Steel spot market on July 27

Construction steel: On July 26, the average price of 20mm three-level seismic rebar in 31 major cities across the country was 5,453 yuan/ton, an increase of 66 yuan/ton from the previous trading day. Driven by the rise in Friday night futures, the early spot market continued its weekend gains, and the domestic construction steel prices rose across the board in the morning. From the perspective of transactions, East China and Central China were affected by typhoons and floods, and the overall transaction performance was average, while the southern region had better shipment levels. As the demand is still in the off-season, terminal on-demand procurement is the main focus, and the speculative demand performance is average. It is expected that domestic construction steel prices may continue to rise on the 27th.

Hot-rolled coil: On July 26, the average price of 4.75mm hot-rolled coil in 24 major cities across the country was 5849 yuan/ton, an increase of 46 yuan/ton from the previous trading day. Today's black commodity futures fluctuated upwards, the spot market had strong confidence, merchants' quotations rose, and the overall transaction was average. Futures fell in the afternoon, and the wait-and-see sentiment in the spot market increased. The current market demand is still in the off-season, and market transactions are difficult to release significantly. However, under the influence of production restrictions, businesses are more optimistic about the outlook for the market. There is still an upward trend in short-term prices, but the range may be limited. On the whole, it is expected that the price of hot-rolled coil on the 27th may fluctuate and run strongly.

Cold rolled coil: On July 26, the average price of 1.0mm cold coil in 24 major cities across the country was 6,507 yuan/ton, an increase of 17 yuan/ton from the previous trading day. Today’s actual transactions are weak, and most merchants focus on shipments. The transaction prices in some areas have appropriate discounts. Recently, the settlement of steel mills has been relatively high, which has certain support for prices. From the downstream perspective, more on-demand purchases are also pressured on capital turnover. . It is expected that on the 27th, domestic cold-rolled spot prices will continue to fluctuate mainly in some areas.

Plate: On July 26, the average price of 20mm plain plates in 24 major cities across the country was 5710 yuan/ton, an increase of 39 yuan/ton from the previous trading day. Affected by the increase in the futures market and the weakening of the typhoon stimulus in some areas, the spread between the north and the south has widened. The price increase in the north is obvious, and the price in the south has risen steadily. The transaction is generally average, and some areas have risen in the afternoon but the transaction is weak; in the steel mill, North Steel Plants also rose significantly, mostly in the range of 50-130 yuan/ton, driving the market to follow up. On the whole, there is still room for price increase in the near future. Due to weather factors, it is expected that the price of the national medium board will be adjusted mainly on the 27th, and the increase will shrink.