Today's hot spot
Today's futures market opened lower and then warmed up, but still did not play a role in boosting market confidence. Business operations are still cautious. After last week's gains gradually narrowed, and some even fell, today's steel market is also difficult to get out of the weak consolidation pattern. Even the leading rebar mills in East China have raised their mid-term ex-factory price by RMB 30/ton. Overall, the high cost still has support, but after the Qingdao summit, the steel mill may have a certain resumption of production, coupled with the advent of the hot and rainy season, the demand is facing a test. In summary, the domestic steel market is expected to remain at a high level and weak.
Macro hotspot
1. [Domestic commodity futures closed at the same time, manganese and silicon led the rise] Manganese silicon closed up 1.9%, plastics, iron ore, Shanghai silver, Zheng alcohol, Shanghai zinc, Zheng cotton, cotton yarn, ferrosilicon, Shanghai lead, Shanghai gold, Shanghai copper, thread, hot coil, etc. closed up. Asphalt, rubber and Zheng coal closed down more than 1%. Vegetable, apple, egg, Zhengyou, Shanghai nickel, coking coal, palm, crude oil, corn, sugar, Shanghai tin, soybean meal, glass, coke, Shanghai aluminum and so on closed down.
2, [Shanghai stock index hits another year low, CDR plate pulls against the trend]
The Shanghai Composite Index closed at 3052.78 points, down 0.47%, with a turnover of 143 billion.
The Shenzhen Component Index closed at 10175.35 points, down 0.30%, with a turnover of 177.9 billion.
The GEM closed at 1688.62 points, down 1.34%, with a turnover of 58.2 billion.
3, [New Beijing News: supervision window guidance, CDR fund is not rushing scale] It was learned from many people familiar with the matter that the regulatory agencies have provided window guidance for the sales of CDR funds, and proposed that the issuance of six funds will be steadily advanced, not rushing to scale. Two or three billion is about the same. In addition, some fund companies have irregular sales promotion, insufficient risk warnings, etc., and are currently adjusting and rectifying to avoid misleading investors.
4. [The State Council issued a document to promote the revitalization of dairy industry to ensure the quality and safety of dairy products] The main goal is that by 2020, the structural reform of the supply side of the dairy industry will achieve substantial results, and the comprehensive production capacity of the dairy industry will be greatly improved. 65%, the milk source rate is kept above 70%; the quality and safety level of dairy products are greatly improved, and the qualified rate of product supervision and sampling is over 99%. Increase policy support: Encourage social capital to establish dairy industry funds in accordance with the principle of marketization, strengthen financial insurance support, encourage financial institutions to carry out credit product innovations such as dairy live loans and farm mortgage loans, and explore the target price of raw milk. Insurance pilot. Improve the competitiveness of dairy companies: Encourage mergers and acquisitions, increase industrial concentration, and foster dairy companies with international influence and competitiveness.
Market today
Raw material
[Steel billet] Today's Tangshan market is stable, the current carbon 150 billet reported 3670 yuan / ton, 165 rectangular billet 3670 yuan / ton, 20MnSi billet 3770-3790 yuan / ton. In the early trading, the straight billet was sold in general, and the stock spot was 3,740 yuan/ton. The tax included in the warehouse was sold at a low price. The high price was temporarily waited for, and the steel futures oscillated downward. Some varieties of finished products could be sold, and the overall price was general.
[Domestic mine] Part of the market price of domestically produced main producing areas rose. 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 price of early-imported import traders was basically stable compared with last Friday. The mainstream price of PB powder in Shandong area was 460 yuan/ton, and the mainstream price of PB powder in Tangshan area was 465 yuan/ton. In the intraday trading, the iron ore futures held a red run, and some traders raised the offer price by about RMB 5/ton. At the beginning of the week, the transaction sentiment was not good. Due to environmental protection policies, the steel mills still rely on on-demand replenishment. The frequency of picking is slowing down. In the afternoon, the transaction was slightly heavy, and the transaction price was stable and strong.
Steel spot
Construction steel: Today's domestic construction steel prices are weakly adjusted. In terms of specific prices, the average price of 25 major cities nationwide was 4166 yuan/ton, which was 10 yuan/ton lower than that of the previous trading day. Except for the stable prices in the northeast and southwest regions, Jinan and Nanning fell significantly, with a drop of 50 yuan. / ton, the rest of the region fell by 10-30 yuan / ton. Specifically, in the early trading period, the snails opened lower and the snails opened lower. The spot prices of many merchants were slightly loose. The intraday snails were driven higher, and the market trading atmosphere turned warmer. In the late afternoon, the snails continued to move upwards, the market volume was obvious, and the low resources were reduced. Today, East China's leading steel mills introduced a mid-term policy, and the price was raised by 30. There was no replenishment in the previous period, and the support for business costs was strengthened. In addition, the news of steel mills' resumption of production was undecided, and the business mentality was more cautious. On the whole, domestic construction steel prices are mainly fluctuating within a short period of time.
