Domestic steel price decline on the 14th did not change raw materials

According to the latest monitoring data, on the 14th, the domestic steel spot market prices continued to fall as a whole. In the afternoon, prices in Beijing, Shanghai, Hangzhou and other places continued to decrease, and today the market generally fell by 10-30 yuan/ton. The domestic raw material market oscillated down. In the afternoon, the billet price in Tangshan fell by 10 yuan/ton, the price of imported ore continued to fall, the market of iron powder, scrap steel, pig iron and billet weakened steadily, and the coking coal was temporarily stable.

In the intraday trading today, the prices of construction materials in Shanghai, Beijing and Nanchang continued to loosen, and the prices of hot coils in Tianjin and Hangzhou dropped again. Looking from a nationwide perspective, the building materials, hot coils, and plate markets all showed declines, and the rate was mostly at 10-30 yuan per ton. Prices of some varieties in Beijing, Tianjin, Xi’an, Chengdu, Shenyang, etc. fell sharply.

In terms of sub-categories, the building materials, HRC, and plate market declined slightly overall, with the Beijing, Shenyang, and Chengdu building materials markets performing more, with declines generally in the range of 50-70 yuan/ton; Beijing, Shenyang, Chengdu, and HRC prices fell by an overall 50 -70 yuan / ton; plate market in Urumqi, Shijiazhuang, Shenyang, Harbin, Chengdu, the general price of 50-60 yuan / ton.

In the futures market, the trend of the domestic futures market continues to diverge. Non-ferrous metals and rubber have fluctuated in a narrow range, and varieties of agricultural products have generally risen. Among them, Shanghai Copper fell after the morning high, closing slightly up 2.28%.

Last night, European and American stock markets generally closed lower, LME base metals, New York energy and other varieties fell. Agricultural beans and other varieties rose, and corn and wheat dropped.

In the raw material market, the domestic raw material market oscillated downwards today, and only the ocean freight price continued to rise. As mine tendering continued to decline, the price index of Mysteel's imported ore fell sharply, and the current ore price continued to fall by RMB 10/ton. Purchases from demand-side companies stagnated; in the afternoon, billet in Tangshan fell by RMB 10/ton, with weak transactions; iron powder, billets, scrap, The price of pig iron steadily weakened and the coking coal price remained stable.

Fundamental US stocks were mixed overnight, and the major European countries’ stock markets had a decline of more than a point. Crude oil fell 1.6%, and gold fell 0.8%.

September CPI rose 6.1% year-on-year, food prices rose 13.4%; industrial product ex-factory prices (PPI) rose 6.5% year-on-year; central banks this week, net withdrawal of funds 9 billion yuan, ending the net placement; safe-haven buying, RMB central parity It fell for 3 days; it was reported that China would consider setting up a special agency to help SMEs solve the problem, and passed on some banks to relax their mortgage policies.

In September, the automobile production and sales volume exceeded 15% in both the chain and the small displacement increased significantly; the development planning of the advanced manufacturing base in the Guanzhong Tianshui Economic Zone was released; the key construction of the railway project will receive more than 200 billion yuan in financing support.