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According to the current traders' feedback, the steel market is in a dilemma. It is difficult to have too many bright spots due to the fundamentals. Under the tight balance between supply and demand, merchants' willingness to price adjustment has dropped significantly. Indeed, the final change in the market today is still waiting for the futures market trend. Early trading futures are relatively high and low. It once made traders’ shipments relatively difficult. Fortunately, the intraday return to the upward trend, the transaction has improved, of course, the high-end resources are still difficult to trade. Heavy volume. After mid-May, the steel market will still maintain a narrow range of shocks. Macro hotspots 1, [black futures closed up across the board, Apple is close to the daily limit] Apple led the gains, up 7.9%; Shanghai nickel, manganese silicon, Zheng coal, coke, ferrosilicon rose more than 1%, coking coal, crude oil, hot coil, Glass, Shanghai zinc, Shanghai aluminum, iron ore, Shanghai tin, corn, thread closed up. Eggs fell 2.5%, rubber, PVC, Shanghai and Shanghai fell more than 1%, vegetable, soybean meal, Shanghai copper, plastic, Shanghai gold, asphalt, sugar, Shanghai lead and so on. 2, [GEM ushered in a strong rebound in the afternoon, the next time the new stocks came back] The Shanghai Composite Index closed at 3192.12 points, a new high of more than a month, up 0.57%, with a turnover of 163 billion yuan. The Shenzhen Component Index closed at 10,747.99 points, up 0.72%, with a turnover of 215.1 billion yuan. The GEM closed at 1858.01 points, up 1.48%, with a turnover of 75.6 billion yuan. 3. Bureau of Statistics: In the first four months of 2018, the national real estate development investment was 3,059.2 billion yuan, a nominal increase of 10.3% year-on-year, and the growth rate dropped by 0.1 percentage points from January to March. From January to April, the newly started housing area was 517.79 million square meters, an increase of 7.3%, and the growth rate dropped by 2.4 percentage points. From January to April, the sales area of ​​commercial housing was 42.92 million square meters, an increase of 1.3% year-on-year. The growth rate dropped by 2.3 percentage points from January to March. From January to April, the sales of commercial housing was 362.22 billion yuan, an increase of 9.0%, and the growth rate dropped by 1.4 percentage points. At the end of April, the saleable area of ​​commercial housing was 567.87 million square meters, a decrease of 6.42 million square meters from the end of March. 4. Bureau of Statistics: China's crude steel output in April was 76.7 million tons, up 4.8% year-on-year (up 4.5% in March); China's crude steel output in January-April was 289.97 million tons, up 5% year-on-year. 5.4%). China's non-ferrous metal production in April was 4.54 million tons, up 3.1% year-on-year. China's non-ferrous metal production in January-April was 17.84 million tons, up 2.3% year-on-year. China's primary aluminum (electrolytic aluminum) output in April was 2.77 million tons, an increase of 1.1% year-on-year. China's primary aluminum (electrolytic aluminum) output in January-April was 10.89 million tons, up 0.2% year-on-year.

Today's market raw materials billet: the national billet market price has strengthened. Tangshan steel billet rose 20 yuan / ton, Shanxi steel billet rose 20 yuan / ton, Jiangsu steel billet rose 30 yuan / ton, early in the Qian'an area billet rose 20 yuan / ton, after the increase in billet overall transaction, the downstream finished product prices are stable Up, the specific transaction is as follows. Tangshan billet straight hair transaction can be, warehousing spot 3660-3670 tax-included out of the low price has a deal. The spot market operation tends to be cautious, and some of the finished products can be sold, and the overall display is general. Domestic mines: The market in the main producing areas of East China rose slightly. Prices in North China, Northeast China and South China have temporarily stabilized; the price of Minjiang in East China has risen by RMB 20/ton. Specifically, North China-Tangshan 66% dry-based tax-included cash factory 625-635 yuan / ton, moved to the West 66% dry-based tax-included cash out of 610-620 yuan / ton, Qian'an 66% dry basis tax-included cash factory 635-645 yuan / ton; Zunhua 66% dry basis tax-included cash factory 610-620 yuan / ton; Kuancheng 65% dry basis tax-included cash factory 570 yuan / ton; Zhangping 63.5% vanadium titanium powder dry basis including tax Cash factory 527 yuan / ton; 66% (alkali) of the Xingxing Bureau is currently executing 607 yuan / ton;

Imported mines: The early traders have higher enthusiasm, the offer price of high-quality Australian powder is flat compared with yesterday, the mainstream price of PB powder in Shandong area is 480 yuan/ton, and the mainstream price of PB powder in Tangshan area is 485 yuan/ton. With the disk oscillating downwards, traders have a strong mentality of shipping, while steel mills are still cautious and wait-and-see attitude. Most of the inquiries are traders, mainly for understanding and collecting prices. In the afternoon, with a small correction in the disk, the game mentality between the two sides became more and more intense, and the transaction was slightly warmer. The transaction price was unchanged from yesterday. As of press time, the transaction is as follows: Caofeidian Port: Carbine 615, Brazil Screen 550, Jinbuba Powder 425, Newman Powder 495; Tianjin Port: Mike Powder 465; Qingdao Port: PB Powder 472/473/475; Rizhao Port : Mac powder 450, Luo powder 325, PB block 587, PB powder 480. (Unit: RMB / ton)

