Futures decline in a green, billet perform lock price during the Spring Festival, limited impact on the market, traders still delivery operation stability, near the Spring Festival, part of the terminal first taking goods also relatively cautious, the overall trading atmosphere is cold and cheerless, but also of the whole into first adjustment phase, practical significance is not big, the market has a price no city market, expected steel prices will be stable in a run down tomorrow.

First, the influencing factors are as follows

1. China's logistics industry climate index in January 2021 was 54.4%

The China Federation of Logistics and Purchasing (CFLP) today released the China's logistics climate index for January.Due to the Spring Festival approaching logistics into the slack season, the logistics industry climate index fell slightly compared with last month, but still maintained a high climate range of more than 54%, 2021 logistics operation started well.In addition, China's warehouse index in January was 52.2 percent, up 0.7 percentage points from the previous month.

2. Key statistics Steel production by steel enterprises increased by 4.64% year-on-year

From January to December 2020, key statistics show that steel enterprises produced 689,709,600 tons of steel, up by 4.64% year on year.The accumulative sales of steel amounted to 685.2570 million tons, with a year-on-year growth of 4.24%, among which the accumulative domestic sales amounted to 664.5128 million tons, with a year-on-year growth of 5.50%, and the accumulative direct export amounted to 20.7441 million tons, with a year-on-year decrease of 24.74%.

Second, spot market

Construction steel: main steady adjustment

The period of the screw substantially lower, spot offer enthusiasm weakened, mostly keep stable, the actual shipment is low, some high loose shipment to recover funds, the traditional situation of the Spring Festival downstream low production will be broken, the market is looking forward to the release of post-festival demand, the state of mind is relatively stable, is expected to tomorrow building materials market price stability in the weak adjustment.

Hot rolled coil: stable and weak

Futures weakness continues, merchants pessimistic more positive shipping, low market resources continue to emerge, but the downstream demand is weak, the market is only sporadic shipments, the overall market trading weakness, some merchants make shipment, in view of the billet implementation lock price, the market wa-see sentiment is strong, it is expected that tomorrow the hot roll price or stable in a fall operation.

Medium plate: main steady fall

Holds green downward phase volume, perform lock price billet end, limited impact on the market, traders are still operating stability, delivery workers go home ahead of time, the Chinese New Year trading hours than usual to reduce a week or so, merchants made less goods, the market trading atmosphere overall cold and cheerless, consider first the downstream demand release co., LTD., is expected to medium plate prices tomorrow or in a run down.

Strip: down

Current downstream end-user demand to follow up, shipment of market weakness, but perform lock price of steel, raw material end end is at the bottom of the supporting cost, business mentality strong, offer basic maintain price yesterday, near the Spring Festival, the market is in a state of marketable no city more, logistics into the off-season, is expected to strip weaker price stability in the run tomorrow.

Profile: main steady a tune

Current tight raw material supply side, some steel mills purchase more positive, market as a whole attitude optimistic, rising as the Chinese New Year atmosphere, basic demand dropped to freezing point, few downstream procurement, partial businessman gradually away from the city, and given the billet perform lock price policy, the Spring Festival individual steel mills also perform lock price, tomorrow's profile market is expected to master a run down.

Pipe: stability maintenance

As the Spring Festival approaching, the downstream holiday in succession, the terminal merchants with goods scarce, the north gradually away from the city more, few market orders, tube factory shipments deviation, trading more cold and cheerless, perform lock price policy, but the billet manufacturers relatively optimistic about future expected, tube factory didn't mean to adjust the price, a strong appetite stability, consolidation in the pipe prices or tomorrow is expected to steady.

3. Raw material market

Iron ore: Steady to the downside

General refers to the decline, billet implementation lock price, businesses still maintain strong, some steel enterprises inventory tight, steel enterprises multi-dimensional stable procurement, the end of the year is approaching, steel enterprises fill the warehouse is near the end, the possibility of late price pressure is large, the market as a whole wait-and-see, iron ore market is expected to be stable in the weak operation tomorrow.

Scrap: Down

Near the Spring Festival holiday, the holiday effect, the market trading halt, steel spot market generally run smoothly, first downstream had winter stock less, after have inventory requirements, the policy of "on the Chinese New Year" to return to work faster, downstream steel mills generally small profit or loss, pretty price will is stronger, is expected to scrap steel price down or stability of a running tomorrow.

Coke: stability maintenance

Most steel mills coke inventory is still low, there is still a high intention to increase inventory.Port, approaching the Spring Festival, the port coke market transaction performance is relatively flat, and affected by the futures market, in the situation of no market price, some traders appear fear of high psychology, quotation is mainly stable, individual traders offer slightly reduced, it is expected that the coke market will be stable tomorrow.

Pig iron: steady in a rise

At present raw material price is high, iron works profit is low, coupled with poor requirements, ironworks production enthusiasm is low, only a few iron works in production, market supply and demand two weak, individual regions have iron works at the end of the year for drained a bargaining space increases, the Spring Festival will come, now only a minority of the downstream enterprise on demand a small amount of purchase, trading atmosphere is weak, is expected to pig iron market stability in a run down tomorrow.