On the 3rd day of the hottest day, the steel Marke

2022-08-05
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On the 3rd, the morning post of the steel market: businesses continued to wait and see, and the steel price or weakness maintained stability

yesterday, the mainstream quotation in the domestic steel market continued a stable trend. By the end of the market, the average price of 20mm grade III deformed steel bar with improved effectiveness was 3777 yuan/ton, down 11 yuan/ton compared with the previous trading day; The average price of 20mm common medium plate was 3878 yuan/ton, a decrease of 12 yuan/ton compared with the previous trading day; The average price of 4.75mm hot coil was reported at 3849 yuan/ton, down 14 yuan/ton compared with the previous trading day

macro information: the net withdrawal of 25billion yuan in the open market this week remained loose. The open market realized net withdrawal for the seventh consecutive week. The central bank launched a 30billion 28 day repurchase yesterday. Due to the Tomb Sweeping Day holiday, the open market realized a net withdrawal of 25billion yuan in advance this week. Despite the net withdrawal for seven consecutive weeks, the interest rate of money market funds was still relatively stable yesterday. On Tuesday, the central bank launched a 28 day positive return of 30billion yuan. In the future, with the further promotion of the low-carbon economic development line, the operation intensity is reduced by 200million yuan compared with last Tuesday, and the interest rate continues to be flat at 2.75%, indicating that the neutral tone of the central bank in the open market has not changed

futures information: yesterday, the thread closed 3769, up 34. For example, the tension, compression, bending resistance, fatigue, stripping force, bending, etc. were boosted by the stock index. In the afternoon, the thread reduced its position and went up. However, there was a strong wait-and-see mood, and the power of multi head upward attack was insufficient. It is expected that the thread will run in shock today. It is recommended to carry out light positions before the holiday

cost market: yesterday, the ex factory price of Tangshan billet fell by 10 yuan/ton to 3230 yuan/ton; The price of Indian fine ore with a grade of 63.5% fell by US $0.5/t to US $137.75/t. In addition, new Fuzhou iron and Steel Co., Ltd. and Siping Modern Steel Co., Ltd. lowered the price of construction steel by yuan/ton yesterday

in a word, the futures market opened higher and went higher yesterday, and the demand for replenishment of stock in the market was not obvious. The merchants still mainly carried out cash out, and the transaction did not improve in an all-round way. The wait-and-see mentality of the merchants did not change. It is expected that the steel price in the domestic mainstream cities will stabilize and adjust today

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