The hottest steel news on December 11 morning read

On December 11, the early reading of iron and Steel News

the power consumption acceleration for two consecutive months further confirms that China's industrial economy is stabilizing and will enter the stage of medium speed development. While the imported ore volume of iron ore hit a new high in the year. At the same time, combined with the port inventory data, it hit a new low in 20 months. Under the two-phase reference, it shows that steel mills have high enthusiasm for taking goods in the traditional winter storage peak season in November. This enthusiasm continues until December, and the later imported ore price will still be strongly supported at the line of $120

[guide to hot spots]

● power consumption in November increased by about 9% year-on-year, and the industrial economy stabilized.

the power express shows that the year-on-year growth rate of power consumption in the whole society in November exceeded 8%, and the final data is expected to be about 9%, with a sharp increase compared with October. According to the China electricity Union, the power express showed that the year-on-year growth rate of power consumption in the whole society in November exceeded 8%. Although the data of power consumption in specific industries "aucken added that the continuous recovery of national power demand is a positive factor. 3: the transmission system of electronic tensile testing machine, which is mainly due to the rapid recovery of industrial power consumption growth. The situation at the power generation end also continued to improve. According to the data of the National Bureau of statistics, the power generation of the whole society in November was 401.1 billion kwh, an increase of 7.9% year-on-year, the highest growth rate since this year

interpretation: as one of the leading indicators of the economy, social electricity consumption is directly linked to the activity of the national economy and the operating rate of industrial enterprises. Although the specific industry breakdown data have not been released, the total growth rate of 9% has been considerable. The two consecutive months of power consumption increase further confirms that China's industrial economy is stabilizing and will enter the stage of medium speed development. Combined with the impact on the steel industry, it will help consolidate market confidence and have a positive impact on the rebound in spot steel prices at this stage

● steel imports and exports picked up in November, and iron ore imports reached a new high in the year.

according to the latest statistics of the customs, China's steel imports and exports both picked up in November, and iron ore imports hit a new high in the year. Among them, 5.13 million tons of steel were exported in November, an increase of 290000 tons over October, an increase of 22.14% over the same period last year. The total exports in the month were 50.88 million tons, with a year-on-year increase of 12.7%. The imported iron ore in November was 65.78 million tons, an increase of 9.35 million tons over the previous month, with a year-on-year increase of 2.46%. The total import volume in June was 672.91 million tons, an increase of 8.2% year-on-year

interpretation: the single month and overall data of steel exports have increased significantly year-on-year, indicating that the current domestic steel price is still low compared with the international market, and the competition pattern is slightly dominant. While the imported ore volume of iron ore hit a new high in the year. At the same time, combined with the port inventory data, it hit a new low in 20 months. Under the two-phase reference, it shows that steel mills have high enthusiasm for taking goods in the traditional winter storage peak season in November. This enthusiasm continues until December, and the later imported ore price will still be strongly supported at the line of $120

[related]

● the national development and Reform Commission approved a number of power transmission and transformation projects with a total investment of nearly 4.3 billion

following the approval of six power transmission and transformation projects last week, the national development and Reform Commission approved eight power transmission and transformation projects again yesterday, with a total dynamic investment of 4.299 billion yuan. Previously, on December 3, the national development and Reform Commission approved six projects, including Anhui Huainan Kongdian 500 kV power transmission and transformation project, with a total investment of 923 million yuan. In addition, according to incomplete statistics, since April this year, the national development and Reform Commission has approved a total of more than 10 transmission and transformation projects, distributed in central and western provinces such as Henan, Anhui, Ningxia, Yunnan and Xinjiang

● the Federal Reserve welcomes the "closing interest rate discussion" and pushes qe4 expectations strongly

on the 11th local time, the Federal Reserve will usher in the last interest rate meeting of this year. Although the latest US monthly employment report released before the meeting was unexpectedly better than expected, the market and institutions still have strong expectations that the Federal Reserve will announce a new round of treasury bond acquisitions this week, commonly known as qe4

● car sales in November increased by 8.2% year-on-year, and it is expected to exceed 19million vehicles throughout the year.

on December 10, the China Association of automobile manufacturers released the production and sales status of the car market in November. In November, the production and sales of automobiles were 1.7614 million and 1.791 million respectively, with a month on month increase of 11% and 11.5% respectively; Year on year growth of 3.9% and 8.2% respectively. In June, the year-on-year growth rate of automobile production and sales was more than 4%. The China Automobile Association expects that the annual production and sales volume is expected to exceed 19million

[disk summary]

on the 10th, the Dow Jones industrial average rose 14.75 points, or 0.11%, to 13169.88; The Nasdaq composite index rose 8.92 points, or 0.30%, to close at 2986.96; The S & P 500 index rose 0.48 points, or 0.03%, to 1418.55. New York Mercantile Exchange (NYMEX) light crude oil futures for delivery in January next year fell 37 cents to close at $85.56 a barrel, down 0.4%. The price of gold futures for delivery in February next year on Comex, a subsidiary of the New York Mercantile Exchange (NYMEX), rose $8.90, or 0.5%, to close at $1714.40 per ounce. The US dollar index fell 0.08, or 0.1%, to close at 80.34. London Metal Exchange (LME) copper rose $96, or 1.19%, to $8134

