November 17 Hot Rolled Coil Latest Market Trend Morning Report

16 hot rolled spot prices overall rose significantly. The average price in major cities nationwide was RMB 3874/mt higher than on the 14th, up 16 compared to last week's 67. Shanghai RMB 3880-3890/mt higher than on the 15th, up 30 compared to last week's 80, Le Cong RMB 3920-3940/mt higher than on the 15th, up 20 compared to last week's 90. Tianjin RMB 3820-3840 higher than on the 15th, up 40 compared to last week's 100. Yan Steel tender price rose 40. Rizhao Steel spot price rose 30. Steel billet prices rose 40 to 3560 yuan. Futures opened higher and closed 3810 up 30 or 0.79 percent . Trading was significantly better on the day. Recently the central bank, the CBIRC issued a "notice on the current financial support for the stable and healthy development of the real estate market", the introduction of 16 measures to support the stable and healthy development of the real estate market. The real estate market ushered in a heavy positive, market rumors of Jiangsu required to reduce crude steel to ensure that the year-on-year does not increase, steel futures continue to drift red, spot prices are gradually picking up, market confidence has been boosted. Spot prices will still rise after short-term digestion of the good.