From the perspective of the market, this is also true. In the early market, the impulse can be sharply reduced. In the afternoon, the black department appears a diving market, and the early gains are all reversed. However, at the end of the day, the market barely closed up. All varieties show an upward position reduction. The snail still failed to come out of the box shaking pattern near 3300.
The spot market prices are up and down in different ways. The bottom prices of helix and hot coil are up slightly. Other varieties are stable and consolidated. Prices in some regions are still down slightly. Judging from the transaction situation of various regions, today's overall performance is slightly better than yesterday's, and the low-level transaction of long timber is relatively smooth, and the performance in the afternoon is relatively average. The trading of plates is still weak, but the performance of steel mills in receiving orders is good, mainly in the form of agreement orders, most of which are in the morning.
Yesterday, a Sino US trade news broke the silence of the market. The US Department of Commerce announced that it would start the exclusion procedure for China's $300 billion tariff list products from October 31. From October 31, 2019 to January 31, 2020, U.S. interested parties may apply to USTR for exclusion. The information to be provided includes the substitutability of relevant products, whether they have been subject to anti-dumping and countervailing duties, whether they have important strategic significance or are related to industrial policies such as made in China 2025, etc. If the exclusion application is approved, the duties already imposed since September 1, 2019 can be returned retroactively.
The above news boosted the market to a certain extent through the market deduction, and the futures started to rise in the night market first. However, due to the early release of this news, the impact on the market is relatively limited, and the market also lacks the driving force to continue to rise, gradually returning to the supply and demand fundamentals. At present, the output of steel mills is still rising, and the rate of destocking has not exceeded expectations, and the short-term performance is still The main tone of the shock is weakening, and the conditions for continuous inflation are not established until there is a strong interest. We should pay attention to the trend of the new inventory data.
In terms of price, the average price of Ф 25mm grade III deformed steel bars in key cities in China today is 3766 (ton price, the same below), up 1 yuan from yesterday; the average price of Ф 6.5mm high-speed wire in key cities in China is 4115 yuan, up 1 yuan from yesterday; the average price of 5.5mm hot-rolled coil in key cities in China is 3616 yuan, up 4 yuan from yesterday; the average price of 1.0mm cold plate in key cities in China is 4238 yuan, down 3 yuan from yesterday Yuan; the average price of 20 mm medium board in key cities in China is 3731 yuan, down 4 yuan from yesterday.
In terms of raw materials, today's Changli 150 * 150 plain carbon billet in Tangshan is 3350 yuan, 30 yuan higher than yesterday's price; the price of 61.5% grade Australian Pb iron ore powder in jingtanggang is 705 yuan, 5 yuan higher than yesterday's price; the price of quasi first-class metallurgical coke in Tangshan is 1860 yuan, even compared with yesterday's price.