11月21日，钢材现货市场小幅下跌，期货市场主要品种主力以跌为主，其中螺纹涨0.07%、热卷收平， 铁矿石跌0.32%，焦煤跌1.82%，焦炭跌1.31%。双焦跌势延续，再创阶段新低，五大钢材品种库存继续 回落，表观需求环比增加，但原料端持续下行，且市场整体情绪偏弱，期钢价格维持窄幅震荡运行。 一、多空因素分析 1.印度对涉华低灰冶金焦炭作出反倾销初裁 2025年11月14日，印度商工部发布公告，对原产于或进口自中国、澳大利亚、哥伦比亚、印度尼西亚、 日本和俄罗斯的低灰冶金焦炭（Low Ash Metallurgical Coke）作出反倾销肯定性初裁，并建议对这些国 家的该涉案产品征收临时反倾销税，利空钢材价格走势。 2.山东德州、淮北市启动重污染天气橙色预警 山东德州11月22日零时启动重污染天气Ⅲ级应急响应，性污染减排措施，强制性减排措施等。同时，淮 北市决定自11月21日0时启动Ⅱ级橙色预警，解除时间另行通知，实施工业源减排 20% 以上、停工限 产、禁行部分柴油货车等强制性措施。目前看，行业减排及施工管控会收缩钢铁产业链供给，短期强化 供需偏紧预期，利好钢材价格走势。 3.美联储12月降息的概率为3 ...

商务大数据显示，10月份，全国生产资料市场价格环比上涨0.2%。 从主要品种来看： 煤炭价格环比上涨1.2%，同比下降10.4%，其中，炼焦煤、二号无烟块煤、动力煤环比分别上涨3.1%、 1.4%和0.7%。 钢材价格环比下降1.2%，同比下降11.2%，其中，槽钢、热轧带钢、焊接钢管环比分别下降1.7%、1.5% 和1.4%。 化肥价格环比下降1.8%，同比下降8.1%，其中，尿素、三元复合肥环比分别下降2.0%和0.6%。 有色金属价格环比上涨3.0%，同比上涨4.6%，其中，铜、铝环比分别上涨4.9%和0.9%，锌价与上月基 本持平。 成品油价格环比下降1.4%，同比下降4.6%，其中，92号汽油、0号柴油、95号汽油环比分别下降1.5%、 1.5%和1.3%。 ...

有色金属价格小幅上涨，其中铝、铜、锌分别上涨2.0%、0.9%和0.8%。 煤炭价格继续上涨，其中炼焦煤、动力煤、无烟块煤每吨1076元、788元和1165元，分别上涨1.7%、 1.2%和0.1%。 商务大数据显示，11月10日至16日，全国生产资料市场价格比前一周（环比，下同）上涨0.9%。 基础化学原料价格以涨为主，其中硫酸、纯碱分别上涨4.1%和0.2%，聚丙烯、甲醇分别下降0.3%和 0.2%。 成品油批发价格小幅回升，其中0号柴油、92号汽油、95号汽油分别上升1.4%、1.1%和0.9%。 化肥价格略有上涨，其中三元复合肥、尿素分别上涨0.2%和0.1%。 钢材价格基本持平，其中螺纹钢、高速线材每吨3320元和3516元，分别上涨0.2%和0.1%，槽钢每吨 3563元，与前一周基本持平，普通中板、热轧带钢每吨3663元和3475元，均下降0.4%。 橡胶价格略有回升，其中合成橡胶、天然橡胶分别上涨0.3%和0.1%。 ...

