On July 4th, the steel price index fell

On July 4, the domestic steel spot market remained weak. Last weekend, there was no obvious improvement in market transactions. Therefore, the market opened on the 4th and the market still maintained a slight correction. The market's low-cost resources increased significantly. However, due to the rise in forward prices of domestic steel products on the 4th, which made the business mentality appear a certain turn for the better, the reduction in resource prices has weakened significantly, and some businesses are holding steady and cautious. At present, the stock of domestic steel market generally maintains a low level. Businesses are not optimistic about the market outlook and the tightening of funds. Therefore, they are not willing to take delivery of goods and provide strong support to the bottom of the weak market. On July 4th, the Myspic Composite Index was 173.6 points, down 0.06% from the previous trading day.

On July 4, the flat material index was 150.4 points, a decrease of 0.07% from the previous trading day. Among them, the medium-thickness index and the cold-rolled index fell by 0.11% and 0.16%, respectively, while the rest remained basically stable. In the plate market, the market in Nanchang and Changsha have fallen relatively large. The temperature in Nanchang has gradually increased, and the local phenomenon of precipitation has often occurred. This has had a relatively unfavorable impact on local market transactions, and the shipping status of merchants is obviously not good. In addition, due to the continuous tightening of the capital chain, the market sales pressure has gradually increased, and the willingness of some of the larger stockholders is very clear. Therefore, the market price continued to fall on the 4th, and the decline was relatively large. Changsha plate market weakened on the 4th. In the recent Changsha plate market, the arrival of some steel plant resources has become more concentrated and business inventory pressure has increased. In addition, the downward adjustment of steel prices has also caused the lack of business confidence, and the downstream weak demand has increased the price down space. . Therefore, due to various factors, the Changsha plate market continued to decline. On July 4th, the 20mm plate thickness of Nanchang market and Changsha market fell by 50 yuan/ton and 30 yuan/ton respectively compared with the previous trading day.

In the cold rolling market, the Tianjin market has seen a more pronounced drop. At present, the cold rolling market in Tianjin is running with heavy load. On the one hand, the downstream demand is hard to see improvement, which severely curbs the circulation and digestion of local resources. On the other hand, market inventories continue to rise, and some businesses are facing certain resource pressures and lack of upswing in the latter part of the market. In the case of confidence, quickly lighten up has become the main operating method for businesses. At present, the oversupply situation in the Tianjin cold-rolling market has not changed, and the market has difficulty in stabilizing and rising power. Therefore, it is expected that the short-term market will remain weak. On July 4, the 1.0mm cold-rolled market in Tianjin fell by 50 yuan/ton compared with the previous trading day.

On July 4th, the long products index was 197.7 points, which was the same as the previous trading day. On July 4, the domestic steel ** market oscillated upward, among which the screw main 1110 took 4792, up 1.25%. On July 4th, the domestic long products spot market remained stable, and some markets were tentatively rising. Affected by the continuous fall in domestic interbank lending rates, the pressure on market funds has eased. Businesses expect that the sales pressure in the later period may be weakened, and the willingness to continue falling will also be eased. In addition, due to the continued increase in low-cost resources in the previous period, market transactions in some regions have improved, which also gives some support to the resource prices. Judging from the overall situation of the current market, there is still no strong positive news to support the operation of the price. The operation of the market in the later period depends on the demand situation. If the transaction is difficult to recover obviously, the market will still operate weakly in the short term.