Steel spot Construction steel: Today's domestic construction steel prices are adjusted in a narrow range. In terms of specific prices, the average price of 25 major cities nationwide was 4,156 yuan/ton, which was 4 yuan/ton lower than that of the previous trading day. Among them, South China and North China weakened slightly; parts of East China and Southwest China continued to rise, and the rest of the region held Stable. Specifically, due to the upward movement of the night plate, the superimposed billet rose slightly, and the quotations of some regions were slightly increased. The spot market was actively enquiring, the intraday futures dive, the market turned cold, and the transaction was light. However, the current inventory pressure in the domestic market is not large, and the merchants are willing to pay a higher price. At present, as steel mills raise the ex-factory price, the cost of traders increases, and the willingness to sell at a lower price is not strong. At the same time, due to the strong wait-and-see attitude of the terminal, the market is not well-sold, and it is unlikely that the merchants will rise in the short term. On the whole, it is expected that the market price will run in a narrow consolidation trend tomorrow. Hot-rolled coil: Today, the hot rolling price of 24 major cities in the country is consolidating. The average price of 3.0 hot-rolled coils is 4,279 yuan/ton, up 7 yuan/ton from the previous trading day, and the national average price of 4.75 hot-rolled coils is 4222. Yuan/ton, up 7 yuan/ton from the previous trading day. Today's futures market fluctuates and runs, the market waits and sees a strong mood, and merchants offer a narrow range of consolidation. At present, the overall demand is generally low, the transaction is difficult to continue to increase the volume, and the driving force for the price to continue to rise is insufficient. However, the market resources are relatively small, and the pressure on the merchants is not large, so they are not willing to sell too low. In the short term, the market is still in a low inventory, low demand, high cost pattern, and the price space is not large. In addition, today's billet market price rose by 20 yuan / ton, the current price of carbon billet is 3,590 yuan / ton. On the whole, it is expected that the price of the hot-rolled market will fluctuate tomorrow. Plate: Today's domestic plate market price consolidation has become stronger, the national average price of plate in the plate, up from the previous trading day. First of all, the overall trend of the electronic disk is first suppressed and then raised. The spot market offers a strong wait-and-see attitude. As the Tangshan billet grows slightly in the afternoon, some regions consider the current tight supply, so the price has risen slightly. In the short-term, the demand performance is not warm, and the current spot continues to be at a high level. Therefore, it is expected that the spot price of the market will maintain a consolidation trend in the short term.

Cold rolled coil: Today's national cold rolling prices are generally stable. Price: 1.0 national cold rolling average price of 4645 yuan / ton, compared with the previous working day price. The main market price: Shanghai market 1.0mm WISCO coil plate offer 4560 yuan / ton, Guangzhou market 1.0mm anang steel coil offer 4640 yuan / ton, Tianjin market 1.0mm anang steel coil offer 4480 yuan / ton. Market: Today's black commodity futures fluctuated in a wide range, while the spot market price was stable, and some market cold-rolled prices rose slightly. From the market transactions yesterday, the performance of merchant shipments is acceptable, but the continued procurement is poor, showing that the market demand is generally average, but the social inventory has declined for three consecutive weeks, making the merchants more willing to price. On the whole, it is expected that the cold rolling price will fluctuate within a narrow range tomorrow.

Profile: Today's domestic steel prices are generally consolidating, the angle of the slot is adjusted in a narrow range, and the H-beam remains strong. Specifically, Tangshan profiles increased by 20 in early trading, and the angle steel was stable. The turnover was higher than that of yesterday, and the steel billet rose by 20%. The traders were optimistic, actively replenishing the stocks and trading. The current steel mills have a meager profit and a strong willingness to price. The price of East China's profiled products was consolidating, and the market operation maintained the consolidation strategy. As the afternoon futures oscillated, the spot price rose slightly. As far as the current market is concerned, the enthusiasm for continuing to rise is not high, and the overall mentality is cautious. South China's profile traders kept their prices in early trading. In the afternoon, with the small increase in steel billets and the red-hot futures, coupled with tight market resources, merchants' offers were slightly raised, and the overall market transactions were general. It is expected that the price of the national steel market will remain strong and consolidate in the short term.

Steel pipe: Today's domestic steel pipe prices are slightly adjusted. According to the variety: the average price of welded pipe 4 inch * 3.75mm is 4403 yuan / ton, which is stable compared with the previous trading day; the average price of galvanized pipe 4 inch * 3.75mm is 5247 yuan / ton, which is higher than the previous trading day. 1 yuan / ton; seamless pipe Ф 108 * 4.5mm national average price of 5253 yuan / ton, down 2 yuan / ton from the previous trading day. Regarding the pipe factory, the prices of Tianjin Youfa, Juncheng and Lida have not been adjusted. The hot rolling price of Linyi mainstream seamless pipe factory is 4750-4850 yuan/ton. In terms of welded pipes and galvanized pipes, the market transactions are general, traders still rely on the consumption of old stocks, and the replenishment enthusiasm is not high. In terms of seamless pipes, the market transactions were generally weak, and some traders have been selling at low prices in order to stimulate shipments. It is expected that the market price of steel pipe will still be adjusted in a narrow range tomorrow.

Futures: Today, domestic black commodity futures fluctuated and closed up. Double-focus again led the gains. The turnover was slightly larger than yesterday, and the funds flowed out sharply. Specifically, today's domestic finished goods spot market closed up slightly, the market shipments were acceptable, the total amount of spot resources continued to decline last year, the terminal picking enthusiasm is higher, the overall market performance is relatively wait and see. In terms of raw materials, the performance of double-focus is still relatively strong. The iron ore is under pressure from the top 500, short-term adjustment and consolidation, and the overall market maintains a bullish trend. From the point of view of the snail day K, today's thread receives the cross-yang line, the intraday wide fluctuations overall, the K line maintains a long position, the above recommendations, the bargain-hunting, pay attention to the position.


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