The spot market price is still dominated by a slight dip, the terminal demand in the market is weak, and there is a small amount of speculative demand in some areas.

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In terms of news, the latest State Council executive meeting “Three Arrows” to stabilize investment, accelerate the implementation of 102 major engineering projects and special planning key projects in the “14th Five-Year Plan” and “Outline”, and promptly issue special bonds issued this year. The 1.2 trillion yuan of local government special bond funds issued in the fourth quarter of last year were allocated to specific projects, and the reform of the investment approval system was deepened.
In addition, Shanghai, Zhejiang, Sichuan and many other places have launched the “starting gun” for the centralized release and start of projects in 2022. According to incomplete statistics, as of January 10, the total investment scale of these major projects exceeded 3 trillion yuan; the Ministry of Housing and Urban-rural Development also Said that the “14th Five-Year Plan” 40 key cities plan to add 6.5 million sets of affordable rental housing
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The above triggers the accelerated implementation of market infrastructure and the expectation that it will heat up again, driving the futures market to break through.
In the short term, the market has repeatedly switched between the winter reserve game and demand expectations. The pattern of “strong futures and weak spot” may continue. The upward momentum of the futures market is still there. Taking the thread as an example, if it successfully breaks through and stands firm at 4,600 yuan , do not rule out that there is still an upward possibility, otherwise it will still be a shock market.
On January 11, the price of profiles in the domestic profile market was weak, and the overall market transaction was poor. It is expected to run weak tomorrow. Today, the spot price of domestic profiles is mainly stable, and the market sentiment is weak. According to some traders, the price of steel mills will adjust with the future spiral increase. Due to the shortage of stock and the reduction of market demand, the price will not change much. Traders began to restock properly. Today, the price of profiles in Tangshan is running weakly, the overall market activity is low, and some resources are profitable during the session, but the market atmosphere is weak. As of 16:00 today, the total transaction volume of 24 section steel mills in Tangshan is about 47,050 tons. The price of billet in Qian’an area is stable at 4,370 yuan / ton at the end of today. The market for steel billet continues to be stable at the end of the day, and the price of steel mills has certain support. It is expected that tomorrow Price volatility is the main operation.
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