Steel spot market on September 27

Construction steel: On September 27, the average price of 20mm three-level seismic rebar in 31 major cities across the country was 5,773 yuan/ton, an increase of 22 yuan/ton from the previous trading day. Specifically, the price of building materials nationwide was temporarily stable when the market opened today, while individual markets rose slightly. From the perspective of transactions, there was a significant increase in transactions in the morning market today. Both rigid demand and speculation were actively entering the market, and there was an active demand for stocking before the holiday. Affected by the increased power restriction policies in various places during the intraday market, the spot price rose overall. After the increase, the transaction follow-up situation was generally acceptable. The transaction volume continued to increase throughout the day compared with yesterday.

Hot-rolled coils: On September 27, the average price of 4.75mm hot-rolled coils in 24 major cities across the country was 5,796 yuan/ton, an increase of 8 yuan/ton from the previous trading day. The market opened today. Driven by the rise in the night-time futures market last week, the spot market had a strong mentality. Merchants' quotations rose slightly in the morning. After the rise, the overall market transactions were generally average. In the afternoon, with the adjustment of futures, the spot market price dropped slightly, and the transaction did not improve. On the whole, the weak supply and demand environment still dominates the mainstream. The supply side of the market has contracted significantly, and the demand side has also been restrained by limited electricity. Basically, it is mainly based on rigid demand purchases, and the willingness to replenish the inventory is not strong.

Cold rolled coil: On September 27, the average price of 1.0mm cold coil in 24 major cities across the country was 6,485 yuan/ton, which was unchanged from the previous trading day. It is reported that today’s market transactions in many places are general, and the north-south spread has continued to expand. Some factories have learned that orders were delivered at a discount in October, and cold-rolled resources were slightly tight. Due to the tepid performance of downstream industries, traders Most of them are based on shipments, the market sentiment is weak, and the downstream purchases are mostly on-demand.

Medium and heavy plates: On September 27, the average price of 20mm common plates in 24 major cities across the country was 5,762 yuan/ton, an increase of 8 yuan/ton from the previous trading day. Judging from today's market performance, after a tentative increase in dealer quotes in early trading, the transaction was fair. On the supply side, due to the impact of power restrictions, the output of steel mills in East China has declined significantly, and most steel mills adjusted their shipment discounts. But at the same time, some downstream steel producers in Jiangsu have received notices to stop production, which has suppressed demand to a certain extent. The current market structure is difficult to get rid of the pattern of weak supply and demand.