closed up 2.9%, apple, Zheng alcohol, asphalt, thread, bean two, Shanghai zinc, Zheng coal, coke, Shanghai nickel, vegetables粕, hot coil, palm rose more than 1%, iron ore, glass, soybean meal, manganese silicon, beans, PVC, Shanghai aluminum, ferrosilicon, soybean oil, Shanghai copper, etc. closed up. White sugar, Zheng cotton, Huxi, cotton yarn, Shanghai
2. Silver, eggs, rubber, rapeseed, corn, Shanghai gold, coking coal, plastics, Zhengyou, etc. closed down.
[The Shanghai stock index fell below 2,800 points for the first time in more than two years, and the weight of the theme stocks rebounded and continued to fall]
The Shanghai Composite Index closed at 2,786.90 points, down 0.93%, with a turnover of 129.7 billion.
The Shenzhen Component Index closed at 9071.73 points, down 1.06%, with a turnover of 176.4 billion.
The GEM closed at 1543.66 points, down 0.17%, with a turnover of 62.7 billion.
Nylon, chicken, and new stocks were among the top losers, and Apple Futures, brokerages, and high-selling stocks led the gains.
3. [China's first white paper on China and the WTO] The State Council Information Office published a white paper on China and the World Trade Organization on the 28th. This is the first time China has published a white paper on this issue. The white paper pointed out that China's opening up to the outside world will not stop at fulfilling its commitment to join the WTO. In the face of surging but full of tortuous economic globalization, China conforms to the trend of the times and the development trend of the world, unswervingly expands its opening up to the outside world, and constantly creates a more comprehensive, deeper and more open pattern of opening up to a wider extent. Mutual benefit and win-win.
4. [Seven ministries and commissions such as the Ministry of Housing and Urban-Rural Development launched a special campaign for rectifying the real estate market in the 30 cities] The main targets of this special action include speculative real estate speculation, real estate “black intermediaryâ€, illegal and illegal real estate development enterprises and false real estate advertisements. Aspects. List of 30 cities: Beijing, Shanghai, Guangzhou, Shenzhen, Tianjin, Nanjing, Suzhou, Wuxi, Hangzhou, Hefei, Fuzhou, Xiamen, Jinan, Zhengzhou, Wuhan, Chengdu, Changsha, Chongqing, Xi'an, Kunming, Foshan, Xuzhou, Taiyuan , Haikou, Ningbo, Yichang, Harbin, Changchun, Lanzhou, Guiyang.
Market today
Raw material
Billet: The national billet market price has slightly increased. Today, Tangshan steel billet rose 20 yuan / ton, Shandong, Shanxi, Jiangsu steel billet rose 10 yuan / ton. Today, Tangshan billet straight hair transaction can be, warehousing spot 3660-3670 or so tax-included out of the warehouse with a small amount of transactions; period snail high shock, boosting market operation confidence, some varieties of finished products are sold at low prices, the overall display is general. Today, Shandong steel slabs rose 10 yuan / ton, Q235 billet factory 3630 yuan / ton, steel mills can take orders, billets sent to the south, large quantities of downstream inquiry, brokers cautiously wait and see.
Domestic mines: Some market prices of domestically produced main producing areas increased slightly. Hebei Tangshan price rose 5 yuan / ton, Qian'an price rose 10 yuan / ton, Wu'an price rose 5 yuan / ton. Specifically, the North China-Tangshan 66% dry-based tax-included cash factory is 635-645 yuan / ton, the west of the 66% dry-based tax-included cash out of 620-630 yuan / ton, Qian'an 66% dry basis tax-included cash factory 645-655 yuan / ton; Zunhua 66% dry basis tax-included cash factory 630-640 yuan / ton.
Imported mines: The spot market of imported mines is relatively inactive. Steel mills today have poor shipments and weak demand. This morning, the price of traders was stronger than yesterday. The price of PB powder in Rizhao Port rose slightly by 2-3 yuan/ton, and most traders quoted at 455-458 yuan/ton. The purchasing sentiment of steel mills is slightly a bit sluggish. Some steel mills have recently had poor sales, their attitudes are slightly pessimistic, and procurement is cautious. The whole day's turnover was slightly weaker than yesterday, but the transaction price was slightly stronger.
Steel spot
Construction steel: Today's domestic construction steel prices are adjusted in a narrow range. According to the specific price, the average price of 25 major cities nationwide was 4,126 yuan/ton, which was 10 yuan/ton higher than that of the previous trading day. The prices in East China, South China, Central China and North China rebounded slightly; the prices in the southwest and northwest regions continued to be weak; Prices in the Northeast are stable. Yesterday, the snails rose sharply, and the business confidence has obviously stabilized. Today, the merchants have more stable opening, the spot trading atmosphere is strong, the market transactions are heavily heavy, and some regions are affected by weak demand, and merchants have the willingness to loosely ship. On the whole, the demand in the off-season is not good. At the same time, from the market feedback, the arrival of goods in the later period has increased, and the operation of the merchants is still dominated by transactions. It is expected that the price of domestic building materials will maintain a narrow adjustment trend tomorrow.
Hot-rolled coils: Today's hot rolling prices in 24 major cities nationwide rose slightly. The average price of 3.0 hot-rolled coils was 4,328 yuan/ton, up 6 yuan/ton from the previous trading day, and the national average price of 4.75 hot-rolled coils was 4271. Yuan/ton, up 6 yuan/ton from the previous trading day. Today's futures market rose slightly, market confidence has been boosted, and merchants' offers have risen steadily. However, the current market demand has not improved significantly, and the transaction situation is not ideal. In terms of inventory, according to the statistics of this website, the national hot rolled inventory this week was 2.0613 million tons, an increase of 49,600 tons from last week. In the short-term, the majority of merchants operate mainly on shipments, and the market price rise is relatively weak. In addition, today's billet market price rose by 20 yuan / ton, the current price of carbon billet is 3,580 yuan / ton. On the whole, it is expected that the price of the hot-rolled market will fluctuate tomorrow.
