Rebar:

The thread disk fluctuated strongly yesterday, and the closing price of thread 2410 was 3746 yuan / ton, up 11 yuan / ton or 0% from the closing price of the previous day.Videopokerbooks.29%, position reduced by 4200 hands. The spot price is basically stable, and the transaction has fallen. The price of square billet of Qiananpu in Tangshan area is unchanged at 3520 yuan / ton; the price of Zhongtian thread in Hangzhou market is unchanged at 3650 yuan / ton, and the national trading volume of building materials is 134000 tons. According to the National Bureau of Statistics, China's steel production in April 2024 was 16.343 million tons, down 21.7% from the same period last year. The cumulative output from January to April was 66.306 million tons, down 12.8% from the same period last year. Rebar production is low, recent inventory continues to decline, market supply and demand has improved. At the same time, the recent intensive increase in real estate loose policy, the issuance of ultra-long-term special treasury bonds also raised market expectations, market demand expectations are strong. It is expected that the short-term thread disk shows a strong shock.

Iron ore:

Yesterday, the price of i2409, the main contract of iron ore futures, rose to 908 yuan / ton, up 13.5 yuan / ton, or 1.51%, over the closing price of the previous trading day, and the position increased by 4813 hands. Spot prices at the port rose and transactions rebounded. The price of PB powder in Rizhao Port rose 9 yuan / ton to 894 yuan / ton, the price of super powder rose 5 yuan / ton to 738 yuan / ton, and the total turnover of iron ore in the main port of the country was 913000 tons, up 7.03% from the previous month. According to the National Bureau of Statistics, China's original iron ore production in April was 87.904 million tons, up 11.5% from a year earlier. The cumulative output from January to April was 368.87 million tons, an increase of 14.0% over the same period last year. According to Mysteel, the total amount of iron ore imported from China's 45 ports is 147.4 million tons, a decrease of 120000 tons compared with last Monday. The total inventory of 47 ports is 153.72 million tons, a decrease of 150000 tons. Recently, iron ore has shown a double increase in supply and demand, with inventories falling slightly, while property policies continue to be loose, which must give a boost to market confidence. Short-term iron ore disk is expected to run with strong shock.

Coking coal:

The coking coal market fluctuated in a narrow range yesterday. On the closing day, the 2409 contract price of coking coal was 1736.5 yuan / ton, down 6.50 yuan / ton, or 0.37%, compared with the previous trading day, and the position increased by 1265 hands. Spot aspect, Luliang coking coal market is stable, low-sulfur main coking coal A11meng S0.7meng G90menV23 transaction price of 1960 yuan / ton. Mongolia's imported coking coal market is weak, and now it is willing to have 1320 of Mengli raw coal and 1660 of Mengli clean coal at Maodu port. On the supply side, recently, a coal mine casualty accident occurred in a coal mine in Heilongjiang Province, there is still interference on the supply side, and the increment of coking coal supply is limited. With the coke market rising and falling in the first round, the downstream wait-and-see market purchases cautiously. On the demand side, the first round of coke was lifted and landed yesterday, the profit space of coke enterprises was further compressed, the increase of production was limited, the pace of raw coal procurement was slowed down, the stock was mainly replenished on demand, and some high-priced coal were not purchased temporarily, with a strong wait-and-see atmosphere. It is expected that the short-term domestic coking coal disk shock finishing operation.

Coke:

Yesterday, the coke disk fluctuated in a narrow range. The closing price of the coke 2409 contract was 2269.5 yuan / ton, down 8.50 yuan / ton, or 0.37%, from the closing price of the previous trading day. Port coke spot market shock weak operation, Rizhao port quasi-primary coke spot price fell 10 yuan / ton to 1950 yuan / ton. On the supply side, coke enterprises in the region started smoothly because of the price of raw materials.VideopokerbooksThe concessions and previous rounds of price increases make coke enterprises make considerable profits, coke keep active shipments, and coke inventory in the factory runs at a low level. In terms of demand, the recent good news continues to work, and the mood of the steel city has improved, but after the previous continuous replenishment of the steel plant, the coke inventory in the plant is mostly at a reasonable level, and now it is more on demand and has a certain willingness to control. Today, the first round of coke lifting and lowering quickly landed on the ground, and it is necessary to continue to pay attention to the production of steel mills in the later stage. It is expected that the coke disk will be oscillated and run in the short term.

Manganese silicon:

On Wednesday, the main manganese silicon contract rose 0.48% to close at 8816 yuan / ton. The spot market price of 6517 silicon and manganese in Inner Mongolia was 8050 yuan / ton, and the spot market price in Jiangsu was 8400 yuan, unchanged from the previous month. Recently, the amplitude of manganese silicon gradually converges, and the position fluctuation is still large. The manganese mine issue remains the focus of the market, and GEMCO will resume mining activities in stages starting in June, but due to ongoing dehydration and other recovery activities, renewed mining activities are expected to be limited. Manganese ore cost support is strong, difficult to change in the short term, Tianjin Port, Qinzhou Port high-grade Gabonese ore prices continue to rise. Under the support of the cost end, the price of manganese silicon is easy to rise and difficult to fall, and there is more market news in the near future, which is expected to run mainly in the short term. Investors are advised to pay attention to risk control and screening news.

Ferrosilicon:

On Wednesday, the main ferrosilicon contract fell 1.59% to 7306 yuan / ton. The total price of No. 72 ferrosilicon spot remittance in Inner Mongolia was 6900 yuan / ton, unchanged from the previous day. The aggregate price of ferrosilicon in Ningxia was 7000 yuan / ton, down 150 yuan / ton from the previous day. Ferrosilicon futures prices for two consecutive days of pullback, the main contract positions continued to decline. Fundamentals, ferrosilicon inventory level is relatively low, 60 sample enterprises ferrosilicon inventory began to enter the decline channel since mid-February, as of May 10, only 56000 tons. The cost side has a certain support to the ferrosilicon price, the spot profit of ferrosilicon production decreased slightly compared with the previous month, the lowest in the main producing areas, Gansu and Shaanxi, 460-480 yuan / ton, and higher in Inner Mongolia, Ningxia and Qinghai, about 780-830 yuan / ton. Profit repair supports enterprises to start up and resume production, but the sustainability of follow-up demand is in doubt, ferrosilicon support is slightly weaker, the upper pressure, short-term shock is still treated.