Newsletter summary

The ex-factory price of Tangshan billet was maintained at 3460 yuan on April 29th.123strippokerThe price difference between the main force and the billet narrowed to 220.123strippokerThe price difference between Xinda thread and billet is reduced to 290. the price difference between strip steel and billet is stable at 210. the price of iron concentrate is kept at 1060 yuan, and the shipment volume of profile steel mill is reduced by 52%.123strippoker.9%.

Text of news flash

On April 29th, the price of plain carbon billet of steel mills in Qian'an area of Tangshan remained stable, the ex-factory price was 3460 yuan, and the market price of finished products downstream also remained unchanged. In the futures market, the main opening price of the snail on April 29 was 3680 yuan, compared with the billet price, the price difference was 220 yuan, which was lower than that of the previous trading day. On April 28th, the price of Xinda thread was 3750 yuan, and the price difference between thread and billet was 290 yuan, down 10 yuan from the previous trading day. In terms of angle steel and strip steel, the price of angle steel on April 29th was 3750 yuan, and the price difference between angle steel and billet remained at 290 yuan, the same as the previous day. The price of the mainstream 145 series strip is 3670 yuan, and the price difference between the strip and the billet is 210 yuan, the same as the previous day. In terms of iron concentrate prices, the price on April 28th was 1060 yuan, the same as the previous day. In terms of price ratio, the snail-to-ore ratio was 3.56 on April 28, unchanged from the previous trading day. The billet-to-ore ratio was 3.26, which was 0.01 lower than that of the previous trading day. The coiling ratio is 3.56, which is the same as the previous trading day. Statistics show that as of April 28, 15123strippokerAt 30, shipments from 24 profile steel mills in Tangshan totaled about 14030 tons, down 52.9 percent from the previous day. Among them, the shipments of I beam, channel steel and angle steel were 700t, 4930 t and 8400 t respectively. Overall, steel prices in Tangshan remained stable on April 29, but shipments of profile steel mills decreased significantly. Investors should pay attention to these changes in order to make corresponding investment decisions.