On April 14, the domestic steel market price was firmer. Although the market turnover is still not good, the rapid recovery after a slight dip in forward prices has given businesses more confidence. On the 14th, domestic steel mills continued to increase the factory prices, which again led to a slight increase in market prices. However, the current state of mind is still more cautious business, the market trend is not blindly optimistic. On April 14, the Myspic Composite Index was 175.3 points, up 0.1% from the previous day.
On April 14, the flat product index was 154.5 points, up 0.3% from the previous trading day. The hot-rolled index and medium-thickness index increased relatively, reaching 0.4% and 0.3% respectively. In the hot-rolling market, the music market and Xi’an market have seen relatively large gains. In the Lecong market, on the afternoon of the first day of the stock market, the electronic trading volume rose sharply near the end of the day. Affected by this, Lecong's confidence resumed and the selling price was also raised. On the 14th, the forward price was opened higher in the morning and the market shipments on the afternoon of the previous trading day had improved. As a result, low-cost resources were brought closer to high levels, and the mainstream prices were slightly higher. Currently, the market is still shipping, but the high level of resources is weak, and businesses are still cautiously watching the market. The Xi'an market was affected by the increase in hot rolled prices in leading markets such as Shanghai and Tianjin on the 14th, and local businesses also rose slightly. At present, the demand in the local market is relatively flat, but there are not many market resources. In line with the continuous upward adjustment of the steel factory price policy, the market price support is relatively large. However, taking into account the potential risks, the business mentality is still cautious, mainly to ship. On April 14th, the hot-rolled 3.0mm of Lecong and Xi’an markets both rose by RMB 20/t over the previous trading day.
In the plate market, the Shanghai market and the Chongqing market have seen relatively large gains. The Shanghai plate market rose steadily on the 14th. As the forward price rose, the local market price generally rose slightly on the 14th. Businesses pulled up a stronger mood. The transaction in the local market was mixed, and some varieties of resources were traded, but there were also active transactions. Businesses generally believe that the future transactions will continue to pick up, and the mentality is relatively good. Chongqing plate market rose a lot on the 14th. The long-term opening price has given the market greater confidence. In addition, local spot resources are in short supply. Merchants' willingness to ship is not strong, and reluctance to sell is more obvious. Therefore, the quotations are also raised. For the later period, businesses are generally cautiously optimistic. It is expected that the local market will continue to fluctuate in the short term. On April 14th, the Shanghai market and Chongqing market plate 20mm increased by RMB 20/t and RMB 50/t respectively compared with the previous trading day.
On April 14, the long products index was 196.2 points, up 0.1% from the previous day. On the 14th, the prices of domestic steel products ** opened higher and higher, with the main screw 1110 closing at 4,907 yuan, up 0.43%. On the 14th, the spot market price of long products was basically stable, with Shanghai and Shenyang slightly rising. Shanghai building materials market performance on the 14th strong, the turnover in the past two days is relatively flat, for the business is not ideal after the increase in the price of shipments, but with good confidence under the support of most businesses continue to remain cautiously optimistic attitude While the mainstream prices continue to remain strong, the market has found it difficult to find too many low-cost resources. The Shenyang Long Products Market was slightly raised on the 14th. Currently, the inventory of Shenyang Long Products Market has decreased significantly compared with the previous period. With the increase in price of **, business confidence has increased. At present, the sale of low-cost resources in the local market is relatively good, but the turnover of high-level resources is sluggish. Businesses are cautiously optimistic about late-stage views and raised prices slightly to stimulate demand on the 14th. On April 14, the Shanghai market and the Shenyang market both rose by RMB 10/t over the previous trading day.
In terms of regions, there was a steady increase in local markets on the 14th. Current demand conditions still performed in an average manner. Due to the rapid increase in prices in the early period, market risks may continue to accumulate. Businesses still need to pay attention to this point, and operations need to be cautious.