Plate: Today's domestic plate market price consolidation, the average price of 20mm medium and heavy plate in 23 major cities nationwide is 4,400 yuan / ton, unchanged from the previous trading day. With the recovery of early market futures and billet quotations, the spot market has gradually improved and the regional prices have been adjusted back. On the other hand, the bearish sentiment in the short-term market has not been effectively improved. Although it has been boosted, the operating model is still dominated by shipments. It is expected that the domestic plate market price or weak consolidation will be dominated tomorrow.
Cold rolled coil: Today's national cold rolling prices rose slightly. Price: 1.0 national cold rolling average price of 4718 yuan / ton, compared with the previous working day price rose 3 yuan / ton. The main market price: Shanghai market 1.0mm WISCO coil plate offer 4670 yuan / ton, Guangzhou market 1.0mm Angang coil offer 4700 yuan / ton, Tianjin market 1.0mm Angang coil offer 4550 yuan / ton. Market: Although the performance of futures is still acceptable, the spot is still biased, and the overall market is stable. Only the prices of individual markets have risen slightly, with a drop of 10-20 yuan/ton. In terms of inventory, this website monitors 23 cities' inventories. This week, the cold rolled inventory was 1,144,400 tons, an increase of 19,900 tons from last week, and the inventory continued to increase. And the downstream procurement demand is still weak, the transaction is significantly reduced compared with last month, and the cost of the arrival of goods is high, the merchants are not willing to sell at a reduced price, and the cold rolling price is expected to fluctuate within a narrow range.
Section steel: Today, the domestic steel market price is weakly consolidating, futures and billets are picking up, and the spot market is temporarily stable. Specifically, the overall shape of Tangshan regional steel has a slight upward trend, with an overall increase of 10-20 yuan/ton. The turnover of angle steel is obviously active, the transaction of the work tank is slightly general, and the rebound of prices has caused the downstream demand to take off, and all traders took the opportunity to come out. The goods are supplemented by the library. East China's profile prices were consolidating, early market futures and billet performance rebounded, while spot market feedback transactions improved compared with the previous few days, so spot price quotes were cautious and bottom resources began to hold steady. The last business quotation in South China remained stable. However, in the case of steel rebound and steel billets, the business mentality has improved relatively. It means that the actual transaction discount will be reduced. However, the current demand is still weak, and the overall shipment is still weak today. At this stage, the market hopes that the rapid shipments will facilitate the timely replenishment of low-cost resources, while the release of demand is relatively more general. Therefore, it is expected that the short-term steel prices will maintain a higher probability of consolidation.
Steel pipes: Today's domestic pipe prices are rising and falling. In terms of varieties, the average price of welded pipes 4 inches * 3.75mm is 4362 yuan / ton, up 1 yuan / ton from the previous trading day; galvanized pipe 4 inches * 3.75mm national average price 5067 yuan / ton, compared with the previous transaction The daily drop was 4 yuan / ton; the seamless pipe 108 * 4.5mm national average price 5258 yuan / ton, down 6 yuan / ton from the previous trading day. In terms of pipe factory, Tianjin Youfa and Lida ex-factory prices were raised by RMB 20/ton, Tianjin Juncheng's ex-factory price was raised by RMB 30/ton, and Linyi mainstream seamless pipe factory was offering hot-rolling price of RMB 4,850/ton. In terms of welded pipes and galvanized pipes, raw materials and futures have risen, and pipe factories have also raised prices to stimulate shipments. Market transactions are not satisfactory. Traders still rely on shipments, and they have not followed suit. In terms of seamless pipes, due to the impact of high temperature and environmental protection, some construction sites have started to stop working. The market transactions are still general. Traders are quick to enter and exit, and short-term bearish. It is expected that the market price of steel pipe will continue to fluctuate and run weaker tomorrow.
Futures: Today's domestic black commodity futures rose across the board, trading volume, specific: yesterday's night trading period main contract 1810 rose sharply, the market bullish sentiment was strong, early trading companies actively pulled up 10 yuan / ton, in the shipment improved Under the circumstances, the market price continued to push up by 20 yuan / ton, and the cumulative increase of 30 yuan / ton throughout the day. According to feedback from traders, the current sales pressure of leading steel mills is not large, the policy is firm, and the cost of resources is rising at the bottom. In addition, market resources are still mainly concentrated in the hands of large investors, which have certain support for prices. In terms of transactions, today's downstream terminal purchases are obviously heavy, and the market trading atmosphere is also more active than the previous two days. The overall turnover exceeded 10,000 tons. In terms of inventory, affected by factors such as high temperature and rainy season, the resource digestion rate continued to slow this week, and steel mills and social inventories continued to rise slightly. As far as the current situation is concerned, the uncertainty of the trade war disturbs the futures market, which drives the spot market to rise. Under the high cost of the arrival of the goods, the market is actively rising, but as the inventory increases and the demand season comes, the short-term market still has some. Taking the snail as an example, the daily line closed on the shadow of the Yangxian line, rebounded on the 10th and 20th lines, and the short-term market disturbance factor, the above suggestions, the wait-and-see.
Led Spot Light,Downlight Spot Light,Spot Light Aluminum,Store Spot Light
JIANGMEN MICHEN LIGHTING CO.,LTD , https://www.jmledbulb.com