Steel

Yesterday, the steel market performance shock run, the futures price rushed high and fell back, the overall performance stabilised, thread October contract stabilised at 3250 a line near the breakthrough 20-day average near the resistance, short-term fluctuations or intensified, pay attention to the sustained rebound power; hot rolls October contract performance shock run, the futures price stood firm 3300 a line mark, the overall performance of the operation of the turn strong, short-term fluctuations or intensified. Supply, last Friday the big steel varieties supply 7,789,400 tonnes, an increase of 0.96 million tonnes week on week, an increase of 0.1%. Last week, five major steel varieties production in addition to hot rolled and cold rolled week-on-week decline. Last week, rebar continued to reduce production, a total of 57,700 tonnes to 1.606 million tonnes, although a few steel mills to resume production, but in the previous shutdown maintenance rolling line under the influence of production continued to dip; last week, hot rolled production rose, the actual output of steel mills was 3.10227 million tonnes, an increase of 89,000 tonnes from the week-on-week; the main increase in North China, the reason for the SGQA, TJTT hot-rolled production line resumption of production. In terms of inventory, last Friday's total inventory of large steel 16,418,600 tonnes, down 581,400 tonnes week-on-week, or 3.42%. Last Friday, the total inventory of big varieties decreased week-on-week: the five big steel mills except for wire rod decreased week-on-week, of which the increase of screw thread was more obvious. The overall week-on-week decline in the five major material mills, the decline mainly came from the contribution of building materials. In terms of downstream, the weekly consumption of big varieties last Friday was 8.3708 million tonnes, up 4.6% from a year earlier; among them, the consumption of building materials dropped 0.5% from a year earlier, and the consumption of plates rose 7.3% from a year earlier. Last Friday's apparent consumption of large varieties rose more obviously, the contradiction between supply and demand has eased. Overall, there is no significant improvement in demand for the time being, need to observe the sustainability of the performance of subsequent data, if this week's data turn bad, it is difficult to constitute a market reversal of the conditions, is expected in the short term steel prices will continue to run shock.

Iron ore

Yesterday's iron ore main 2501 contract performance continued to move higher, the futures price stood firm 750 a line mark, breaking through the 20-day average near the resistance, short-term or fluctuations intensify, pay attention to the continued rebound power. On the supply side, the recent global iron ore shipments of the far end of the supply chain picked up, in nearly three years at a medium level. According to Mysteel global iron ore shipments data show that the value of this period was 31.661 million tonnes, an increase of 2.014 million tonnes week-on-week; the weekly average of global shipments in August was 34.33 million tonnes, an increase of 1.37 million tonnes compared to July, compared to August last year, a decrease of 170,000 tonnes. Influenced by the previous shipment, last week's arrivals were reduced, arrivals slightly lower, according to Mysteel45 port iron ore arrivals data show that the value of 23.48 million tonnes, a week-on-week decrease of 69,000 tonnes, 1.15 million tonnes lower than last month's average weekly value. Demand, Mysteel research data during the week showed that the number of blast furnace overhaul seat is significantly more than the number of resumption of production, iron production continues to decrease, last week 247 samples of the average daily iron production of steel mills continued to fall. As of Friday, 247 samples of steel mills average daily iron production of 2,244,600 tonnes / day, a week-on-week reduction of 43,100 tonnes / day, an increase of 62,900 tonnes / day, compared with the beginning of the year, a year-on-year reduction of 2111,000 tonnes / day. Steel mills losses expanded, profitability has not improved, procurement is cautious, on-demand small purchases. Last week in the iron continued to fall in the case of factory storage and dredging volume have fallen, the overall amount of port unloading is less than the amount of out of storage, China's 45 ports of iron ore stockpiles continue to go slightly to the stockpile trend, the absolute value of the same period in the last three years at a high level. As of August 22, 45 ports of iron ore stockpiles total 150.325 million tonnes, compared with the chain of 26,000 tonnes of de-stocking, compared with the beginning of the year 22.878 million tonnes of cumulative stockpiles, 30 million tonnes of stockpiles than the same period last year, is expected to short-term ore prices are still running mainly in shocks.

Double coke

Yesterday, the performance of coking coal futures main 2501 contract continued to pick up, the futures price shock higher, breaking through the 5, 10-day average near the pressure, short-term fluctuations or still larger, pay attention to the rebound power. Last week, the domestic market coking coal weak operation. Supply side, Linfen region, in addition to individual coal mines due to the end of the month maintenance production reduction, the rest of the coal mines to maintain normal production; Shaanxi region, in addition to individual coal mines to move face, the rest of the coal mines normal production, the overall supply of incremental; Gansu region coal mines subject to the surrounding coal washing plant start-ups, shipments a little lack of power, inventory accumulation is more but difficult to go back to the previous level in the short term, the overall supply is still tight; downstream, the last week, the price of coking coal Downstream, last week, coke prices fell for two rounds, the cumulative decline of 100-110 yuan / tonne. Steel mills around the loss is serious, the pressure continues to transfer to the upstream, the resumption of production is still not enough power. Last week's research average daily iron production of 2,244,600 tonnes, a decrease of 43,100 tonnes, iron production is still moving downward, less demand for raw materials. Terminal actual demand is difficult to improve, a number of steel mills to arrange maintenance to reduce production, part of the coking enterprise start-up load continues to decline, production growth is weak, more than a strategy to reduce the warehouse. Overall, domestic coking coal is running weakly.

Coke, coke futures main 2501 contract performance continued to stabilise and rebound, the futures price rose slightly, back to 1990 near the first line, pay attention to the continued rebound power, short-term performance or wide range of shock operation. Last week, the domestic coke market continued to run weakly, the mainstream coke prices sixth round of price cuts landed, six rounds of cumulative price cuts ranging from a total of 300-330 yuan / tonne, last week, prices fell two rounds, the cumulative range of 100-110 yuan / tonne ranging from the rate of price cuts to speed up. Coke enterprises start, last week Mysteel statistics independent coke enterprises full sample capacity utilisation capacity utilisation rate of 72.14% minus 0.69%, the average daily coke production of 66.06 minus 0.63, coke enterprises start the overall motivation is still low, last week Mysteel research 30 independent coking plant tonnes of coke profitability, the national average tonnes of coke profit of 37 yuan / tonne compared to last week was flat, the remote areas of coke enterprises tonnes of coke profit. Remote areas of coke enterprises tonnes of coke profit loss is more serious, short-term coke prices to run on the weak, the later price trend and the core contradiction in the market still need to focus on the consumption and shipments of finished products.