Medium steel net

At present, the real estate policy releases three big news.NftgamesearnmoneyReduce the cost of capital for housing purchase, stimulate residents' consumption, speed up the implementation of the policy of giving priority to employment, stabilize employment and increase income, cultivate and create consumption growth points, macro policies gradually shift from supply-side support to consumer support, and accelerate the trade-in of consumer goods. We will expand consumption of goods such as cars, home appliances, mobile phones and services such as culture and travel, and drive the expectation of capital investment. Black futures follow the upward trend. However, the contradiction between supply and demand at the industrial end is not very prominent, and the trading logic of the steel market changes to policy expectation to dominate. What is the trend of steel in the later period? Let's listen to the analyst's detailed analysis.

Factors affecting the price of steel

April examination and approval of total investment in fixed assets of 115.2 billion yuan

From January to April, the National Development and Reform Commission examined and approved a total of 50 fixed asset investment projects, with a total investment of 320.7 billion yuan, mainly concentrated in high-tech, water conservancy and other industries, according to the Deputy Director of the Policy Research Office of the National Development and Reform Commission and a spokesman for the Commission.NftgamesearnmoneyAmong them, 20 fixed assets investment projects were examined and approved in April, with a total investment of 115.2 billion yuan. We will expand effective investment and speed up the issuance of investment within the central budget and the issuance and use of local government special bonds.

With the issuance of ultra-long-term special treasury bonds by the state in 2023, capital investment has gradually landed on the project, driving the construction progress of the project, expanding the demand for steel, increasing employment, increasing residents' income, and driving consumption vitality to restore the driving force of economic growth. the expectation of market capital investment is enhanced, and the strong expectation of the policy leads to the operation of steel spot merchants, which is beneficial to the trend of steel prices.

New housing transactions in 10 major cities increased by 11% month-on-month.Nftgamesearnmoney.1%

Last week (May 13-May 19), the total transaction area of new commercial housing in 10 key cities was 205.Nftgamesearnmoney.580,000 square meters, an increase of 11.1% from the previous month, a decrease of 29.6% over the same period last year, and the rate of decline continued to narrow.

With the change of the direction of national policy support for real estate, from supply-side support to consumer-side support, the whole real estate market is in a positive recovery. The three major news released by the recent real estate policy have a significant impact on steel prices, drive rigid demand and improved housing demand, reduce housing costs, alleviate the pressure on residents to purchase houses, drive the vitality of real estate projects, increase steel demand, and improve steel price trends.

Iron ore futures stand on 908, a new high in nearly three months.

Data show that the main iron ore contract rose 1.68% to 908 yuan / ton. On the spot side, the total iron ore inventory imported from China's 45 ports on May 21 totaled 147.4 million tons, down 120000 tons from last Monday, but the queuing time for iron ore ships at the port was extended, the number of ships in Hong Kong rebounded sharply, and there was a marked rebound in the arrival of foreign mines.

Under the influence of the Singapore iron ore swap index breaking through 120 US dollars, the afternoon iron ore futures drove the domestic futures iron ore price, the steel mills are still expected to resume production, the average daily output of hot metal has rebounded, and the demand for iron ore is large. The raw material support of iron ore is not reduced, which is good for the trend of steel prices.

The spot market is stable and strong.

According to the APP data of Sinosteel:

Among the 24 markets of building materials, 6 markets rose 10-30 yuan / ton, and the average price of rebar 20mmHRB400E was 3830 yuan / ton, up 2 yuan / ton compared with the previous trading day.

Among the 24 hot coil markets, 5 markets rose 10-30 yuan / ton, and the average price of 4.75 hot-rolled coil was 3845 yuan / ton, down 2 yuan / ton from the previous trading day.

Among the 23 markets of medium and heavy plate, 8 markets rose 10-30 yuan / ton, and the average price of 14-20mm board was 3922 yuan / ton, up 5 yuan / ton compared with the previous trading day.

Futures holding red shock

On the 21st, black rebar rose 16 to close at 3746, up 0.43%; hot coil rose 13 to close at 3873, up 0.34%; coking coal rose 1.5 to close at 1736.5, up 0.09%; coke fell 1.5 to close at 2269.5, down 0.07%; iron ore rose 15 to close at 908, up 1.68%.

Comprehensive point of view

Macro policies continue to release positive expectations, black futures follow the upward trend under the logic of global inflation, the center of gravity of the spot price of steel moves upward, and iron ore once again stands at a high of 908 points under the guidance of the Singapore Iron Ore swap Index, iron ore prices are stable and strong. Although the purchase price of coke by some steel mills in Shandong market has been reduced by 110 yuan / ton and the raw material double coke is stable and weak, the ex-factory price of steel mills has remained high. Downstream projects due to the late high temperature, there is a rush period, the terminal is mainly on demand, steel prices are expected to rise steadily tomorrow, a range of 10-20 yuan / ton.

For an accurate understanding of steel price trends and suggestions, contact the analysis consultant: 1091479724