On April 13, the overall performance of domestic black commodities prices remained firm. The steel price performance was better than that of the raw materials. The maximum price of snails exceeded 3400 yuan, hitting a three-week high, with an increase of nearly 2%. The raw materials, starting with iron ore, started a wave of rushing up and down. In the end, they were returned to the 600 yuan integer mark, and other varieties temporarily maintained their upward trend.
From the perspective of capital flow, rebar futures have captured 157 million funds to enter the market, and other varieties are mainly net outflows, of which iron ore blood loss has reached more than 200 million. The main positions of the thread increase with both long and short positions, and the short increase is slightly greater than the increase.
The spot steel prices rose slightly, the terminal demand is in the process of being released, and the overall market transaction is acceptable. The purchase demand represented by BBN steel in the north has kept the market shipments at a relatively stable state. In the southern city represented by Hangzhou, sales have been good, and the inventory of Hangzhou's thread fell to less than 1 million tons for the first time after this year. With the increase in futures, the current price-locking operation has also increased, and the confidence in the steel market is still good.
Steel Market Summary: On April 13th, the domestic steel market prices were mainly stable, building materials generally rose, hot coil prices rose stably, strip steel temporarily stabilized, cold rolling was slightly adjusted, coating and plating were temporarily stabilized, and seamless pipes continued to fall slightly. The profile is generally stable, and the special steel has fallen steadily.
