On June 21, the price department of the national development and Reform Commission and the price supervision and Competition Bureau of the General Administration of market supervision went to Beijing iron ore trading center to carry out research, learn more about the iron ore trading and price changes since this year, and held a symposium to study how to ensure the supply and price stability of iron ore and other bulk commodities.
The meeting pointed out that the sharp rise in the price of iron ore and its continued high level operation have increased the pressure on the production and operation of the middle and lower reaches of enterprises and aroused great concern from all sectors of the society. The State supports the healthy development of iron ore spot trading platform, encourages relevant market entities to trade in accordance with the law, and will pay close attention to spot trading price changes, timely check abnormal trading and malicious speculation, and severely punish and publicly expose behaviors such as reaching and implementing monopoly agreements, disseminating price increase information, coaxing price hikes and hoarding, Maintain good market order.
Steel futures fell sharply under pressure from national development and Reform Commission
In the afternoon, the national development and Reform Commission (NDRC) reported that it was under such an environment of pressure and assurance that the black futures market was greatly affected by market sentiment. Today, the black futures market fell all over the board, with iron ore leading the whole black market, plummeting nearly 9%, reaching a new low in nearly two weeks; Raw coke opened 2700, the overall low shock, also fell more than 5%; Coking coal fell by more than 4%; Thread futures 2110 contract opened at 5063, low in the night, received the low in the night before closing, and then dived to the opening of the day to speed up the downward, then the low fluctuated and fell by more than 4%, again fell below 5000 points, the lowest fell to 4885 yuan; The trend of hot volume is basically similar to that of thread, with a drop of more than 4%, and the lowest hot volume falling to 5166 yuan / ton. The trading volume of both is greatly reduced. At the end of the day, it was 4889 (- 215, - 4.21%), 5170 (- 230, - 4.26%), 1121 (- 108, - 8.79%) for iron ore, 1937.5 (- 84, - 4.16%) for coking coal and 2616 (- 149.5, - 5.41%) for coke.
Steel factory falls 300, Shagang falls 100
In terms of steel mills, the quotation continued to decrease, with a maximum drop of 300. Among them, the rebar of Shagang decreased by 100 in late June. The details of the price adjustment are as follows:
The rebar of Nanjing Iron and Steel Co., Ltd. will be reduced by 30 yuan / ton, Changzhi building materials of Shougang will be reduced by 50 yuan / ton, Chengdu Chengshi building materials will be reduced by 40 yuan / ton, Beijing building materials of Hegang will be reduced by 50 yuan / ton, Tianjin building materials of Hegang will be reduced by 50 yuan / ton, Yuhua high speed line of Wu'an will be reduced by 30 yuan / ton, Taihang building materials of Licheng will be reduced by 30 yuan / ton, thread steel of fuhaixin will be reduced by 20 yuan / ton, Changjiang iron and steel will be reduced by 100 yuan / ton Shanxi Gaoyi building materials reduced by 20-80 yuan / ton, Shanxi Jingang building materials reduced by 50-100 yuan / ton, Anyang Yongxing building materials price reduced by 100 yuan / ton, Shagang rebar reduced by 100 yuan / ton in late June, Shagang industrial wire rod reduced by 200-300 yuan / ton
Spot prices fell across the board, further amplifying the decline
In terms of spot price, with the sharp drop of futures steel, the decline was further enlarged and generally reduced, the bearish sentiment of the market was pushed up, the terminal purchasing was cautious, and the merchants were eager to ship. Recently, the state has paid close attention to the operating pressure of the middle and lower reaches of enterprises caused by the high price of bulk commodities, and the negative impact of the policy continues.
Among them, hot spot, market prices fell, downstream inquiry willingness is low, high transaction compensation, more bargaining transactions, the overall market slightly cool. In Shanghai, Fuzhou, Guangzhou, Changsha, Wuhan and other markets, hot coil prices fell by 110-140 yuan / ton, while other markets fell by 10-90 yuan / ton. The national average price of 4.75mm hot coil moved down to 5454 yuan / ton, 68 yuan / ton higher than yesterday.
Screw spot, weak adjustment, high market trading is obviously weak, the downstream orders are not good, the ability to take goods is limited, and the wait-and-see sentiment is obvious. Hangzhou, Jinan, Taiyuan, Shenyang and other markets rebar prices down 100-110 yuan / ton. Other markets range from 30-90 yuan / ton. The average spot price of the three snails in key cities in China is 5054 yuan / ton.
