winter stock market is unlikely to trigger

At the beginning of the week, under the influence of various factors, the market of square steel pipe has a wave of diving. Later as the news surface into the “empty window period”, there is no special good nor special bad, resulting in disk upward and downward momentum, which are not very sufficient, after the acceleration of the dive, it will be a small rebound.In fact, the general direction of the shock of the weak pattern has not been broken, but the short-term performance of the relatively tangled, to repeatedly wash people. Spot market long material price decline is obvious, the merchant shipping intention is strong, the operation of reducing prices to promote sales is dominant, some areas of the cumulative decline of up to 100 yuan, but the terminal is mainly on demand purchase, and there is not too much incentive to a small amount. The price in some regions such as Beijing is relatively low. Compared with the near settlement of the 01 contract, it has shown a premium, which is attractive to the steel pipe suppliers.

Plate as a result of seasonal factor influence is not big, overall price is still relatively firm, hot coil is small have drop only. Up to December 20, 2019, the Lange steel composite price index reached 147.3 points, down 0.99% from the same period last week and 1.43% from the same period last month. The Lange steel index reached 156.7 points, down 2.23 percent from the same period last week and 5.61 percent from the same period last month.The Lange steel panel price index of rectangular hollow section reached 137.5 points, down 0.03% from the same period last week and up 1.16% from the same period last month.

Lange steel cloud platform monitoring data show that as of December 20, 10 major domestic cities Φ 25 mm tertiary rebar for an average of 3840 yuan, more than the weekend fell 92 yuan, 239 yuan lower than the same period last month.As of December 20, 10 major domestic cities, HPB300 Φ 6.5 mm line for an average of 4061 yuan, more than over the weekend fell 90 yuan, 284 yuan lower than the same period last month. According to the monitoring data of Lange steel cloud business platform, as of December 20, the social inventory of structural steel pipe in 29 key cities in China reached 3.1354 million tons, up 63.3 million tons over the weekend, or 2.06 percent, 0.15 percent lower than the same period last month and 4.72 percent lower than the same period last year.