Steel price in the market on July 15, 2024

Ribbed steel: On July 15th, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3634 yuan/ton, an increase of 26 yuan/ton from the previous trading day. Specifically, the early morning snail futures rose strongly, and the overall domestic spot prices followed suit in the morning. In terms of transactions, the overall early trading was still acceptable, with active inquiries from downstream procurement. In the afternoon, the snail market fluctuated, and some market transaction prices slightly fell. The overall transaction situation was average.

Hot rolled coils: On July 15th, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3708 yuan/ton, an increase of 16 yuan/ton from the previous trading day. Black commodity futures fluctuated and rose, with a wide range of early morning prices in the spot market and average trading. In the afternoon, there was a slight decline in the market, but spot prices remained stable and trading weakened, with no significant changes in market prices. Overall, the market is still in a state of strong supply and weak demand, with high inventory levels and significant pressure for price increases.

Cold rolled coils: On July 15th, the average price of 1.0mm cold coils in 24 major cities across the country was 4144 yuan/ton, an increase of 1 yuan/ton from the previous trading day. The black futures market first rose and then fell, with a slight increase in early morning futures prices, driving some cities' spot prices to rise slightly. The trading atmosphere in the market has rebounded, and the afternoon market fluctuated downwards, with spot prices temporarily stable. The overall trading performance for the day was average. At present, market demand is still at a low level, and merchants' shipments are not smooth. Transactions are still mainly based on low-priced resources.

Medium thick plate: On July 15th, the average price of 20mm ordinary plate in 24 major cities across the country was 3733 yuan/ton, an increase of 11 yuan/ton from the previous trading day. The futures market continues to turn red and rise, and the trading atmosphere in the market has slightly improved. Overall transactions have increased compared to the previous trading day. According to market feedback, today's shipments are still acceptable, but traders have a general mentality and believe that the current market is in the off-season, and there is insufficient momentum for spot prices to rise. They will focus on shipping more now, and it is expected that the mid board prices will not continue to rise in the later stage.