Analysis of the steel market on February 8, 2022 - Shandong Jiugang Tisco Steel Co., Ltd.

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AnalysisofthesteelmarketonFebruary8,2022-ShandongJiugangTiscoSteelCo.,Ltd.

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Analysis of the steel market on February 8, 2022

Analysis of the steel market on February 8, 2022

【Construction steel】
On the 7th, the market price of building materials got off to a good start. The average price of rebar in major cities was 4,884 yuan/ton, up 61 yuan/ton from the trading day before the festival. The futures screw fluctuated widely after the market opened. The closing price of the main contract was 4847 yuan/ton, an increase of 83 yuan/ton from the settlement price of the previous working day, and a discount of 3 yuan/ton compared with the market price of Hangzhou Zhongtian screw thread of 4850 yuan/ton. After the market opened in the morning, only a few merchants offered quotations and the warehouse resumed the market. At present, the price of Shanghai Zhongtian factory for 16-25mm screw thread is 4820 yuan/ton, and the price of 8-10mm coil screw is 5100 yuan/ton. The whole market was not active in the morning. Hangzhou Zhongtian thread 16-25mm excluding hanging price 4850 yuan / ton coil screw 8-10mm price 5110 yuan / ton, which is a relatively mainstream price in the market. At present, the stock of rebar in Hangzhou has risen to below 600,000 tons, and merchants are mostly concentrated on the seventh day. , Go to work from the eighth to the tenth day of the first lunar month, the construction of the project is less, and the quotations in many places have risen slightly compared with the pre-holiday period.

【Hot Rolled Coil】
On the 7th, hot-rolled spot prices rose sharply. The average price in major cities across the country was 6993 yuan / ton, an increase of 99 weeks from the 30th, an increase of 99% from the previous month. Shanghai 6010-6030 yuan / ton rose 60 from the 30th, up 70 from last week, Lecong 6000-6020 yuan / ton rose 120 from the 30th, and 120 from last week. Tianjin 6950-6970 rose 100 from the 30th, up 100 from last week. On the 7th, the hot-rolled futures closed at 4980, up 35, or 0.71%. Yangang’s tender price was stable. The spot price of Rizhao Steel was stable. Judging from the supply and inventory situation after the holiday, the increase in production is significantly lower than expected, and the increase in inventory is still within the historical range of changes before and after the Spring Festival. Although the actual demand this week cannot be restored immediately due to the impact of the non-resumption of production, the price of steel billets has risen. Driven by the sharp rise in the price of finished products, it fell back in the afternoon session. In the short term, the price volatility is expected to be strong.

【Cold Rolled Coil】
On the 7th, the average price of cold-rolled sheets in major cities across the country was 6,676 yuan/ton, an increase of 53 yuan/ton from the previous working day and an increase of 53 yuan/ton from the same period last week. The market price of cold rolling is mainly rising. Among them, the market price of Angang 1.0 cold coil in Shanghai is 6490 yuan/ton, up 60 yuan/ton; Tianjin Tiantie 1.0 cold coil is 6450 yuan/ton, up 100 yuan/ton; Lecong Liugang 1.0 cold roll 6410 yuan / ton, up 50 yuan / ton. The market price of cold rolling is mainly rising, ranging from 30-100 yuan/ton. During the holiday period, the macro policy was favorable, and the accumulated inventory increased slightly. At present, some steel traders have opened the market. Driven by futures, the quotations in the cold-rolled market are mostly raised, while downstream terminals are gradually resuming production, resulting in poor market transactions. It is expected that the short-term market price will be stable and strong.

【Coating】
On the 7th, the national coated sheet market ushered in a good start. The average price of 1.0mm flowerless galvanized sheet in major cities was 6847 (ton price, the same below), an increase of 23 yuan compared with the previous day; the average price of 0.3mm galvanized sheet in major cities 5728 yuan, an increase of 33 yuan compared with the previous day; the average price of 0.47mm color-coated boards in major cities is 6942 yuan, an increase of 55 yuan compared with the previous day. On the first trading day of the Year of the Tiger, although most traders have not yet returned to the market, during the long Spring Festival holiday, the prices of external bulk commodities have risen. In addition, some steel companies in the north have limited production and reduced supply during the Winter Olympics. , the billet price rose first, and the coated sheet market generally rose. However, because the end users generally have not resumed work, there are few transactions. Tomorrow will be the eighth day of the first lunar month, and more merchants will return to the market. It is expected that the price of coated sheets will still have room for chasing up tomorrow. In terms of steel mills, the ex-factory price of galvanized steel in northern private steel mills generally rose by 100 yuan, and the ex-factory price of cold-rolled base material factories in Hanxing area rose by 70-100 yuan, and today’s price is 4,950 yuan.

【Seamless Pipe】
On the 7th, the domestic seamless pipe market resumed less work, and the quoted market price rose steadily, but the price increase range was not large. Only some markets in Shandong had a price increase of 50-150 yuan / ton, and the market transaction was small. At present, the market price of 108*4.5 seamless pipes in 33 cities is 5897 yuan/ton, which is 6 yuan/ton higher than that before the festival. Some seamless pipe factories in Shandong are still in a shutdown state and are expected to start work on the tenth day of the year. At present, the pipe factory has less raw material and pipe blank inventory and slightly more finished product inventory, but the pressure is not large. Large-scale state-owned steel pipe factories received better orders before the festival. All orders were filled in February, and some of them had already been received in March. It is expected that the market price of seamless pipes will be more likely to be stable and stronger tomorrow.

【Stainless steel】
The spot price of stainless steel rose in a narrow range on the 7th. Wuxi market: the quotation of 304 cold-rolled Taigang is 25,200 yuan/ton, which is stable compared with that before the festival; the quotation of Hongwang Resources is 26,400 yuan/ton, which is 100 yuan/ton higher than that before the festival; the quotation of 304 hot rolling is 25,800 yuan/ton. , more stable than before the festival. 200 series: Some of the 200 series rose today, 201J1 four-foot cold-rolled resources reported around 11000-11100 burrs, and J2J5 resources went to around 10400-10500 burrs, all showing an increase of more than 100. There are not many quotations in the Foshan market, except for a few Zhongda outdoor, or more officially resume work around the ninth and tenth day of the new year. In general, due to the weather in East China today, transportation is more difficult and transactions are normal. However, the price of raw materials continues to rise, and some resources in the market are raised within a narrow range. It is expected that it will continue to strengthen tomorrow.

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