Steel mills continue to cut prices, and steel prices are running low
Date: 2021-12-23
Steel mills continue to cut prices, and steel prices are running low
On December 22, the domestic steel market fell mainly, and the ex-factory price of Tangshan billet was lowered by 30 to 4390 yuan/ton. In terms of transactions, the overall market purchase sentiment in the morning was generally normal, and sporadic purchases were just needed. In the afternoon, the market fell further, and the transaction became more and more deserted. The overall transaction continued to decrease compared with the 21st.
On the 22nd, the closing price of snails 4438 fell 0.94%, DIF and DEA were parallel, and the three-line RSI indicator was at 50-55, running between the middle rail and the upper rail of the Bollinger Band.
Recently, Handan City has officially issued a comprehensive treatment plan for air pollution in the autumn and winter of 2021-2022. From January 1 to March 15, 2022, in principle, the ratio of peak staggered production of steel enterprises shall not be less than 30% of the crude steel output of the same period of the previous year. %. According to estimates, in the first quarter of 2022, the average daily hot metal output during this time period will reach 85,000 tons, which is an increase of 18,000 tons compared with the average daily hot metal output in the fourth quarter, but this level is still lower than the average daily hot metal output before the production limit 3 Million tons.
Recently, steel mills have become more enthusiastic about purchasing iron ore, but heavy pollution occurs frequently in many places, and the expansion of steel production is still constrained. It is not appropriate to excessively increase the price of ore. At the same time, with cold winter weather, steel demand has shrunk significantly in late December. On the whole, the supply has not changed much this week, the demand has dropped significantly, the destocking of steel stocks has been blocked, and the fluctuation of steel prices has been weak.
Post time: Dec-23-2021
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