Steel Price Index rose 0.6% on April 7

On the evening of April 6, the National Development and Reform Commission once again raised domestic refined oil prices. The supply prices of gasoline and diesel (standard products, the same below) increased by 500 yuan and 400 yuan per ton respectively. The adjusted supply prices of gasoline and diesel were 8580 yuan per ton respectively. Yuan and 7,730 yuan, to create new highs.

On April 7, the domestic steel spot market rose significantly. On the previous trading day, the domestic steel futures price started to rise, driving the market price to rise slightly. After the price rises, the market volume began to pick up, giving rise to higher prices. On the 7th, the forward price of domestic steel products continued to rise, and businesses were eager to increase their enthusiasm. However, on the 7th, the terminal wait-and-see atmosphere of market demand reappeared and the market support weakened. At present, market players have different views on the future, some businesses believe that demand has begun to pick up, there is still room for growth in the later period, and some businesses believe that there is no real support in the current market, and later continue to take a higher pressure. But no matter what, the current business operation is still more cautious, and there is still wait and see for the market. On April 7, the Myspic Composite Index was 172.8 points, up 0.6% from the previous day.

On April 7, the flat product index was 152.7 points, up 0.5% from the previous day. Among them, the hot-rolled index and the medium-thickness index rose relatively large, with an increase of 0.7%. In the plate market, the Shanghai market and the Chongqing market rose more than the previous trading day. Shanghai's plate market rose a lot. In the previous trading day, the prices of mainstream prices in the local market rose significantly. The turnover was improved compared to the previous period. Most of the merchants had intraday pull-up movements, and individual merchants were limited to selling and closing. Opening on the 7th, the market continued to pull up enthusiasm, but the transaction follow-up efforts have weakened, so the market price did not go further, wait and see atmosphere renewed. The Chongqing plate market pulled up slightly on the 7th. With the rise in forward prices, the local market has also followed up, but the market demand has been unsatisfactory and has not been effectively released. However, since April is the traditional peak season, merchants have a better mentality and think that the market may rebound in the short term. On April 7, the Shanghai market and Chongqing market plate 20mm increased by RMB 50/t and RMB 30/t respectively compared with the previous trading day.

In the hot rolling market, the Wuhan market and the Chongqing market have gained a lot. The Wuhan hot rolling market rose significantly on the 7th. Under the expectation of long-term price increases and higher costs, the local market merchants have a better mentality and offer prices continue to increase. After the tentative upswing of the market on the previous trading day, the transaction was fair. Therefore, the prices on the 7th day saw relatively obvious compensatory growth. The current market sentiment was relatively stable, but it also took into account the risks that may arise after excessive increases. The operation is still cautious. Driven by the long-term price, the Chongqing hot-rolling marketplace has further increased its sales atmosphere, and the mainstream prices of businesses continue to rise. The market demand is also under the influence of buying and not buying, and the release is more obvious. The intermediary dealers have a stronger willingness to purchase and begin to receive small-scale goods. The recent decline in local market stocks, coupled with higher costs, the support is more apparent. On April 7, the 3.0mm hot rolled market in Wuhan market and Chongqing market rose by 40 yuan/ton and 50 yuan/ton respectively compared with the previous trading day.

On April 7, the long products index was 192.6 points, up 0.6% from the previous day. On the 7th, the domestic steel ** market fluctuated at a high level, among which the main screw 1110 received 4884 yuan, up 0.89%. Driven by this, the growth of long products in the spot market is also relatively obvious. Among them, the Guangzhou market and the Xi’an market have gained a lot. The long products market in Guangzhou was affected by the improvement of market turnover on the previous trading day. On the 7th, the mainstream prices in the opening market continued to rise. With the increase of trading hours and the increase in trading volume in the afternoon, some businesses raised the selling price again. At present, transactions in the local market are relatively active. Some businesses have started to stop the sale of restricted sales, businesses are willing to pull up, and the market support has increased. It is expected that it will continue to oscillate upwards in the short term. The price of Xi’an Long Products Market increased on the 7th. After the Ching Ming Festival, the demand in the domestic leading market was well released and the market transactions were fair. As a result, the local market followed the mainstream and the price actively rose. In addition, the local leading steel mills once again raised the price of long products, which has also played a powerful role in promoting the market. However, for the first time, the company is still cautious about its late-stage opinions. Because the rise is rapid and the risks are accumulating quickly, local businesses are not willing to sell their goods, and they still rely on shipments to avoid risks. On April 7, the HRB335 20mm thread in the Guangzhou market and Xi’an market rose by 60 yuan/ton and 80 yuan/ton respectively compared with the previous trading day.

In terms of regions, there was a large increase in the local market. However, due to the market demand has been on the 7th wait and see, so the future market can not be blindly optimistic, it is recommended that the operation is still based on shipments to avoid possible risks.