Sep 18,2018  Steel Knowledge.

Macro hotspot

1. The quality of bank assets continued to improve. As of the end of June this year, the non-performing loans of the five major banks all declined compared with the end of 2017. Some of the stock exchanges showed a non-performing loan balance and a non-performing loan ratio of “double down”. At the same time, the provision coverage ratio of many banks has increased, and the risk-reward ability has increased. Further enhancement. The banking industry has also stepped up credit management from the aspects of optimizing credit structure, optimizing management processes, and leveraging technology to manage loans, so as to prevent “sickness from entering the mouth”.

2, the housing enterprises take the land to "return": the flow of land continues to increase. As the market cools, housing companies put risk control at a more important position. Among them, in terms of land acquisition, "returning fever" is obvious. According to statistics from Zhongyuan Real Estate, in the first eight months, the amount of land acquired by 50 real estate enterprises reached 1,299.6 billion. On the surface, real estate developers are still active, and there are as many as 24 homes with more than 20 billion homes. However, compared with the same period in 2017, the real estate developers started to “burn down”. From January to August of the same period of 2017, the amount of land acquired by real estate enterprises was 134.6 billion. This is equivalent to a 3.5% year-on-year reduction in the same period of 2018, and the average land price is basically stable. In addition, in the first eight months of 2017, there were as many as 42 homes with billions of land, and only 37 in 2018.

3. Coal to gas “adhere to “change with gas”. The “Opinions on Promoting Coordinated and Stable Development of Natural Gas” (hereinafter referred to as “Opinions”), which has received much attention from the market, has been issued. It strives to achieve 2000 domestic natural gas production by the end of 2020. More than 100 million cubic meters. Deepen the reform of the natural gas field, and "coal to gas" adhere to the "change with gas."

Raw material

Billet: On the 6th, Tangshan billet has risen 20 times to 3980. The direct transaction of steel mills is generally weak. At present, Tangshan and surrounding billet bills are subject to tax of 3,980 yuan/ton, including tax, and the mainstream steel mills in Qian'an are up to 20, 3980. The merchants are bare price 3590, and the prices in other surrounding markets are mostly stable. In the morning, the mainstream steel mill in Tangshan led the gain of 10 yuan, and the chasing rose 10 in the afternoon. The boosting effect was slightly, but the local finished product was weak, but the steel strip was stable and chasing 10, including tax transactions smoothly; building materials The profile pipe is stable and weak, the overall shipment is not smooth, and the low price has improved.

Iron ore: On the 6th, the domestic iron ore spot offer was stable and strong. Part of the imported mine, last night, the general index rose 0.35 US dollars, the current 62% index of 67.05 US dollars / ton. Do not look at the daily increase of a few dollars a day, a few days ago found that has been separated from the 65 US dollar shock platform. Yesterday, the black night plate turned red overall, and even the iron led the gains to continue to give confidence to the spot market.

Scrap: On the 6th, the national scrap steel rose more or less. Among the 245 steel enterprises that tracked the quotations, 24 steel companies rose by 20-100; 6 steel companies fell, with a drop of 20-30. The price increase steel enterprises are concentrated in four provinces of Hebei, Hubei, Zhejiang and Jiangsu, of which Hebei has raised prices by 9 but most of them are up-regulated. The distribution of falling-price steel enterprises is relatively scattered.

Steel spot

Construction steel: a small increase. The average price of rebar 20mm HRB400E in 24 major markets nationwide was 4,507 yuan/ton, up 5 yuan/ton from the previous trading day. Eight cities are raised by 20 yuan, and three cities are down by 30-50 yuan. Other cities are stable.

Hot rolled coil: stable. The average price of 4.75 hot rolled coils in 24 major markets nationwide was 4,361 yuan/ton, down 2 yuan/ton from the previous trading day. The price of 2 cities is raised by 10-20 yuan, and the prices of 4 cities are lowered by 10-20 yuan. Other cities are stable.

Medium plate: flat plate finishing. The average price of 14-20mm Puzhong board in 23 major markets nationwide was 4,497 yuan/ton, down 1 yuan/ton from the previous trading day. Two cities were down by 10 yuan, and others were stable.

Futures

Today's rebar main contract 1901 closed 4148 up 61, today's closing price rose 1.49%, the intraday high of 4150, the lowest 4092, the settlement price of 4123, the volume of 4090468, the position of 2699422. The main contract of thread 1901 rebounded today. The environmental protection and production restriction is the main logic of black. The current strong pattern remains. As far as the black industry chain is concerned, the policy control measures and rhythm are still stronger than any other factors. The current 4000 is a short-tempo support, and the rebound continues to be 4200.

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