Steel market price on May 6

Construction Steel: On May 6, the average price of 20mm Class III seismic rebar in 31 major cities across the country was 5,489 yuan/ton, an increase of 234 yuan/ton from the previous trading day. During the May Day holiday, major domestic cities generally rose. On June 6, the price of construction steel in most areas rose sharply in the morning. From the perspective of transaction, due to the holiday of most traders during the holidays, the market transaction volume increased on the first day after the holiday. In addition, the snail futures continued to rise in the afternoon, and the market sentiment was optimistic. It is expected that domestic construction steel prices may continue to rise on the 7th, and the rise will slow down.

Hot-rolled coils: On May 6, the average price of 4.75mm hot-rolled coils in 24 major cities across the country was 5,952 yuan/ton, an increase of 204 yuan/ton from the previous trading day. On the 6th, black commodity futures continued to strengthen after opening higher. Early quotations in the spot market rose sharply. After the rise, market transactions were better, the trading atmosphere was active, speculative demand was strong, and the terminal’s acceptance of prices also increased significantly. The afternoon market quotations continued Rising, and with some closures, the current overall dominant driving logic has not changed. Hot rolling still has room for growth, but the current steel mill profits continue to remain high, coupled with the completion of the preliminary maintenance, the steel mills speed up the schedule to cash in profits , It is expected that the output in May will hit a new high for the year, the overall fundamentals of hot rolling will deteriorate slightly, and the rising speed will slow down, but the current upward driving balance has not been broken, and the upward space will continue to exist and remain generally maintained. Optimistic posture.

Cold rolled coil: On May 6, the average price of 1.0mm cold coil in 24 major cities across the country was 6,343 yuan/ton, an increase of 170 yuan/ton from the previous trading day. Driven by the strengthening of black futures, the domestic steel market adjusted across the board on the 6th. According to cold-rolled merchants’ feedback, most regions have seen substantial increases driven by raw material hot-rolled prices, and the hot-cold spreads have further narrowed; from this week’s cold-rolled fundamentals It can be seen that the accumulation of stocks during the May Day holiday is more obvious, and the pressure still exists. It is expected that on the 7th, the domestic cold-rolled spot price increase may narrow.

Plate: On May 6, the average price of 20mm plain plates in 24 major cities across the country was 5904 yuan/ton, an increase of 198 yuan/ton from the previous trading day. On the 6th, the price increase was generally large, mostly after the holiday, the increase was between 100 yuan/ton to 270 yuan/ton, and the increase in the north was more obvious than that in the south. Most of the agents have arrived to replenish the inventory, and the transaction is good. According to mysteel’s weekly production and inventory data, plate production and double storage have increased significantly this week compared with building materials, and weekly consumption has shrunk less than building materials. It is expected that the price will still be supported in the short term. On the whole, the plate price will continue on the 7th. Mainly to supplement the increase, and the increase rate narrowed.