Steel market on September 20th

Futures market

The main thread yield is 3104 (-21, -0.67%); Hot coil main collection 3302 (-22, -0.66%);

Iron ore 715 (-11, -1.51%); Coking coal 1513.5 (22%, 1.43%); Coke 1966 (-26, -1.31%).

During the day, the overall black market declined, and both finished products and raw materials weakened simultaneously, leading to a cautious decline in market sentiment.

Spot reference

The spot prices of mainstream building materials nationwide have slightly followed the market trend and the overall decline is not significant; Tangshan steel billets are priced at 3000 yuan/ton. The market quotation is differentiated, and some merchants offer discounts for shipments. The ex factory price of steel mills has not been significantly reduced yet.

Transaction supply and demand

The terminal still maintains the demand for goods, and the market speculation and stocking willingness are weak, resulting in a weak overall daily trading performance. Social inventory continues to decrease slightly, and the production of molten iron remains at a high level; The concern that demand during peak season may not meet expectations has intensified.