According to the "2016-2021 China's large steel industry market operation and industrial development trend Research report" market monitoring shows that on April 26, the average price of 20mmHRB400E rebar in the country is 3100 yuan/ton, an increase of 29 yuan/ton from the previous trading day. The average price of 20mm general board is 3123 yuan/ton, an increase of 20 yuan/ton from the previous trading day. The average price of 3.0mm hot roll is 3305 yuan/ton, up 11 yuan/ton from the previous trading day.
In the market, steel prices continued to rise last week, and local prices fell over the weekend. Fear of heights leads both traders and downstream users to purchase cautiously. Driven by high profits, the current normal production enterprises use all methods to raise production, and the future East China, Central China, Tangshan will have some blast furnace resumption, blast furnace operating rate will be further improved, but the increment is limited. Social inventory continues to decline significantly, in addition to the peak season demand, the pressure caused by the continuous rise in prices has also led to a reduction in merchants' replenishment. At present, there are still many favorable factors, but because the price is already at a high level, in the absence of obvious favorable stimulus, the price is mainly stable, and there are chaotic fluctuations in the local area.
In terms of raw materials, the weekend price of Tangshan billet rose by 70, now 2580 yuan/ton, after the rise of Tangshan billet directly blocked transactions, business operation caution, expected today or downward.
On the morning of the 22nd, the central bank carried out a 7-day reverse repurchase operation by way of interest rate bidding, with an operation volume of 240 billion yuan on the day, and the winning interest rate of 2.25%, the same as the previous period.
In April this year, electricity consumption continued the trend of moderate recovery, among which, the tertiary industry developed rapidly, but the secondary industry is still at a low level. In addition, the regional differentiation of electricity consumption and economic growth in various places is serious, the bitterness and happiness of enterprises are uneven, and the central region has risen to a leading position.
As of yesterday, 28 provinces in the country announced the first quarter GDP report card: Chongqing and Xizang led the country with a growth rate of 10.7%, and Guangdong, Jiangsu and Shandong continued to sit firmly in the "trillion club".
Overall, steel prices continued to rise last week. At present, there are still many positive factors, but because the price is already at a high level, in the absence of obvious positive stimulus, today's price is mainly stable, and local chaos and volatility. Building materials have adjustment space of -20-60 yuan/ton or so.
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