December 5 steel price index unchanged from the previous trading day

Today, the domestic steel spot market has maintained firm prices. From the perspective of market performance, today's market demand is still weak, it is difficult to play a leading role in price, but today's price performance is still relatively strong, mainly due to inventory and cost. Due to the continuous fall in the market price in the early period, the transaction status of the low-priced resources in many places was relatively good. The extra merchants had poor expectations of the market outlook and were not willing to take too much goods. Therefore, the phenomenon of shortage of goods in the market is more common. In addition, the prices of many places have fallen to the vicinity of the cost line, and there is still limited room for further callbacks. Businessmen are not willing to make adjustments when adjustments in prices do not significantly stimulate transactions, so prices are generally stable today. On December 5, the Myspic Composite Index was 157.0 points, unchanged from the previous trading day.

The flat material index was 136.3 points on December 5, unchanged from the previous trading day. Today's variety indices have remained weak and steady, with some falling slightly. Among them, the galvanized index and the cold rolling index fell slightly, dropping 0.25% and 0.04% respectively. In today's galvanized market, the market in Zhengzhou has seen a significant drop. After the central bank raised the deposit reserve ratio last week, the overall transaction in the local market improved, but it was limited to intermediate demand, and the end-user demand performance remained weak. As the weather turned cold, local construction sites gradually closed, and the demand for market resources weakened further. In addition, although the reserve ratio was lowered, the market funding pressure has not been significantly reduced, especially at the end of the year, the merchants withdrew funds. Will gradually increase. In the end, the sharp drop in the market in various regions during the early period caused a greater impact on the local market. Therefore, today's merchants, under the influence of various factors, have a stronger willingness to reduce their cash price. On December 5, the 1.0mm galvanized market in Zhengzhou dropped by RMB 100/tonne compared with the previous trading day.

In the cold rolling market today, the market price in Qingdao has been decreasing. The main factor of the price drop in the local market is still due to the weak demand. Currently, the downstream market of local markets and terminals are weak in digesting cold rolling, and all adopt a single form of procurement, which makes the market demand for high-priced resources poor, and the bargaining space is also high. The performance is more obvious. As a result, merchants are generally bearish on the market outlook. In the face of tight funding at the end of the year, they are only able to ship the goods and are more cautious in operations. However, fortunately, the local resources are still relatively tight, so it is not expected that the price fall in the latter part of the year will be limited. Big, weak adjustments or will be the mainstream. On December 5, cold rolled 1.0mm in the Qingdao market fell by RMB 20/t from the previous trading day.

On December 5, the long products index was 180.7 points, down 0.05% from the previous trading day. Today's domestic thread futures prices fluctuated at a high level, with the main screw 1205 receiving 4164, up 0.26%. Today's domestic long products spot market fluctuated and the Tianjin market continued to fall. Over the weekend, the market volume was relatively small, and the snow and the surrounding cities were affected by the fog. In addition, the site construction also entered a very light period. This caused the market volume in the local market to decline significantly and the market confidence was not enough. . However, many businesses have said that even if the price falls, it will not bring any increase in trading volume. Therefore, it is not expected that the decline in the latter period will be too large, or the pattern of weakness will remain. On December 5th, Tianjin market thread HRB335 20mm fell by 40 yuan/ton compared with the previous trading day.