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Home > Sellinglist - Steel futures prices rebound sharply February 13, 2020

Steel futures prices rebound sharply February 13, 2020 steel plate

  On the opening day of 2.13, there was a wave of rapid rebound in the domestic black system. Iron ore, which has been suppressed recently, surged more than 4%, and the transaction volume was enlarged to 1.27 million hands. Above 3%, the snails and hot coils broke through the interval of 3,300 yuan, which was an integer oscillating repeatedly. The highest was once approaching 3,500 yuan. However, after rising in early trading, the gains slightly retreated. As of the close of the market, the main positions were both short and long, and the shorting margin was slightly larger than long.

  The spot market did not follow the uptrend. Spiral prices temporarily stopped falling and stabilized. Some sensitive market prices rose slightly. Most of them remained stable or fell slightly. Sheet prices maintained a downward trend. Only the decline was narrowed. The actual market There are few transactions, and most of them are currently focused on future operations.

  In general, the most important factor in this wave of rebound is the operation of large funds using market sentiment. At present, the fundamentals of the spot market do not support continued upward price breakthroughs, as the continuous rise in prices requires constant positive stimulus from the epidemic situation and the macro perspective. Once the positive expectations are fulfilled in a concentrated way, new benefits and demand cannot be followed up in time, and the realistic component will become the dominant factor. Therefore, we must be alert to the risk of repeated or reversing the market after the rapid pull-up. Until the epidemic situation is fully controlled or disappeared, and demand is fully released, steel prices will really usher in a turning point in prices.

  In terms of prices, according to monitoring data, today, the average price of Ф25mm three-level rebar in key cities in China is 3689 yuan (ton price, the same below), an increase of 1 yuan from yesterday; 1 yuan higher than yesterday; the average price of 5.5mm hot-rolled coil in key domestic cities was 3581 yuan, down 10 yuan from yesterday; the average price of 1.0mm cold plate in key domestic cities was 4362 yuan, 3 yuan lower than yesterday; domestic focus The average price of a city's 20mm medium plate was 3,671 yuan, down 5 yuan from yesterday.

  In terms of raw materials, today, Changli 150 * 150 ordinary carbon billet in Tangshan area is 3300 yuan, which is the same as yesterday; the price of 61.5% grade PB iron ore in Jingtang Port is 605 yuan, which is the same as yesterday; The tax-to-factory price was 1,960 yuan, which was unchanged from yesterday. (source from zh818.com)

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