Last week (July 9th ~13), steel futures prices rose all the way, up to the afternoon of Friday, the rally was converging, and the price was down, with a weekly gain of around 200 yuan / ton. In the spot market of steel, the highest price of the main contract of screw steel and hot rolled coil board has set the new high since March, and the average price of spot steel has also risen about 100 yuan per ton.
Last week, screw steel futures prices rose all the way, falling down on Friday afternoon to close, but on the whole, it showed a rapid recovery. The price level was higher than the same period in June. The maximum price of the main contract is 4000 yuan / ton, reaching 3995 yuan / ton, which is 85 yuan / ton apart from the peak price in June. According to statistics, as of 22:59 in July 13th, the latest price of the 1810 contract of screw steel was 3959 yuan / ton, the settlement price of the last trading day dropped 15 yuan / ton, down to 0.38%, compared with last week's main contract price of steel screw 209 yuan / ton, up 5.57%. The latest prices for the 1809, 1901, 1905 and 1906 contracts of the rebar are 4036 yuan / tonnes, 3767 yuan / tonnes, 3588 yuan / tonnes and 3564 yuan / tonnes, respectively, down 0.34%, 0.48%, 0.32% and 0.41%, respectively, compared with the July 12th settlement price. 6.77%, 5.84% and 6.01%.
The price trend of hot rolled coil futures is much the same as that of rebar futures. Last week, the main contract price of the main hot rolling plate was also fluctuating. On Friday morning, the price level was higher than the same period in June. The maximum price of the main contract reached 4050 yuan / ton, which is 42 yuan / ton higher than the highest price in June. At 22:59 on July 13th, the latest price of the main contract for hot rolled coils was 4015 yuan per ton, down 12 yuan per ton from the previous trading day, down by 0.30%, and the main contract price of hot rolled rolling plate rose by 184 yuan / ton, up 4.80% compared with the same period last week. The latest prices for hot rolled coil 1901 and 1905 contracts are 3831 yuan / tonnes and 3683 yuan / tonnes, respectively down 0.85% and 0.75% compared with the previous trading day, and up 5.74% and 5.23% respectively compared with the same period last week.
Nevertheless, last Friday, the steel futures market has been substantially reduced, and the re emergence of a sharp fall has made the price increase considerably narrowed. At the same time, the spot price of steel and other sensitive varieties also took the lead. The high price transaction was obviously blocked, and the volume of market trading was obviously shrinking compared with the previous few days. In the context of the growing economic and trade frictions between China and the United States and the environment of high temperature and rainy season, the price of domestic steel is greatly increased by the tightening of local environmental protection policies.
On the supply side, some enterprises that have been cut down and cut off production due to environmental problems have been reproduced quickly and are expected to increase the supply of resources this week. However, the inventory level of mainstream steel mills is relatively low at present, and steel stocks in major markets are also declining. According to statistics, the key steel enterprises in the next ten days of June have reduced the average output of crude steel by 35 thousand and 600 tons, down by 1.79%, and the national average output of daily average is 36 thousand and 800 tons and 1.45%. According to monitoring, last week, 100 small and medium-sized steel enterprises blast furnace operation rate was 86.27%, the weekly ring ratio decreased by 0.84 percentage points. Within a week, the inventory of steel stocks in 29 key cities in China dropped by 3.74%, and the inventory of hot rolled coil decreased by 1.24%.
