Futures spot spot "stable" steel market lack of driving factors

Today, the domestic steel market high shock pattern continues, relatively obvious long and short see-saw, black again staged high drop prices, intraday turned red, period screw as high as 3770 yuan, iron ore hit a high of 835 yuan, but finally failed to keep the rise, three consecutive trading day shock closed negative.

Spot market price transaction with the fluctuation of the disk and appear some changes, morning futures rush high, low transaction general preference, the price slightly increased, afternoon rush high fall back, the overall shipping rhythm due to flat, merchants offer stable or slightly loose, plate slightly better than long material, slightly better than yesterday.

It can be seen that, although a few consecutive trading days appeared to adjust prices, but the space below is not large, once falling to the psychological level will be pulled up and shake, indicating that the current market is in a relatively balanced state.

In order to maintain the fund liquidity at the end of the month, the central bank carried out another 80 billion reverse repurchase today. At the same time, due to the counterattack of the epidemic, the market has increased expectations for the Fed meeting to ease, and the general tone of global monetary easing has given the market full expectations.

At present, the market upward temporarily encountered obstacles, downward regardless of the macro environment or cost, the demand after the plum is still supported by expectations, so the short-term high shock pattern continuation of the possibility of slightly greater, upward and downward all need a breakthrough force to break the current pull.

Prices, according to the monitoring data shows that, today, the domestic major cities Ф 25 mm tertiary rebar average price of 3739 yuan (tons of price, similarly hereinafter), yesterday fell 5 yuan.Domestic major cities Ф 6.5 mm line average price is 4014 yuan, from yesterday 4 yuan.The average price of 5.5mm hot rolled coil in key cities in China is 3904 yuan, up 5 yuan compared with yesterday.The average price of 1.0mm cold plate in key domestic central cities is 4,348 yuan, up 2 yuan compared with yesterday.Domestic key city 20mm board average price 3907 yuan, compared to yesterday up 2 yuan.

In terms of raw materials, today, tangshan changli 150*150 carbon billet 3370 yuan, more than yesterday flat;The 61.5% grade Australian PB iron ore powder price at Jingtang Port was 850 yuan, unchanged from yesterday.Tangshan area quasi - one - class metallurgical coke tax included to the factory price of 1860 yuan, flat compared with yesterday.