Group 1: Agricultural Products Market - The national market prices for edible agricultural products remained stable from November 10 to 16, with no change compared to the previous week [1] - Wholesale prices for grains and oils were mostly stable, with rice and rapeseed oil holding steady, while soybean oil and peanut oil decreased by 0.2% and 0.1% respectively, and flour increased by 0.2% [1] - Poultry product prices showed slight fluctuations, with eggs decreasing by 0.3% and white-cut chicken increasing by 0.2% [1] - Meat wholesale prices experienced minor changes, with pork priced at 18.42 yuan per kilogram, down by 1.0%, while beef remained stable and lamb increased by 0.3% [1] - The average wholesale price of 30 types of vegetables was 5.67 yuan per kilogram, down by 0.4%, with cauliflower, rapeseed, and broccoli decreasing by 7.8%, 7.6%, and 4.9% respectively [1] - Wholesale prices for aquatic products slightly declined, with crucian carp, silver carp, and grass carp decreasing by 1.4%, 0.5%, and 0.1% respectively [1] - The average wholesale price of six types of fruits saw a slight increase, with watermelon, grapes, and pears rising by 3.7%, 1.0%, and 0.2% respectively [1] Group 2: Production Materials Market - The prices of basic chemical raw materials predominantly increased, with sulfuric acid and soda ash rising by 4.1% and 0.2% respectively, while polypropylene and methanol decreased by 0.3% and 0.2% [2] - Wholesale prices for refined oil showed a slight recovery, with 0 diesel, 92 gasoline, and 95 gasoline increasing by 1.4%, 1.1%, and 0.9% respectively [2] - Prices of non-ferrous metals experienced slight increases, with aluminum, copper, and zinc rising by 2.0%, 0.9%, and 0.8% respectively [2] - Coal prices continued to rise, with coking coal, thermal coal, and anthracite priced at 1076 yuan, 788 yuan, and 1165 yuan per ton, increasing by 1.7%, 1.2%, and 0.1% respectively [2] - Rubber prices showed a slight rebound, with synthetic rubber and natural rubber increasing by 0.3% and 0.1% respectively [2] - Fertilizer prices saw a slight increase, with compound fertilizer and urea rising by 0.2% and 0.1% respectively [2] - Steel prices remained mostly stable, with rebar and high-speed wire priced at 3320 yuan and 3516 yuan per ton, increasing by 0.2% and 0.1% respectively, while channel steel remained stable and ordinary medium plate and hot-rolled strip decreased by 0.4% [2]

Price Trends in Various Markets - The national production material market prices increased by 0.3% from the previous week [1] - Non-ferrous metal prices saw slight increases, with copper, zinc, and aluminum rising by 2.1%, 0.9%, and 0.7% respectively [1] - Coal prices continued to rise, with prices for smokeless lump coal, coking coal, and thermal coal at 1154 yuan, 1031 yuan, and 760 yuan per ton, increasing by 0.8%, 0.6%, and 0.3% respectively [1] - Rubber prices experienced a slight increase, with synthetic rubber and natural rubber both rising by 0.1% [1] - Basic chemical raw material prices showed slight fluctuations, with sulfuric acid, polypropylene, and methanol decreasing by 0.3%, 0.3%, and 0.2% respectively, while soda ash increased by 0.5% [1] Fuel and Fertilizer Prices - Wholesale prices for finished oil products slightly decreased, with 0 diesel, 92 gasoline, and 95 gasoline all dropping by 0.1% [2] - Fertilizer prices continued to decline, with urea and compound fertilizers decreasing by 0.4% and 0.1% respectively [3] - Steel prices saw a slight decrease, with channel steel, rebar, and ordinary medium plate priced at 3607 yuan, 3356 yuan, and 3738 yuan per ton, decreasing by 0.8%, 0.5%, and 0.3% respectively [3]

