Steel spot market on September 13

Construction steel: On September 13, the average price of 20mm three-level seismic rebar in 31 major cities across the country was 5589 yuan/ton, an increase of 64 yuan/ton from the previous trading day. Specifically, driven by the weekend steel mills' upward adjustment and the early-market spiral rise, the domestic construction steel prices in various regions in the early trading continued the weekend's upward trend. In the afternoon, as raw materials and rebar futures fell, finished products were dragged down to a certain extent, and prices in some areas fell from high levels. From the perspective of transactions, the spot market has risen sharply recently, and traders are actively cashing out, but most of the terminals have a wait-and-see attitude. In addition, some construction sites in East China have been suspended due to the recent typhoon, and the overall transaction performance is average.

Hot-rolled coils: On September 13, the average price of 4.75mm hot-rolled coils in 24 major cities across the country was 5850 yuan/ton, down 7 yuan/ton from the previous transaction. Today’s black commodity futures market weakened sharply, and the spot market’s early quotations rose slightly to make up for the weekend. However, after the rise, market transactions were weak. As the market weakened in the afternoon, the spot prices also began to fall. However, the transaction still did not improve significantly after the fall. Affected by Typhoon Sundo in the area of Eastern China, many terminals, warehouses, and downstream construction sites have suspended operations, resulting in a significant drop in actual demand in Eastern China today. From the current point of view, the expectation of limited production on the supply side still exists. The limited production in Jiangsu and the dual control of energy consumption in Yunnan and other places have no signs of continued weakness on the demand side. The inventory continues to digest. Overall, the view on the market is still biased. Optimistic, the demand from East China affected by the weather will also be supplemented after the typhoon.

Cold rolled coil: On September 13, the average price of 1.0mm cold coil in 24 major cities across the country was 6,537 yuan/ton, an increase of 2 yuan/ton from the previous trading day. Today, the futures market was volatile and weak, and the spot hot-rolled market fell slightly. It is reported that today's market transactions in many places are average. The national cold-rolled daily sales fell by 4.73% compared with the previous trading day. The cold-rolled market is not tepid. Traders mostly focus on shipments. Market sentiment is weak, and there are more downstream Purchasing on demand.

Plate: On September 13, the average price of 20mm plain plates in 24 major cities across the country was 5768 yuan/ton, an increase of 5 yuan/ton from the previous trading day. Today’s futures market plunged in the afternoon, and prices in some areas have slightly adjusted. According to market feedback, some agents have mainly explored the rise, and the recent market transactions have been generally poor. From the perspective of steel mills, the order is acceptable, and the base price of the locked order has increased between 10 and 50 yuan/ton.