Steel price in the market on December 19, 2023

Screw thread steel: On December 19th, the average price of 20mm three-level seismic resistant screw thread steel in 31 major cities across the country was 4056 yuan/ton, a decrease of 2 yuan/ton from the previous trading day. In the early trading session, the price of construction steel in major cities in China remained stable overall, with some continuing to decline. In terms of transactions, the morning market transactions were average, with a significant drop in actual transaction prices and a slight rebound in intraday futures prices. The market transaction performance slightly improved, with low-priced resources disappearing and prices stabilizing. Affected by the cooling and rainy weather, merchants have reported average overall transaction performance.

Hot rolled coil: On December 19th, the average price of 4.75mm hot rolled coil in 24 major cities nationwide was 4058 yuan/ton, an increase of 2 yuan/ton from the previous trading day. The black commodity futures market has fluctuated slightly and risen. Currently, steel mill costs are still high, and most production enterprises are still in a loss making stage. With support from the bottom of the market and pressure from the top, prices continue to show a volatile pattern. Recently, temperatures have plummeted in various regions, market transactions have weakened, and prices have remained high. As a result, terminals continue to rely mainly on on-demand procurement, resulting in weak market transactions. It is expected that the prices of hot-rolled coils may continue to fluctuate in the near future.

Cold rolled sheet and coil: On December 19th, the spot price of cold rolled sheet and coil in China remained stable, with a national average price of 4761 yuan/ton, unchanged from the previous trading day. The black futures market rebounded weakly, with most market merchants offering flat prices, while some market merchants slightly lowered their prices in order to ship. According to feedback from market merchants, the overall trading atmosphere in the current market is relatively average, with downstream terminals mainly purchasing on demand. The overall inventory pressure in the market is not significant, and most merchants are cautious and cautious.

Medium thick plate: On December 19th, the average price of 20mm regular plate in 24 major cities across the country was 4082 yuan/ton, an increase of 1 yuan/ton from the previous trading day. The futures market fluctuated widely, with cautious trading and average overall trading. According to market feedback, the short-term structural contradiction of the fundamentals is limited, and the fourth round of rising prices for coke on the cost side continues to operate. Safety accidents on the coking coal side continue to occur, and iron ore slightly weakens. High costs provide strong support for the price of the medium plate. Against the background of inverted profits for steel mills, there is a strong willingness to raise prices, and the spot trading sentiment on the demand side is becoming weaker. Some downstream terminals replenish their inventory as needed based on order conditions. The traditional off-season and weather affect downstream construction progress, Lack of willingness to actively purchase.