Summary of Agricultural Products Market - The national edible agricultural product market price decreased by 0.5% from the previous week [1] - Wholesale prices for poultry products saw a slight decline, with eggs and white strip chicken decreasing by 3.3% and 0.3% respectively [1] - The wholesale price of pork was 19.01 yuan per kilogram, down by 2.2%, while beef and lamb prices decreased by 0.3% and increased by 0.3% respectively [1] - Average wholesale prices for 30 types of vegetables were 4.77 yuan per kilogram, down by 0.4%, with cauliflower, broccoli, and spinach decreasing by 11.0%, 5.4%, and 3.5% respectively [1] - Average wholesale prices for six types of fruits showed slight fluctuations, with apples, bananas, oranges, and grapes decreasing by 0.7%, 0.5%, 0.3%, and 0.3% respectively, while watermelon increased by 6.5% [1] - Grain and oil wholesale prices remained stable, with rice and flour prices unchanged from the previous week, while prices for rapeseed oil, soybean oil, and peanut oil increased by 0.2%, 0.1%, and 0.1% respectively [1] Summary of Production Materials Market - Prices of non-ferrous metals saw a slight increase, with copper, zinc, and aluminum rising by 2.1%, 0.9%, and 0.7% respectively [2] - Coal prices continued to rise, with prices for smokeless lump coal, coking coal, and thermal coal at 1154 yuan, 1031 yuan, and 760 yuan per ton, increasing by 0.8%, 0.6%, and 0.3% respectively [2] - Rubber prices experienced a slight increase, with both synthetic and natural rubber rising by 0.1% [2] - Prices of basic chemical raw materials showed slight fluctuations, with sulfuric acid, polypropylene, and methanol decreasing by 0.3%, 0.3%, and 0.2% respectively, while soda ash increased by 0.5% [2] - Wholesale prices of finished oil products slightly decreased, with 0 diesel, 92 gasoline, and 95 gasoline all decreasing by 0.1% [2] - Fertilizer prices continued to decline, with urea and compound fertilizer decreasing by 0.4% and 0.1% respectively [2] - Steel prices showed a slight decrease, with channel steel, rebar, and ordinary medium plate priced at 3607 yuan, 3356 yuan, and 3738 yuan per ton, decreasing by 0.8%, 0.5%, and 0.3% respectively [2]

Price Trends in Various Markets - The national production material market prices remained stable from September 22 to 28, with minor fluctuations observed in specific categories [1] - Basic chemical raw materials saw slight declines, with sulfur down 3.8%, polypropylene down 1.3%, and methanol down 0.5%, while soda ash remained stable [1] - Fertilizer prices experienced a slight decrease, with urea down 0.6%, while compound fertilizers remained stable [1] - Steel prices were generally stable, with channel steel and hot-rolled strip steel decreasing by 0.5% and 0.4% to 3639 yuan and 3574 yuan per ton respectively, while rebar increased by 0.2% to 3391 yuan per ton [1] - Wholesale prices for finished oil products remained stable, with 0 diesel, 92 gasoline, and 95 gasoline showing no significant changes [1] Specific Material Price Changes - Rubber prices saw a slight increase, with both natural and synthetic rubber rising by 0.1% [2] - Coal prices showed a mixed trend, with thermal coal remaining stable at 759 yuan per ton, while coking coal and anthracite increased by 2.1% and 0.5% to 1021 yuan and 1142 yuan per ton respectively [2] Non-Ferrous Metal Price Movements - Non-ferrous metal prices were predominantly on the rise, with copper increasing by 1.7%, while zinc and aluminum saw slight declines of 0.6% and 0.1% respectively [3]

