In the first week after the National Day (10.8-10.12), the domestic steel market showed a slight upward trend, construction steel is relatively strong, the plate market is weak. The central bank's announcement of the lowering of the standard during the National Day has greatly boosted market confidence. In addition, the announcement of the draft of the Yangtze River Delta's action plan for air prevention and control in autumn and winter has also brought a favorable boost. Domestic steel market confidence has improved after the festival, and futures market prices have increased relatively large. On the spot market, due to the high growth rate of overall steel stocks after the National Day, the pressure on steel traders and traders is relatively large, weak to follow the rise; fortunately, after the opening of the end unit has a small wave of centralized purchasing demand release, after a few days of sales increased significantly, forming a support for prices. As of October 12, 2018, Langer Steel Composite Price Index reached 168.8 points, 0.46% higher than before National Day, 0.91% lower than at the end of last month; Langer Steel Long Sheet Price Index reached 187.1 points, 1.06% higher than before National Day, 0.12% lower than at the end of last month; Langer Steel Sheet Price Index reached 152.0 points, 0.03% higher than before National Day, and 0.03% lower than last month. The final drop was 1.74%.

During the National Day holidays, information from peripheral sources was flying everywhere. Not only was the trade war tariffs levied between China and the United States, but the Federal Reserve raised interest rates and landed on the ground, and many currencies were hit. In order to safeguard domestic economic stability and continue to release liquidity to hedge the impact of international bad air, the People's Bank of China issued a 1% reduction on the last day of the National Day holiday, releasing about 750 billion yuan of incremental funds, which was a positive pull on the market.

From Oct. 11 to Nov. 14, Shanxi Linfen Iron and Steel Enterprises continued to implement the 50% production limit policy. Quwo, Houma and Yicheng Steel Mills stopped production for the third time, Xiangfen and Yao Du for the fourth round. Handan key industries heating season differential staggered peak production plan for the 2008-2019 draft, 201 In November 1st 8, 31 -12 limited production 42%, January 1, 2019 -3 31 31 production limit 51%. Tangshan Guye District steel enterprises October 11 - November 14 (before the heating season) the implementation of staggered peak production 50%, determine this autumn and winter production ratio is not lower than the previous year. The Yangtze River Delta's Action Plan for Comprehensive Control of Air Pollution in Autumn and Winter 2018-2019 (draft for consultation) was also published this week. The document proposed to promote the staggered peak production of industrial enterprises in heavily polluted cities according to local conditions. In autumn and winter of 2017, cities with PM 2.5 concentrations exceeding 70 micrograms/cubic meters (more than 70 in 9 cities including Xuzhou, according to Lange Steel Network), differential peak production should be implemented from November 2018 to February 2019 for high-emission industries such as steel, building materials, coking, foundry, non-ferrous and chemical industries. According to the forecast results of monthly ambient air quality, the production time of peak shifting can be shortened or extended.

The latest issues of steel and economic data have been published, according to customs statistics, in the first three quarters of 2018, China's total import and export value of goods trade was 22.28 trillion yuan, an increase of 9.9% over the same period last year. Among them, exports were 11.86 trillion yuan, up 6.5%, imports 10.42 trillion yuan, up 14.1%, and trade surplus was 1.44 trillion yuan, down 28.3%. In September 2018, China exported 59.55 million tons of steel, an increase of 1.3% over the previous year, an increase of 15.8%; from January to September, China exported 53.083 million tons of steel, a decrease of 10.7%. According to statistics from the China Steel Association, the average daily output of crude steel in key steel enterprises in late September was 198.48 million tons, an increase of 0.14 million tons, an increase of 0.07%. The average daily output in September was 1.98 million tons, up 69,000 tons from August, an increase of 3.61%, with a higher recovery in September. In late September, the steel stocks of key iron and steel enterprises were 12.425 million tons, down 1.22% from 153.7 million tons.

The good news of capital and industry led to a sharp rise in domestic black futures prices, in which the main contract price of coke futures soared 267 yuan after the festival, an astonishing 11.8% (the sharp rise in coke futures was mainly due to the excessive drop in the early coke futures market, and the high trade stock of coke port was rapid. Coke stocks have been diverted from coking plants and traders to downstream steel plants for replenishment. After October, construction sites and unrestricted steel plants in the downstream were in a hurry, and the spot prices of steel and raw materials were relatively strong, supporting the correction of the basis for futures prices.) It has obvious support for the price of steel products. The main contract of rebar futures closed at 4106 yuan, up 162 yuan, or 4.1 percent, compared with the previous period, while the main contract of hot rolled coil futures closed at 3931 yuan, up 62 yuan, or 1.6 percent. The rise of futures prices on the spot has formed a certain role in driving, but due to the early futures prices fall sharply when the spot is not much, post-festival prices also have repair and spot discount between the composition, so post-festival spot prices around the steel prices are relatively limited.

structural steel

Specific spot prices, Langer Iron and Steel Cloud Platform monitoring data show that as of October 12, the average price of_25mm three-level rebar in 10 major cities is 4553 yuan, 33 yuan higher than before the National Day, up 1 yuan from the same period last month. As of October 12, the average price of 6.5mm and HPB300 high lines in 10 major cities in China was 4889 yuan, 32 yuan higher than last Friday and the same as last month. Range Steel Cloud Platform monitoring data show that as of October 12, the country's 29 Key cities'construction steel social inventory reached 5.107 million tons, 266,000 tons more than before the National Day, 5.06%, 4.41% more than the same period last month, and 7.39% higher than the same period last year.

Board

As for the price of hot rolled coil, the monitoring data of Langer Steel Yunshang Platform show that as of October 12, the domestic 10 key cities 5.5mm hot rolled coil