Steel market price on December 6, 2022

Construction steel: On December 6, the average price of 20mm Grade III anti-seismic deformed steel bars in 31 major cities nationwide was 3964 yuan/ton, down 3 yuan/ton from the previous trading day. Specifically, the snail shock was weak during the opening of the morning market, and the price of domestic construction steel was temporarily stable in the morning. From the aspect of transaction, speculative demand is low, the enthusiasm of purchasing just needs is average, the overall transaction is weak, the merchants are cautious, and the operation is mainly to reduce the stock and return the funds, which is obvious. In the afternoon, as the futures snail rose slightly, the super low price resources in the market disappeared, and the transaction price gradually returned to the mainstream.

Hot rolled coils: On December 6, the average price of 4.75mm hot rolled coils in 24 major cities nationwide was 4004 yuan/ton, down 4 yuan/ton from the previous trading day. The spot price in the morning fell slightly, and the transaction was weak. With the continuous volatility of the market, the transaction in the spot market continued to weaken in the afternoon. There were many cases of lack of specifications in the market, and most merchants did not choose to sell at a reduced price. On the whole, spot transactions continue to be weak, market demand is still dominated by rigid demand, and speculative demand is weakened. Near the Spring Festival, both supply and demand are still weak, and the short-term market may continue to be dominated by shocks.

Cold rolled coil: On December 6, the average price of 1.0mm cold coil in 24 major cities nationwide was 4475 yuan/ton, up 2 yuan/ton from the previous trading day. In the morning, the market quotations were cautious and stable due to the decline of the night market, and there was a certain bargaining space. With the continuous volatility of the market, the spot prices in East and Central China markets rebounded, but after the rise, the high transaction was weak, and the low transaction was fair. In addition, the enthusiasm of the merchants for ordering was not high, so the current operation was still dominated by stock removal. In terms of mentality, the market fluctuates rapidly in recent days. With the coming of the inventory inflection point, the market mentality is cautious and pessimistic, and the expectation of future market rise is not strong.

Medium and heavy plate: On December 6, the average price of 20mm plain plate in 24 major cities nationwide was 4034 yuan/ton, down 2 yuan/ton from the previous trading day. Today, after yesterday's rise, the price stabilized, mainly in terms of shipment and inventory reduction, and the transaction was slightly weak. As the overall supply side is low at the beginning of this year, the output in the last three quarters has been high, and the steel enterprises have no intention to reduce production actively to ensure the production base next year. In addition, after the relaxation of the policy, the traders' mentality has slightly improved, and the willingness of downstream to take goods has increased, so high supply is still the main tone in the future. The price of raw materials is firm, supporting the price of steel, and the demand for falling prices is expected to be good.