On the 8th of the month, it was cloudy. A wise man said that flowers have their blooming seasons, people have their luck, and there is no standard answer to life. Allow yourself to grow slowly and find beauty in the repetitive days. As long as you keep moving forward, why not slow down? Today, the sun in Shanghai is strong and the temperature is higher; in today's market, prices fluctuate and trading is smooth.
Negative pressure, futures screw fell; spot prices followed the decline, and trading was not active. On the previous trading day, the domestic construction steel market opened generally down, and was relatively weak during the session. The Shanghai market price fell sharply; last night, the foreign European stocks fell sharply, crude oil and gold fell, and the domestic black commodities fluctuated and closed red. In the morning session today, the prices of the national spot market were slightly differentiated: most fell, and a few remained stable. Specifically in the Shanghai market, the quotations were slightly lowered: among the warehouse resources, the prices of Huanghai, Binxin, Zhongxin, Guixin, Pinggang, Xilin, Zhongtian and other companies fell slightly, and the base price of some rebars was 3060-3160 yuan, and the price of coils was 3230-3280 yuan/ton; the prices of factory-exported resources were lowered, and the base price of Zhongtian and Yonggang rebars was 3090-3140 yuan/ton, and the difference of Yonggang coils was 200-210 yuan/ton. Some large households were stable and some were reduced, while retail households maintained low prices. Judging from the early trading quotations alone, the trend of Shanghai's construction steel market was weak, and the decline was reduced.
The price of high-quality products tended to be lower, and the price of qualified products was synchronized: the mainstream quotation of rebar was 3050-3060 yuan, and the price of coils was 3220 yuan/ton. The futures of screw fell in the early trading, and the spot price fell sharply; it tried to recover during the trading, but the sales volume still did not increase - yesterday's market was a joint decline of futures and spot prices, a release of panic, and a severe blow to the confidence of traders. The loss was unbearable when the price was reduced. In the early trading today, supported by the black series turning red in the night trading, the pace of the national market decline slowed down, and some parts showed signs of stability. Merchants hesitated between falling and not falling, and customers hesitated between buying and not buying. After the opening, spot transactions were not followed up in time: after nine o'clock, only scattered plans were reported at the construction site; before ten o'clock, small and medium-sized companies generally did not open - during this period, the main contract of the futures of screw "made a false move", turning from rising to falling, making the dealers' hope of "market reversal" come to nothing. After ten o'clock, traders shifted from virtual to real, focusing on shipments, and the actual transaction price also tended to be clear. For example, among the warehouse resources, the base price of "Changle series" rebar was around 3050-3060 yuan, and among the factory resources, the base price of Zhongtian rebar was mostly between 3090-3100 yuan/ton - both maintained the lowest price of the year. By noon, there was no obvious change in the transaction price, and the market transaction was dull. In the words of dealers: low prices can open orders and sales are large.
Throughout the morning, the futures rebar fluctuated and closed green, and the spot was adjusted at a low level; the terminal purchased on demand, and the market transaction was dull. From the price trend, the price of the leading resources is still lowered. For example, among the warehouse resources, the benchmark price of most high-quality rebar is 3050-3150 yuan, and the price of coil rebar is 3230-3280 yuan/ton; among the factory resources, the base price of Yonggang and Zhongtian rebar is 3090-3140 yuan, and the grade difference of Yonggang coil rebar is 200-210 yuan/ton. Compared with the same period yesterday, the prices of all resources fell by 10-20 yuan/ton; from the actual order situation, Shanghai's local demand is limited, and the surrounding market transactions are not hot.
In the morning, the futures of rebar were weak, and the spot price hovered at a low level; in the afternoon, the futures of rebar once dropped, and the spot price continued to be low. In the afternoon, rebar futures struggled after breaking through, and the main contract barely held the 3100 mark. The futures of rebar fluctuated downward, and the spot was listless. In terms of price, the quotations of large households remained basically unchanged, and small and medium-sized companies maintained low prices (for example, among the warehouse resources, the base price of earthquake-resistant rebar was 3050-3060 yuan, and among the factory resources, the base price of Yonggang rebar was 3130 yuan/ton); in terms of demand: due to the poor trend of futures, there was no batch plan at the construction site, and the market transactions did not pick up in the afternoon; throughout the day, the sales of large inventory households exceeded 2,000 tons, and small and medium-sized companies opened a small number of orders.
Today, the price of the Shanghai market fell slightly, and the surrounding markets were stable with a decline. Among them, the market-leading steel mills in Hefei fell again, and the market price fell slightly; the leading steel mills in Nanjing made up for the decline, and the market price loosened; the leading steel mills in Nanchang made up for the decline, and the market was consolidated at a low level; the market prices in Fuzhou and Xiamen were stable and lowered, and the transaction was general; the Hangzhou market opened steadily, with slight fluctuations during the session. In addition, the market price in Tangshan, Hebei Province opened today and was stable and lowered, and the ex-factory price of steel billets continued to weaken.
The spot price fluctuated and lowered, and the futures screw ran at a low level. Today, the main contract of Shanghai Steel Futures rebounded briefly in the morning, and then weakened again. It adjusted at a low level in the afternoon, and the closing settlement price of all contracts closed in the green. Among them, the rebar 2510 contract opened at 3158 yuan, the highest was 3171 yuan, the lowest was 3093 yuan, and the closing price was 3101 yuan, which was 38 yuan lower than the settlement price of the previous trading day. According to the national building materials market quotations tracked by Xiben Information, 81% of the cities fell in the morning, and some were stable and some were weak in the afternoon.
Everything in the world is causal, and the heart is free of worries and leisurely. Today, the price of Shanghai construction steel market is slightly weaker, and the demand is flat. Summary: The futures of rebar are weaker, and the spot price is slightly down; the sentiment is unstable and the price fluctuates at a low level. [Text] Xiben Shinkansen special commentator Ximalayafeng
