News summary

Night plate rebar market performs stronglygyriblockchain, the price moved up slightly to below 3750 points. Huaigang announced an increase in the ex-factory price of excellent steel in late May. Carbon steel increased by 90 yuan, tube blank increased by 70 yuan, and 45 #carbon steel increased to 4220 yuan.

Newsletter text

[The rebar market showed strong shocks, and the price rose slightly] On May 21, market analysis showed that the main rebar contract in the night trading showed a strong shock trend, and the price center of gravity shifted slightly, temporarily encountering pressure around 3750 yuan/ton., the number of positions increased. Rebar steel on the daily line has achieved four consecutive years, and the market signal is strong. Investors need to pay attention to the game situation around 3750 yuan/ton. In addition, at the hourly level, rebar continues to maintain an upward trend, and there is the possibility of further increase. In the spot market, more raw materials are stocked. After a slight increase in the previous period, the market is expected to be dominated by shocks this week. In terms of steel mills, on the 21st, Huaigang announced that the ex-factory price in late May will be increased by 90 yuan/ton for carbon steel to 4220 yuan/ton, and the tube blank will be increased by 70 yuan/ton, while the ex-factory prices of gear steel and chromium-molybdenum steel will remain unchanged, at 4450 yuan/ton. Overall, the rebar market has performed strongly recently, and the price center of gravity has shifted upward, but it is still under pressure around 3750 yuan/ton. Investors need to pay attention to the market game situation and changes in factory prices of steel mills. At the same time, there are more raw materials in the spot market, and the transaction volume is significantly high in the short term, and the market shows a turbulent consolidation trend.