The daily limit is up! Billets rose 370 consecutively! The increase of 500, 600 in steel mills! Steel prices are rising wildly!

In recent days, there has been a rare surge in the steel sector, which has deviated from the fundamental logic. The steel futures opened sharply and immediately rose by the limit. Since the middle of the billet, it has risen by 370 to 4,000 yuan/ton. The emergence of extreme market conditions has led to confusion in market quotations. Suppliers have a strong willingness to uphold prices and sell in controlled quantities, while selling while rising. Downstream customers have strong wait-and-see sentiment due to large price increases and cautious purchases. The market is bullish. Coke starts ten rounds. Increase, short-term steel prices will continue to rise.

Futures steel rose at its daily limit, and spot prices soared across the board.

The snails rose 212 to close at 4460, the volume rose 225 to close at 4742, iron ore rose 101 to close at 1144.5, coking coal rose 67.5 to close at 1592.5, and coke rose 208 to close at 2842.

In terms of spot, follow the futures to pull up. Rebar rose 100-340, hot coil rose 200-550, and medium plate rose 150-450. According to market feedback, merchants are selling while increasing, have a strong willingness to increase prices, control volume shipments, and have a strong wait-and-see sentiment downstream and purchase on demand. Shagang increased by 200, and many steel mills increased by 500 and 600. Shagang rose by 200! Zhongtian rose 200! Hegang rose 500! Xining Special Steel rose 600! ...... Today, Shagang announced the price of building materials in late December, and raised its rebar by RMB 200/ton, and the prices of coils and high-speed wires have stabilized. At the same time, there is no compensation for the previous period. In the second half of December, Zhongtian Steel raised its rebar by RMB 250/ton, Panluo by RMB 200/ton, and the upper line by RMB 200/ton. There is no compensation for the previous period. In addition, the prices of all products of Hegang Special Steel have been raised by 500 yuan/ton, and Xining Special Steel's price has been raised by 600 yuan/ton. The strong increase by steel mills has strengthened the market's bullish expectations.

The central bank has invested 110 billion yuan and a net investment of 90 billion yuan. Today the central bank launched a 110 billion yuan reverse repurchase operation. Due to the expiration of 20 billion yuan in reverse repurchase, it achieved a net investment of 90 billion yuan, stable and stable liquidity at the end of the year, and relatively sufficient market funds. Vibrate the market.

Coke rises for ten rounds After nine rounds of coke rises, coking companies in Shandong, Shanxi, and Hebei have increased by 50 yuan/ton, which will be implemented since December 22. Including the increase in the ex-factory price of metallurgical coke from coke production enterprises in Weifang, Binzhou, Dezhou, Jining, Zaozhuang, Heze, Rizhao, Tai'an, etc. in Shandong Province, large coking enterprises in Hebei, Changsheng coal gasification coke prices in Jiexiu City, and Huaan County, Xiangkuang Group The price of coking coke was increased by RMB 50/ton on the basis of the original price. The strong rise in the raw material end further strengthened the willingness of steel mills to keep prices. In summary, the current surge in the market has deviated from the supply and demand of steel, and the capital market has fueled the flames. And the raw material trend is strong, coke is the right time to usher in ten rounds of increases, iron ore continues to strengthen, steel mills generally increase ex-factory prices significantly, the market is bullish, but the terminal is cautious in obtaining goods, and the fear of high sentiment remains short Steel prices remain on the rise at the time, and continue to rise tomorrow. (Editor in charge: after the storm)