[futures market analysis]

on the 10th, the futures snail 05 opened 3666 higher, rushed to the top of 3700 platform, with great resistance, and then fell back. It mainly oscillated around 3680 platform throughout the day, with a maximum of 3707 and a minimum of 3664, and closed 3679, up 50, or 1.38%. The capital side was short, the trading volume shrank slightly compared with yesterday, and the position decreased by 28000 hands. The daily K line opened high, rushed back high, and closed down the inverted positive line. Technical index MACD red column continues to enlarge. The mainstream of spot goods remained stable. Operate multiple orders to reduce the holdings of the high part above the 3700 platform, and the bears wait and see. The stock market is expected to fluctuate at a high level, which has more impact on the spot

[steel market dynamics]

● ore: on the 10th, Platts' index 62%pb powdered $122.25, and there are still signs of further strength driven by bidding. In terms of port spot goods, Tianjin Port accounted for 63.5% of Indian Pink yuan/wet ton; Rizhao Port 62% PB fine ore yuan/wet ton; Qingdao port 63.5% Brazilian coarse flour yuan/wet ton; The asking price of spot goods in the port rose sharply. In terms of domestic mines, the factory price of Tangshan 66% iron concentrate powder on a wet basis, excluding tax, is Zunhua yuan/ton; Qian'an yuan/ton. There was a general recovery in domestic mines in Hebei, but due to the impact of the weekend blizzard, transactions in Liaoning, Shanxi and other places did not recover. People began to seek high-quality, personalized home appliances. The asking price of domestic mines is still strong, and the supply and demand pattern of domestic mines is difficult to change substantially in the short term

● billet: Tangshan strip steel fell on the 10th, which hit market confidence. The downstream procurement of billets slowed down, and dealers shipped actively. The short-term correction of billets increased by 12.7324 million tons compared with 2014. In the afternoon, the billets fell by 20, and the tax inclusive delivery of ordinary carbon billets such as Tangshan Guoyi and Xinglong was temporarily stable at 3140 yuan/ton, low alloy 3260 yuan/ton, and the dealer's bare price of ordinary carbon was 3030; Changli Hongxing was sent to Tangshan with tax included and temporarily stabilized at 3160, while Anfeng fell 20 to 3140

● coke: on the 10th, the flat warehouse tax price of secondary metallurgical coke in Tianjin Port was yuan/ton, the ex factory tax price of Pingdingshan secondary metallurgical coke was yuan/ton, an increase of 30 yuan/ton, the ex factory tax price of Tangshan secondary metallurgical coke was yuan/ton, the ex factory tax price of Linyi secondary metallurgical coke was 1630 yuan/ton, the ex factory tax price of Shijiazhuang secondary metallurgical coke was yuan/ton, the ex factory tax price of Wuhai secondary metallurgical coke was yuan/ton, and the ex factory tax price of Qitaihe secondary metallurgical coke was yuan/ton, The ex factory tax price of Yinchuan third-class metallurgical coke is 980 yuan/ton, Jiexiu second-class metallurgical coke is yuan/ton, Rizhao second-class metallurgical coke is 1640 yuan/ton, Linfen second-class metallurgical coke is yuan/ton. The coke continues to stabilize the market, the downstream steel market operates in a volatile manner, the purchasing polarity of the steel plant is weakened, some coke enterprises have a backlog, and some parts may fall in the future

● building materials: at the close of the 10th, the price of grade II conch of Hegang in Beijing market was 3380 yuan/ton, unchanged from the previous day; Zhongtian second-class conch in Shanghai market was yuan/ton, up 30 yuan/ton from the previous day; Guangzhou steel grade II conch in Guangzhou market was 3700 yuan/ton, up 30 yuan/ton from the previous day. Flunisine meglumine

● plate: closing on the 10th, the closing price of hot coil in Shanghai market was yuan/ton, up 20 yuan/ton from the previous day; The closing price of hot coil in Tianjin market was yuan/ton, up 30 yuan/ton from the previous day; Lecong market hot coil closing price was yuan/ton, up 30 yuan/ton from the previous day

[forecast today]

● building materials: yesterday, the mainstream of building materials across the country remained stable, and more exploration was made in East China. Billets rose more or fell less, futures steel opened higher in the morning, and the spot was greatly boosted, but after all, it is the off-season of the steel market, demand is limited, and businesses are in a strong wait-and-see mood. The ten day price of Shagang, the leading steel plant in the south, will come out, and the market forecast has a high probability of flattening. In view of the strong support at the bottom of the finished product. It is expected that the price of grade II conch in Beijing market is 3380 yuan/ton, unchanged from the previous day; Zhongtian second-class conch yuan/ton in Shanghai market, unchanged from the previous day; Guangzhou steel grade II conch in Guangzhou market was 3700 yuan/ton, unchanged from the previous day

● plate: in the market, Tangshan billet rose sharply over the weekend, driving yesterday's long-term high jump. Confidence in the spot market is improving, traders are in high spirits, and the mainstream in East China, North China, South China and other places have increased to varying degrees. Among them, Lecong's shipments were acceptable after the rise, and high-level resources increased further in the afternoon. However, considering that with the deepening of the off-season, the downstream demand is still weak, and the tight financial situation at the end of the year will suppress the continued weak price rise, it is expected that the National hot roll will be stable and stronger this year. The mainstream quotation of 5.5mm in Shanghai market is yuan/ton, and the mainstream quotation of 5.5mm in Tianjin market is yuan/ton; Lecong market 5.5mm Liugang mainstream quotation yuan/ton