Hot-rolled coils: Today's hot rolling prices in 24 major cities are weak, and the national average price of 3.0 hot-rolled coils is 4,367 yuan/ton, down 7 yuan/ton from the previous trading day, and the national average price of 4.75 hot-rolled coils. 4309 yuan / ton, down 6 yuan / ton compared with the previous trading day. Today's futures market fluctuated and operated, the market wait-and-see mood was strong, and the merchant's offer fell steadily. At present, the market inventory is relatively small, the sales pressure of the merchants is not large, and the willingness to fall in price is not strong. However, the overall demand is weak, the transaction is relatively general, and the price increase is weak. In the short term, supply and demand are relatively balanced, and there is little room for price fluctuations. In addition, the market price of steel billet remained stable today, and the current price of carbon billet is 3,670 yuan / ton. On the whole, it is expected that the price of the hot-rolled market will fluctuate tomorrow.
Plate: Today, the domestic plate market price fell slightly. The average price of 20mm plate in 23 major cities nationwide was 4453 yuan/ton, down 9 yuan/ton from the previous trading day. In the early trading market, the performance of the futures market has weakened. Although the billet has remained stable, the overall market transaction situation is not good. Therefore, most regional quotations in the morning have high adjustments to promote spot transactions. In the afternoon, the market turned to wait and see. In view of the strong inventory and cost support of the current spot, it is expected that the domestic plate market price will be consolidating at a high level tomorrow.
Cold rolling: Today's national cold rolling prices are rising and falling. Price: 1.0 national cold rolling average price of 4729 yuan / ton, compared with the previous working day price rose 2 yuan / ton. The main market price: Shanghai market 1.0mm WISCO coil plate offer 4660 yuan / ton, Guangzhou market 1.0mm Angang coil offer 4710 yuan / ton, Tianjin market 1.0mm Angang coil offer 4590 yuan / ton. Market: Due to poor demand in North China, Tianjin fell 30 yuan / ton; South China and Central China market resources are less, Liugang has not arrived in the market for many days, Pangang's early maintenance, etc., resulting in the market out of stock, and Baowu is going to Out of the price, traders have a tentative pull up, Qingdao, Wuhan, Chengdu and other places raised the price of 20-30 yuan / ton. The bidding of Baosteel, most of the pre-judgment prices rose, affected by Baosteel's bid, it is expected that the cold rolling price will rise mainly tomorrow.
Profiles: Today's domestic steel prices are weak and consolidating. The average price of Gongjiao trough is slightly down by about RMB 10/ton, and most areas of H-beam large size are loose. Specifically, the steel section was consolidated in the early morning, and the angle steel dropped 20 yuan/ton. Most of the transactions were concentrated on low-cost resources, high-priced resources were blocked, and overall transactions were generally weak. In the afternoon, the turnover of the work tanks improved significantly, the trade words canceled the concessions, and the futures fluctuated upwards. The market sentiment turned better, and the downstream merchants also increased their prices. East China market is still weak in early trading, but the willingness of merchants to fall in price is not strong. In view of the support in terms of cost and inventory, the quotation is still dominated by consolidation. The price in South China is basically stable today. However, due to the unsatisfactory turnover in the past few days, many merchants have indicated that the actual shipping price has a small discount. Recently, new resources have arrived, but the total amount is not much. There are still some specifications in the market. It is expected that the recent spot price will have cost and inventory support, but due to careful consideration, the loosening phenomenon in the quotation is gradually increasing.
Steel pipes: Domestic pipe prices are basically stable today, and some cities have slightly adjusted. In terms of varieties, the average price of welded pipe 4 inch * 3.75mm is 4427 yuan / ton, down 2 yuan / ton from the previous trading day; galvanized pipe 4 inch * 3.75mm national average price 5253 yuan / ton, compared with the previous transaction The daily drop was 8 yuan / ton; the seamless pipe 108 * 4.5mm national average price of 5253 yuan / ton, smoother than the previous trading day. Regarding the pipe factory, the prices of Tianjin Youfa, Lida and Juncheng have not been adjusted. The hot rolling price of Linyi mainstream seamless pipe factory is 4800-4850 yuan/ton. In terms of welded pipes and galvanized pipes, the market transactions are general, traders are still mainly shipping, the market mentality is empty, and the enthusiasm for stocking is not high. In terms of seamless pipes, supported by cost, the pipe factory has a strong willingness to price, the market is generally poorly shipped, and the traders are not motivated to replenish goods. It is expected that the market price of steel pipe will be weakened and run at a weaker level tomorrow.
Futures: Today's domestic black commodity futures fluctuated broadly, with iron ore leading the disk, finished products second, and double-joint performance weak. Specifically, today's steel mills in East China ushered in mid-June centralized price adjustment, Shagang rebar rose 30, Pan snail rose 50, high line rose 50, steel mills concentrated the price to make the market support, confidence in the market Some have been boosted, and the market has stabilized and rebounded slowly. In terms of raw materials, there has been a certain increase in double-focus, and iron ore has shown a certain increase in space. The overall trend remains bullish. Taking the snail as an example, the daily line closed down under the shadow of the Yinxian line. After the intraday sharp decline, the plate finally stabilized at 3800. After two consecutive days of washing, the 3800 area has strong support and will continue to rise in the short term. Low to do, scrolling based.
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