Steel price in the market on June 17, 2024

Screw thread steel: On June 17th, the average price of 20mm three-level seismic resistant screw thread steel in 31 major cities across the country was 3707 yuan/ton, a decrease of 18 yuan/ton from the previous trading day. In the short term, with the rainy season in the south and high temperatures in the north, terminal demand is once again suppressed, and purchasing enthusiasm continues to decline. Some businesses have shown signs of selling at lower prices to reduce inventory.

Hot rolled coil: On June 17th, the average price of 4.75mm hot rolled coil in 24 major cities nationwide was 3777 yuan/ton, a decrease of 14 yuan/ton from the previous trading day. Recently, financial data has shown weak performance, while real estate data has not shown significant improvement. The overall black series still revolves around a decline in bearish sentiment, and is also affected by the traditional off-season. Many regions have launched flood control level four emergency response measures, and high temperatures have combined to affect demand. But there are still positive factors in the later stage, and the policies from next month's important meeting may support the market.

Cold rolled coil: On June 17th, the average price of 1.0mm cold coil in 24 major cities across the country was 4278 yuan/ton, a decrease of 5 yuan/ton from the previous trading day. On the 17th, the price of hot rolled black futures fluctuated downward. Currently, customers have reported that the market situation is not good, and market transactions are still relatively low. With weak demand and high inventory, cold rolled spot prices have followed the trend of futures prices. From a psychological perspective, end customers are cautious in their procurement plans and prioritize basic needs.

Medium thick plate: On June 17th, the average price of 20mm regular plate in 24 major cities across the country was 3846 yuan/ton, a decrease of 11 yuan/ton from the previous trading day. On the 17th, the black futures market was floating green, with most markets falling 10 yuan/ton in the morning. According to market feedback, trading was light on the 17th, with few downstream purchases and almost stagnant. In the afternoon, some cities lowered their prices by 10 yuan/ton again. At present, raw material prices are declining, coke prices are falling, cost support is weakening, and steel mills have average profits. However, production enthusiasm has not significantly weakened at present. The market has almost no locked price resources, and the liquidity of resources in the north and south has weakened. The market mainly focuses on on-demand procurement.