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Chinese steel market to adjust within a narrow range on August 24

Construction steel: Today the domestic construction steel market remained stable. According to Lange Steel network monitoring shows that the domestic major cities ?6.5mm high average price of 5059 yuan line (t value, the same below), up flat; domestic steel major cities ?25mm average price 4969 yuan, up flat. Dominant urban areas: Beijing 6.5 high-line 4990 yuan, 4980 yuan two rebar mainstream specifications, up flat; Shanghai market, the high line 5040 yuan, 4880 yuan rebar, remained stable. Morning Beijing, Tianjin and stabilize the main market as a whole, the major provinces and cities domestic market prices little changed. Market turnover was stable yesterday, the Beijing-Shanghai, Beijing and stable large shipments tons in 1500-2000, second-tier market, shipping is variable and in most areas was normal. Cost side remained stable, Tangshan billet market today morning transient stability run, the market transactions in general. Carbon Billet 4460 now, rectangular billet 4490, low alloy billet 4580; market price excluding tax 4240. Two-way cost and demand price stability contributed to the stable today. Rebar futures opened higher in early trading after the spikes failed, the price remained at the level of shock yesterday afternoon dropped slightly, eventually closed down $ 1, but little effect on the spot. Near the end of the business than to wait and see, reduced downstream procurement, price, lack of motivation, but supported by low stocks, there is no significant decrease in the market space. Expected shortly, and the prices will continue to drive steady trend was weak.

HRC: Today, the domestic hot-rolled coil market prices remain stable. The spot market continued this week, along with the shock of steel and the stock market showed consolidation market, U.S. stocks rose despite last night outside the plate, but Asia-Pacific stock index or credit rating by Moody's lowered Japan's influence there Pudie, the overall domestic stock index of steel are also lower, In addition to part of the city of Tangshan hot market, Anshan, Handan and other places of high resource exploration, the more quotes showing signs of stabilization. According to Lange Steel Information Research Center of the steel market, network monitoring shows: the domestic major cities 5.5mm hot rolled coil average price 4838 yuan, the average price unchanged from yesterday. Hot market transactions under the weak status of the comparative advantages of resources and the strong phase plate showed a more stable build "end" market, however, the market test of a long plate merchants intolerable heart, in the end to return the funds under the pressure, significantly higher prices than the weak. However, from there to the amount of stock index continues to explore high and fell twice after the show's strong point of view, the trend is still shocks firmer direction, while the hot spot market has also set the stage for the direction of the shock consolidation , late pressure is expected to ease in the back section, demand is expected to becoming a good case, there strong trend.

Cold plate: opening today, the domestic cold-rolled coil market prices rose slightly. According to Lange Steel Information Research Center, the market monitoring shows that 10 major domestic cities 1.0mm cold plate, the average price of 5553 yuan, up rose $ 6. Which rose 10 yuan Shenyang, Xi'an, up 50 other second-tier cities to maintain stability. Futures, stock quotes, electronic trading and volatility shock consolidation is no obvious limit to this market price. Although the cold-rolled coil market in some cities because of incomplete specifications and other reasons offer strong, but most traders confidence in the market outlook is limited, causing the market price is not the main reason is the strong market demand for a rebound on the outlook there is no confidence. Overall, the increase in market confidence than before, but long-term prices is still limited by the low confidence of market traders, expected short-term market price of domestic cold rolled coils will shock was up, the market upward direction without changing the signs of shock.

The board: today the opening, the domestic plate market prices flat. According to Lange Steel Information Research Center, the market monitoring shows that the average domestic price of major cities in 20mm plate 4881 yuan, up the price down $ 2. The leading cities fell slightly in addition to Beijing, the other cities the price stable. The face of the traditional sales season nine gold price coming, despite the recent market transactions is still light, but the business is still relatively optimistic. Raw materials, today's transient stability Tangshan billet market runs. Carbon Billet 4460 now, rectangular billet 4490, low alloy billet 4580; market price excluding tax 4240. Spot iron ore market remained stable, 63.5% powder to China and India price stability in the 185-187 U.S. dollars / ton (CFR). Data show that in early August the national average daily output of crude steel production of 1,941,900 tons, up 0.35% over ten days, crude steel output continues to remain high. Steel mills, August 24, Handan, Hebei Puyang Steel Plate lock price policy, based on yesterday's price: Plate prices down 20 yuan ,14-25mm thickness Q235A / B & P in board material executive lock in a price 46.8 yuan / ton, the same size Q345A / B low-alloy plate material based on the increase in the general board 180 yuan / ton, which lock down the price of 4860 yuan / ton; high-strength low-alloy plate in the general board based on the 240 yuan / t, which lock down the price of 4920 yuan / ton, more than the price of cash tax price. On the whole, the strong support of high raw material prices, domestic medium plate price is still bullish long-term, small fluctuations in short-term or continuing to run.

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