Today's black futures fluctuated and turned red. Among them, the main iron ore of the 05 contract rose 1.39%, the coke rose 2.6%, the thread rose 2.52%, and the hot volume rose 2.4%.
The spot price of steel products is linked with the futures. Among them, the billet in Tangshan area rose by 40, and the narrowband mid-broadband rose by 20-30 yuan/ton, and the price of section steel rose and fell. The price of the thread market in Shanghai rose by 10-20, and the Hangzhou market rose by about 50; Shanghai Le From the hot coil market rose 70-80 yuan/ton.
Liantie fluctuated strongly, and traders' quotations were mostly stable. Market inquiries are still mostly concentrated in traders, and the transaction price has risen by about 10 compared with yesterday; today, the coke market is temporarily operating stably. The delivery of coke from steel companies has improved, and the inventory in the factory has improved. The pace of procurement by steel companies has slowed down, and individual steel companies have controlled the volume of arrivals.
The futures market fluctuated and rose, business sentiment improved, and the trading atmosphere in the steel market was slightly more active than in the previous period. The stocks of five major steel products have risen sharply this week, and there is still room for output to increase in the future, which may have a certain impact on the later price trend. Short-term steel prices are still high and consolidate.