Agricultural Products Market - The national market prices for edible agricultural products remained stable from September 8 to 14, with a slight decrease in production material prices by 0.2% compared to the previous week [1] - Average wholesale prices for six types of fruits saw a minor decline, with grapes, citrus, and apples decreasing by 3.1%, 2.1%, and 0.6% respectively [1] - The average wholesale price for 30 types of vegetables was 4.75 yuan per kilogram, down by 0.2%, with cucumber, broccoli, and cauliflower decreasing by 8.7%, 4.4%, and 4.4% respectively [1] - Wholesale prices for aquatic products showed a slight decline, with crucian carp, carp, and grass carp decreasing by 1.3%, 1.2%, and 0.5% respectively [1] - Meat wholesale prices experienced minor fluctuations, with pork priced at 19.97 yuan per kilogram, down by 0.6%, while lamb and beef increased by 0.3% and 0.2% respectively [1] - Grain and oil wholesale prices showed slight fluctuations, with rice and rapeseed oil decreasing by 0.2% and 0.1%, while soybean oil and peanut oil increased by 0.2% and 0.1% respectively [1] - Poultry product wholesale prices saw a slight increase, with eggs and broilers rising by 3.3% and 0.1% respectively [1] Production Materials Market - The prices of basic chemical raw materials predominantly decreased, with sulfuric acid, soda ash, and polypropylene declining by 1.6%, 0.6%, and 0.1% respectively, while methanol increased by 0.5% [2] - Coal prices showed a stable decline, with coking coal and thermal coal priced at 1001 yuan and 756 yuan per ton, decreasing by 1.2% and 0.5% respectively, while smokeless block coal remained unchanged at 1136 yuan per ton [2] - Fertilizer prices continued to decline, with urea and compound fertilizer decreasing by 0.5% and 0.3% respectively [2] - Finished oil wholesale prices experienced a slight decrease, with 92-octane gasoline, 0-octane diesel, and 95-octane gasoline dropping by 0.2%, 0.2%, and 0.1% respectively [2] - Rubber prices saw a slight retreat, with synthetic rubber and natural rubber decreasing by 0.3% and 0.1% respectively [2] - Steel prices remained stable, with high-speed wire, rebar, and welded steel pipes priced at 3547 yuan, 3366 yuan, and 3795 yuan per ton, all decreasing by 0.1%, while ordinary medium plates, hot-rolled strips, and channel steel increased by 0.1% [2] - Prices of non-ferrous metals showed a slight increase, with aluminum and zinc rising by 0.8% and 0.6%, while copper prices remained unchanged [2]

Group 1 - The national production material market prices increased by 0.3% month-on-month in August [1] - Coal prices rose by 1.6% month-on-month but decreased by 10.3% year-on-year, with coking coal, thermal coal, and No. 2 smokeless block coal increasing by 5.1%, 1.1%, and 0.5% respectively [2] - Steel prices increased by 1.2% month-on-month and decreased by 3.3% year-on-year, with channel steel, ordinary medium plates, and welded steel pipes rising by 2.5%, 2.1%, and 1.9% respectively [2] Group 2 - Non-ferrous metal prices decreased by 0.3% month-on-month and increased by 6.8% year-on-year, with copper and aluminum prices falling by 0.5% and 0.2%, while zinc prices rose by 0.1% [2] - Fertilizer prices fell by 0.8% month-on-month and decreased by 9.8% year-on-year, with urea prices dropping by 0.9% and compound fertilizer prices increasing by 0.2% [3] - Refined oil prices decreased by 1.3% month-on-month and fell by 7.2% year-on-year, with prices for 0 diesel, 95 gasoline, and 92 gasoline declining by 1.4%, 1.1%, and 1.0% respectively [3]

Group 1 - The domestic futures market for light chemical sector showed mixed results, with fiber board futures experiencing high volatility, closing at 1276.50 yuan/ton, a slight increase of 0.12% [1] Group 2 - In Tangshan, steel mills are implementing production restrictions, resulting in low operating rates and capacity utilization, alongside transportation controls for National VI standard and new energy vehicles [2] - The mainstream prices for Tangshan section steel remained stable, with I-beam at 3390 yuan/ton, angle steel at 3400 yuan/ton, and channel steel between 3350-3400 yuan/ton, with weak transaction volumes [2] - As of mid-August 2025, the inventory of key steel enterprises was reported at 15.67 million tons, an increase of 600,000 tons or 4.0% from the previous period [2] - The total urban inventory for the week was 8.54 million tons, up by 340,100 tons (+4.15%) from the previous week, while the total inventory of construction steel was 4.64 million tons, increasing by 216,000 tons (+4.88%) [2] - The vice president of the China Iron and Steel Association, Xia Nong, indicated that the steel industry is expected to maintain a stable and positive trend due to continued national support for production regulation and the gradual implementation of comprehensive rectification policies [2]