Steel price in the market on December 23, 2024

Threaded steel: On December 23rd, the average price of threaded steel in major cities across the country was 3490 yuan/ton, an increase of 6 yuan/ton from the previous trading day. Specifically, in the morning trading session, futures contracts fluctuated at a low level, and spot prices in various domestic markets remained weak and stable. In terms of transactions, the morning market was sluggish, but rebounded from a low point in the afternoon. Merchants reported that the overall market demand has rebounded, and the terminal procurement volume has increased, resulting in a significant increase in trading volume throughout the day.

Hot rolled coils: On December 23rd, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3513 yuan/ton, an increase of 2 yuan/ton from the previous trading day. Low season demand expectations are pessimistic, and negative feedback pressure continues to repeatedly impact the market. Currently, black hot coil futures remain weak and stable, closing at a small bullish line. From a supply perspective, the overall decline is limited, and the market's expectations for winter storage are pessimistic. Additionally, some steel mills are reducing production and entering the year-end maintenance phase due to environmental factors as the end of the year approaches.

Cold rolled coil: On December 23rd, the spot price of cold-rolled coil in China fluctuated, with a national average price of 4233 yuan/ton, an increase of 3 yuan/ton from the previous trading day. Specifically, the hot coil futures market is fluctuating, with some market prices slightly rising. Most market prices are stable, and the trading atmosphere in the market is relatively average. According to feedback from traders in East China, the market is currently in a seasonal off-season and approaching the end of the year, with poor trading performance. Currently, the main focus is on selling and withdrawing funds, and transactions are mostly concentrated in low-priced resources.

Medium thick plate: On December 23rd, the average price of 20mm ordinary plate in 24 major cities across the country was 3588 yuan/ton, an increase of 3 yuan/ton from the previous trading day. Futures fluctuated strongly in the morning session, with a good trading atmosphere in the mid board spot market in the morning and fewer inquiries in the afternoon. Overall shipments were better than last Monday. It is understood that the current delivery speed of steel plant resources is still slow, and the inventory of medium and thick plates continues to be low. The shortage of ordinary plate resources in major markets such as Shanghai, Lecong, and Wu'an is relatively serious, and ordinary plates are sold at a markup, resulting in a continuous narrowing of the price difference between ordinary and manganese.