November 30 steel price latest market trend morning report

30 Nov 2022
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【Hot rolled coil】On the 29th, the hot-rolled spot price continued to rise slightly. The average price of 3915 yuan / ton in major cities across the country was 3915 yuan / ton, up 25 from the 28th, up 50% from last week. Shanghai 3910-3930 yuan / ton up 30 from the 28th, up 70 from last week, Lecong 3960-3980 yuan / ton up 40 from the 28th, up 70 from last week. Tianjin 3820-3840 is up 20 from the 28th, up 40 from last week. Yangang's tender price rose 30%. Rizhao steel spot price rose 30%. The price of billet rose 20 to 3580. Futures fluctuated at a high level after opening high on the day, closing at 3880, up 35, or 0.91%. Policy support for real estate financing has been strengthened, the CSRC has resumed the refinancing of listed housing enterprises and listed companies involved in housing, and the accelerated implementation of the policies mentioned after the central bank lowered the RRR is obviously beneficial to steel. However, at the same time, the impact of the epidemic and cold on downstream demand is increasing, and short-term prices continue to fluctuate.

【Cold-rolled coil】On the 29th, the average price of cold-rolled plate in major cities in the country was 4537 yuan / ton, up 6 yuan / ton from the previous working day and 5 yuan / ton from the same period last week. The price of cold rolling market rose steadily, of which the market price of Angang 1.0 cold coil in Shanghai was 4330 yuan / ton, up 20 yuan / ton; Tianjin Tiantie 1.0 cold coil 4230-4250 yuan / ton, up 10 yuan / ton; Lecong Liugang 1.0 cold coil 4320 yuan / ton, up 10 yuan / ton. Macro news Bullish support, futures strong volatility, strong raw material price support, cold-rolled spot market prices mainstream stability, individual regional markets have risen slightly, downstream procurement demand performance is not good, the overall market transaction is cold, most merchants maintain stable shipments. In the case of cost support and low inventory, the demand is limited, the market is in a dilemma, merchants are cautious to adjust, and the price fluctuation space is limited. It is expected that the short-term cold rolling market price may operate in a narrow range.
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