The August 4 Steel Price Index Rise

On August 4, the domestic steel spot market slowed down. In recent days, the domestic steel market continued to increase under the influence of cost. Although the demand transaction has recovered, it has not yet returned to normal levels. Therefore, the market will turn into a consolidation trend again without too much favorable support. Obviously slowing down. At present, the domestic steel market price is generally at a high level. Under the support of high cost and low inventory, the market price performance is strong, but the upward momentum is not enough. The current business mentality is relatively calm, for the short-term market is still bullish, but the current price would like to further increase significantly, but also need more supportive news. On August 4, the Myspic Composite Index was 177.8 points, up 0.07% from the previous day.

On August 4, the flat material index was 153.3 points, up 0.06% from the previous trading day. The domestic flat products index showed stable growth. The market for flat product varieties around the country remained basically stable today, and the market continued to increase in a small number of regions. Among them, the cold rolling market in Beijing and the Zhengzhou plate market have seen relatively large gains. Today, the Beijing cold-rolling market has steadily risen. Businessmen are generally optimistic about the market outlook. The recent increase in billet prices, coupled with a lower percentage of orders for Shougang this month, and Tangshan Steel overhaul this month, production was significantly affected, making the cold rolling supply side of the price support a greater role in the market played a certain warming effect. In addition, after a period of sluggish growth, the automobile market has shown signs of recovery in the near future. The demand for cold rolling will be guaranteed in the latter period, and it will also provide some support to the confidence of businessmen. Affected by the above two factors, today's Beijing cold rolling market price is raised by RMB 30/t again.

Today, the Zhengzhou plate market has pulled up slightly, and the state market plate stocks are generally low, among which the Pu plate resources are very scarce. In addition, due to the stimulation of upward adjustment policies by steel mills such as Puyang and Wenfeng, and the strong reluctance to sell goods by merchants, The stable market followed the trend and formed a clear impact on the market mentality. In terms of transactions, the rhythm of the shipments of Zhengzhou plate and plate merchants has been relatively stable recently, but shipments are not large. However, due to shortage of resources, the willingness of merchants to ship is not strong, which supports the price. On August 4, Zhengzhou market plate 20mm rose 30 yuan/ton over the previous day.

On August 4th, the long products index was 204 points, up 0.09% from the previous trading day. The price of domestic steel products ** fluctuated at a low level today, with the main screw 1110 closing at 4980, down 0.2%. Today's domestic long products spot market is basically stable, and a small number of merchants adjust their quotation. The Nanjing market dropped slightly, and the Nanning market continued to increase. The long products market in Nanjing fell during the day. From the market's understanding, due to the continued high temperature and rain in the locality, the site construction was very unsatisfactory, and the terminal purchasing enthusiasm was poor, so the business offer dropped slightly. In addition, as the profit margin of the thread is relatively large, some local steel mills have increased production rumors, and businesses are afraid that the supply pressure will increase in the later period. Therefore, they want to ship Poly first, and call back the quotation. Today, the long steel market in Nanning continues to push up. This morning, the local leading steelmaker Liu Gang raised the long product price by RMB 50/ton again. Affected by this, the local merchants' quotation will rise again. According to the market's reflection, the actual transaction in the Ning market is relatively light, and some businesses have not followed up, but due to the small amount of resources, the low price has also been reduced. On August 4th, the HRB335 20mm thread in the Nanjing market dropped by RMB 20/t from the previous trading day, and the Nanning market rose by RMB 30/t.