Rebar: On December 24, the average price of 20mm three-level seismic rebar in 31 major cities in the country was 3,494 yuan/ton, up 4 yuan/ton from the previous trading day. In the short term, some steel mills have production cuts in the near future, supply pressure has eased, while the southeast region has a rush period phenomenon, the marginal toughness of demand is acceptable, the contradiction between supply and demand is not prominent, so it is expected that the spot price on the 25th May continue to run in a narrow range.
Hot-rolled coil: On December 24, the average price of 4.75mm hot-rolled coil in 24 major cities in the country was 3509 yuan/ton, down 4 yuan/ton from the previous trading day. The recent market is cold, supply is still not much, the spot market due to inventory is not much, some merchants are reluctant to sell strong sentiment, prices continue to be strong, supply and demand weak balance pattern continues, it is expected that in the short term hot rolled coil prices or will continue to maintain shock operation.
Cold-rolled coil: On December 24, the average price of 1.0mm cold coil in 24 major cities in the country was 4232 yuan/ton, down 1 yuan/ton from the previous trading day. The current hot and cold price difference exceeds the normal level, in the case of cold rolling profit, the production side of the production enthusiasm is still high, but the current state-owned steel mill orders are still mainly for the terminal, the market circulation resources slowed down, so the short-term market circulation inventory pressure is less. Merchants said that although there is a certain toughness in short-term cold rolling prices, the overall market demand is lukewarm, and even a little weak, the offer is difficult to have a deal, and the mentality is more cautious. Near January, in order to avoid the risk of falling prices in the afternoon, more and more futures have been adjusted in the near future. In summary, it is expected that the price of domestic cold-rolled coil will continue to consolidate on the 25th.
Medium and thick plate: On December 24, the average price of 20mm general plate in 24 major cities in the country was 3585 yuan/ton, down 3 yuan/ton from the previous trading day. From the supply side, the new medium and thick plate steel mill repair and stop production within the week, the steel mill capacity utilization rate, production slightly decreased, the arrival of market resources in general, the market inventory level is not high, and some specifications are short. From the demand side, the off-season demand is weak, traders at the end of the month mostly to ship back funds, downstream terminals cautious on-demand procurement. On the whole, it is expected that the price of medium and thick plate in the country will be stable on the 25th.
Post time: Dec-24-2024