The price of hot coils in Tangshan has slightly weakened, with the mainstream quote being 482USD/TON; The price of medium and thick plates decreased by 2.5USD/TON, and the ex factory price of Tangshan hot coils continued to fluctuate. The market sentiment remained relatively stable, and cautious observation was the main approach. The market is generally waiting for positive news to come to fruition, and the fundamentals of the coil board have not changed much, making it difficult for prices to fluctuate significantly
The ex factory prices of welded pipes are stable but gradually weakening. Tianjin straight seam pipes are priced at 525 USD/TON, Tangshan straight seam pipes are priced at 506 USD/TON, and steel pipes are priced at 449 USD/TON. Due to the fluctuation and adjustment of the snail market, the price of raw material strip steel has weakened. Market merchants are cautious in their quotations, while downstream demand based procurement is the main focus, resulting in overall weak transactions.
Today's prices are steadily rising. The ex factory price of steel billets in Tangshan area has increased by 1.5 USD/TON; The factory price of Tangshan strip steel is stable; The Shanghai building materials market has stable prices; The price of Shanghai hot coil market has increased by 2.5USD/TON; The transaction price of imported PB powder in Tangshan has increased by 1USD/TON; The price of coke in Shanxi region is stable. The black colored disk is oscillating strongly. Contract 05 saw a thread increase of 0.14%, Contract 05 saw a hot coil decrease of 0.17%, Contract 01 saw an iron ore increase of 1.25%, and Contract 01 saw a coke increase of 1.55%.
This week's steel data shows a slight decrease in production, maintaining a downward trend in inventory, and a slight increase in demand. Overall, although it is currently in the traditional off-season for steel consumption, the characteristics of the off-season have not shown any signs, and it still takes time to trigger the contradiction between steel supply and demand. Today, it was reported that Shanxi Coking Coal Group may have a production reduction plan in December, and the supply side is expected to reduce production. Market confidence has been boosted to some extent, and the dual coke sector has experienced a stage rebound, with cost support gradually increasing. In the short term, under the conditions of a relatively warm macro atmosphere and the absence of fundamental contradictions, prices are prone to rise but difficult to fall. We will pay attention to the impact of economic work conference policies on the market in the future.
