August 19, 2024, Foshan market news, last Friday, the three major US stock indexes rose across the board, futures rose and fell, the Dow rose 0.24%, the S&P rose 0.2%, and the Nasdaq rose 0.21%; US crude oil fell 1.95%; non-ferrous copper rose 0.43%; LME nickel rose $125 to $16,440/ton; the main contract of Shanghai nickel rose 330 yuan to 129,280 yuan/ton; stainless steel futures 2410 contract rose 100 yuan to 13,750 yuan/ton.
In the morning trading today, Tsingshan Steel announced that the price was flat:
1. 304 SS Cold-Rolled
1. Yongjin
- August 19
- Yongjin futures guidance price
- 304 Shangke four-foot base price 13,600
- 304 Yongjin four-foot base price 13,800
- Report volume pending approval!
2. Hongwang
Today’s Hongwang futures guidance price is 13600
3. Indonesian cold rolled (Yongwang, Ruipu)
Ruipu, Yongwang 13550 basis
II. 304 SS Hot Rolled
Plate: Today’s 304 hot rolled coil futures guidance price is 13300 yuan/ton.
Strip: Today’s 304 hot rolled strip guidance price is 13200 yuan/ton, and the reported quantity is pending approval
In the morning, the steel mill agent, the 304 ss cold rolled price is different. It can be seen that the agent has a rebate of 100, and there are also quotations based on the steel mill price. That is: 304 cold-rolled Hongwang orders are available on a 13500-13600 basis.
However, as the SS on the market is running strong, before 10:30, Qingshan agents successively issued the news that “304 cold rolled price increased by 100”. According to market news, this is the steel mill’s intention to control prices, requiring 304 cold-rolled steel to be ordered according to the market price:
304 ss cold-rolled steel:
Yongjin four-foot base price 13,800 yuan/ton
Shangke, Hongwang Yongwang, Ruipu 13,600 yuan/ton
As of 10:51, the market can see that the 304 spot Hongwang agent price is 13,500-13,600 base.
In terms of hot rolling, there is no movement, for example, it can be seen that the agent 304 strip continues to maintain the “profit” price.