In May, after the off-season of the traditional steel market, the contradiction between the supply and demand side of the HG785D steel plate was raised again. Whether market demand will shrink significantly and whether steel mills will have a limited production policy will be an important factor in determining whether fundamentals can continue to support the market. Based on the above analysis, it is expected that the market will be adjusted tomorrow. According to data, the average price of the Ф6.0mm high-line in key domestic cities was 4,439 yuan (ton price, the same below), an increase of 14 yuan. The average price of Ф25mm three-level rebar in key domestic cities was 4,203 yuan, up 8 yuan. Leading cities: Beijing High Line (6mm) was 4,880 yuan, unchanged. The mainstream specification of grade 3 rebar (25mm) was 4,130 yuan, down 40 yuan. Shanghai market high line 4330 yuan, up 20 yuan. The third grade rebar is 4,140 yuan, up 20 yuan.
HRC: Domestic HRC prices fluctuated within a narrow range on the first day after the holiday, with the rising trend prevailing. According to tests, the average domestic hot rolled coil price on May 5 was 4,058 yuan, an increase of 8 yuan from the previous trading day, and an increase of 42 yuan from the same period last week. Affected by yesterday ’s transaction, the prices in many places opened slightly higher today, and market transactions were relatively good. Large Handan households sold around 1,000 tons, and Beijing big households sold at 300 tons. This is more bearish for early May.
Next post: Beijing's local HG785D steel plate market appears to have insufficient upward momentum
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