[Futures Market Analysis]

The night before the 8th day, the snail 2105 opened 4701, the bottom picked up, the highest 4758, the lowest 4701, closed 4749, up 31 or 0.66%. Snail short – term partial strong, multi – single bargain increment warehouse

[Steel market trends]

Iron ore: 8 iron ore spot offer is expected to drop 15-25 yuan.The broad index fell 3.8 to $174.65 on Friday night, compared with its monthly average of $176.09.Tangshan to restart heavy pollution weather response level 2.Due to the recent market volatility is large, the uncertainty of the overlay policy, the buyer wait-and-see sentiment is heavy, on demand replenishing the main warehouse, spot transaction focused on PB powder with lower risk, steel enterprises prefer high quality card powder and fine powder.Iron ore prices are expected to shock high operation this week.Iron ore port spot offer today is expected to rise or fall 15-25 yuan.

Coke :7 days Linfen level metallurgical coke ex-factory price 2600 yuan/ton tax;Weifang secondary metallurgical coke ex-factory price including tax 2590 yuan/ton;Tangshan quasi level of metallurgical coke tax 2660 yuan/ton to factory Weak domestic coke market steady running the supply side, at present there are still around the world to expected capacity, and affected by the insurance policy during the two sessions ring, stop the truck loading and unloading parts manufacturers, the focal enterprise production is relatively positive, while the downstream market purchase enthusiasm is not high, slightly difficult delivery, coke prices in the factory the coke inventory accumulation demand to different extent, steel mill workers remain high, demand for coke remained, however, tangshan region stricter environmental policy, and partial coke inventory as a whole was high, the reduced demand for coke, coke market in the short term is expected to steady weakening in the operation

Billet: tangshan billet during weekend rise of 110 to 4410 yuan/ton, the tangshan local mainstream steel carbon billet at 4410 yuan/ton, all tax factory, merchant naked price 4110 yuan Tangshan billet straight clinch a deal the table over the weekend Generally well now, because of the cost is still in the side pressure, billet manufacturer’s price to rise mentality is stronger, but given the downstream rolling enterprise and production as a flash in the pan, restricting output message will come again, billet demand continues to limited, given when the former market lack the support of the actual demand is expected to short-term billet prices narrowed

Construction steel: 7 days close, Beijing market he steel three seismic screw price 4550 yuan/ton, than the previous day up 40;Shanghai market Shagang three big snails 4730 yuan/ton, up 60 than the previous day;Guangzhou market Shaogang three large snails 5010 yuan/ton, flat compared with last Friday.

Plate: 7 days close, Shanghai market hot coil close at 4880-4890 yuan/ton, than the previous day price down 100;The closing price of hot coils in Tianjin market was 4820-4840 yuan/ton, down 80 yuan from the previous day, while the closing price of hot coils in Lecong market was 4930-4940 yuan/ton, down 60 yuan from the previous day.

【 Forecasts for Today 】

Construction steel: billet up 110 over the weekend, the market support is strong, but the mainstream of the growing material market is stable in the strong operation, the market turnover is better, coupled with the lifting of Tangshan environmental protection production limit and the two sessions of good steel city, overall, the market merchants bullish sentiment is strong.The Beijing market is expected to river steel three seismic screw price of 4600 yuan/ton, 50 yuan/ton higher than the previous day;Shanghai Shagang Class 3 large snails 4770 yuan/ton, up 40 percent compared with the previous day;Guangzhou shaogang three large snails 5050 yuan/ton, 50 yuan/ton more than the previous day.

Plate: the market, Friday hot roll futures market first weak after strong, Tangshan billet straight drop 100, spot market mentality pessimistic, businessmen shipped with low go, but with the afternoon volume rebound market resources low turnover volume, low resources slightly upward.Friday night closed red support, during the weekend billet load up 110 to 4410 yuan/ton, part of the weekend out of the market area mentality boosted wide upward.Considering comprehensively, it is expected that the hot rolled coil plate will be strongly adjusted today. The mainstream quotation in Shanghai market is 4980-4990 yuan/ton, the mainstream quotation in Tianjin market is 4910-4930 yuan/ton, and the mainstream quotation in Lecong market is 4990-5000 yuan/ton.(Source: Fubao Information)