Black Wire: Black wire, also known as black annealed wire, is a type of wire that has undergone an annealing process to make it softer and more flexible. It is typically made from low carbon steel wire and has a black or dark gray appearance. Black wire is commonly used for tying, bundling, and securing purposes in construction, agriculture, and general applications. It is known for its malleability and ease of use. Black Wire,Loop Tie Wire,Annealed Double Loop Tie Wire,Iron Binding Wire Hebei Aibuer trading co., Ltd , https://www.ablehardwares.com
First, let’s take a look at the major macroeconomic news:
1. **U.S. Consumer Confidence Hits 5-Year High**
In May, U.S. consumer confidence reached its highest level in five years, with the Conference Board reporting a sharp rise to 76.2 points. This exceeded market expectations and signaled strong optimism among consumers.
2. **U.S. Housing Prices Surge to 7-Year High**
The S&P/Case-Shiller U.S. National Home Price Index showed that home prices in 20 major cities rose by 10.9% year-over-year in March, marking the fastest growth since April 2006. This reflects continued strength in the real estate market despite broader economic concerns.
3. **China’s Open Market Operations Remain Tight**
The People’s Bank of China conducted a 3-month central bank bill issuance worth RMB 7 billion and a reverse repo of RMB 12 billion. With only RMB 30 billion in maturing funds this week, and potential further operations expected, liquidity conditions are likely to remain slightly constrained.
4. **National Air Pollution Control Plan Expected Soon**
The Ministry of Environmental Protection is preparing to release a national air pollution prevention action plan, which could become one of the earliest environmental initiatives under the State Council. As central government measures are introduced, local governments are expected to follow suit with their own plans.
5. **Eastern Coastal Provinces Drive Economic Recovery**
While national economic growth slowed in Q1, several eastern coastal provinces saw GDP growth rebound. These regions have been driving recovery through increased investment in real estate, infrastructure, and emerging industries, even as external demand remains weak.
Second, **stock market performance on Tuesday** was positive, driven by strong U.S. consumer confidence and rising housing prices. The Dow Jones closed up 0.69%, the S&P 500 gained 0.63%, while gold and crude oil prices fell slightly. LME copper rose by 23 USD/ton.
Third, **billet prices on May 29th**:
- Tangshan general billet dropped 30 yuan to 2980 yuan/ton.
- Changli sent to 2980 yuan/ton, Xinglong/Guoyi factory at 2960 yuan/ton (including tax).
- Traders’ price was 2830 yuan/ton.
- Yansteel’s tender is expected today.
Fourth, **iron ore prices remained weak**:
- Hebei iron concentrate powder market remained sluggish, with steel mills adopting conservative pricing strategies.
- Inventory levels were reduced to 5–10 days.
- Import ore prices continued to decline, with pessimism in the market.
- 66% sour flour dry base in Tangshan was priced at 1,040 yuan/ton.
- Indian ore mines were quoted around $112 per ton.
- Tianjin Port 63.5% Indian ore was 880 yuan/ton; Qingdao Port 61.5% PB ore was 850 yuan/ton.
- Platts 62% iron ore settled at $118.75, down $2.50 from the previous day.
Fifth, **coking coal prices remained under pressure**:
- Coking plants across China faced low demand, with limited production and sales.
- Production enthusiasm was subdued, and steel mills continued to suppress raw material prices.
- Primary metallurgical coke in Shanxi was 1,300 yuan/ton; quasi-class coke was 1,250 yuan/ton (tax included).
- Secondary metallurgical coke in Handan was 1,320 yuan/ton; Huaibei region was 1,300 yuan/ton (tax included); Grade coke was 1,280 yuan/ton.
Sixth, **hot rolled coil prices declined**:
- On May 28, 25mm rebar in Beijing closed at 3,630 yuan/ton, unchanged from the previous day.
- Shanghai’s three-grade rebar fell by 50 yuan/ton to 3,300 yuan/ton.
- Guangzhou’s three-grade rebar was 3,760 yuan/ton, down 10 yuan/ton.
- In Shanghai, 5.5mm Q235 hot-rolled coil closed at 3,440 yuan/ton, down 20 yuan/ton.
- Tianjin’s hot coil closed at 3,390 yuan/ton, down 30 yuan/ton.
- Lecong’s hot coil closed at 3,500 yuan/ton, down 20 yuan/ton.
Seventh, **steel futures analysis**:
- The main contract for HR coil RB1308 opened at 3,462 yuan, ended at 3,445 yuan, down 32 yuan/ton.
- Volume increased, and open interest rose.
- Pressure point estimated at 3,490 yuan/ton, support at 3,400 yuan/ton.
- Main contract 1310 opened lower, finished at 3,491 yuan, down 24 yuan/ton.
- Volume contracted, but open interest increased.
- Pressure point estimated at 3,520 yuan/ton, support at 3,460 yuan/ton.
Finally, **spot price forecasts for May 29**:
- Beijing’s 25mm rebar is expected to drop to 3,610 yuan/ton.
- Shanghai’s three-grade rebar forecasted to fall to 3,280 yuan/ton.
- Guangzhou’s three-grade rebar is expected to decrease to 3,740 yuan/ton.
- Shanghai’s 5.5mm Q235 hot-rolled coil is expected to fall to 3,420 yuan/ton.
- Tianjin’s hot-rolled coil is forecasted to drop to 3,380 yuan/ton.
- Lecong’s hot coil is expected to fall to 3,480 yuan/ton.
This update covers the latest developments in the steel and commodities markets, providing insight into current trends and future expectations.
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Loop Tie Wire: Loop tie wire is a type of wire that is preformed into loops or ties for easy and efficient tying applications. It is often made from galvanized or black annealed wire. Loop tie wire is commonly used in construction, such as securing rebar, connecting WIRE MESH panels, and bundling construction materials. The preformed loops allow for quick installation and provide a secure and reliable connection.
Annealed Double Loop Tie Wire: Annealed double loop tie wire is a specific type of loop tie wire that has undergone an annealing process to make it softer and more pliable. It is typically made from black annealed wire. The double loop design consists of two preformed loops on opposite ends of the wire, allowing for easy and secure fastening. Annealed double loop tie wire is commonly used in construction, gardening, and other applications where quick and reliable tying is required.
Iron Binding Wire: Iron binding wire, also known as baling wire or tie wire, is a type of wire that is commonly used for binding, bundling, and securing various materials. It is typically made from galvanized or black annealed wire. Iron binding wire is widely used in construction, agriculture, packaging, and other industries. It provides strength, durability, and flexibility for applications such as securing packages, tying rebar, and fastening materials together.
These different types of wires, including black wire, loop tie wire, annealed double loop tie wire, and iron binding wire, offer solutions for various tying, bundling, and securing needs. The specific choice depends on factors such as the application, required strength, flexibility, and desired appearance.
The article provides a comprehensive overview of key economic and market developments, including macroeconomic indicators, steel prices, and commodity trends. Here's the rewritten and improved version in English:
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