Steel Market Briefing on September 15th

Futures market

Futures spiral 2701: narrow range oscillation, afternoon session 3102, slight upward trend;

Hot roll 2701: weak oscillation, afternoon session 3307, slight decline;

Iron ore 2701:706.5, slightly weakened; Coke 2054.5 is relatively weak; Coking coal rebounded slightly in 1592.

The overall range of the black series is fluctuating, with a long short game, and the expected peak season has not yet fully landed.

Spot reference

The mainstream average price of 20mm third grade thread nationwide is 3315 yuan/ton, slightly lower than the previous day; The national average price of 4.75mm hot coils is 3330 yuan/ton, with a slight decline. Market regions are differentiated, with some cities maintaining stable prices and a few cities experiencing slight fluctuations. The willingness of steel mills to raise prices still exists, but downstream procurement tends to be cautious.