Steel spot market

Construction Steel: On May 24, the average price of 20mm Class III seismic rebar in 31 major cities across the country was 5168 yuan/ton, down 234 yuan/ton from the previous trading day. On the 24th, the snails fluctuated and weakened. In the morning, the price of construction steel continued to fall in most areas in the country, and the decline expanded. From the perspective of transactions, merchants mainly actively ship goods, but market speculative demand is not strong, downstream on-demand purchases, and overall transactions are still weak. In terms of steel mills, prices have fallen sharply recently. Construction steel production in some areas is already on the verge of profit or loss, and steel mills are not willing to continue falling prices. In terms of inventory, steel mill inventories increased slightly, and the rate of market inventory depletion slowed down.

Hot-rolled coils: On May 24, the average price of 4.75mm hot-rolled coils in 24 major cities across the country was 5495 yuan/ton, down 262 yuan/ton from the previous trading day. On the 24th, the spot market quotations fell sharply in the morning. After the decline, the market transactions were generally normal. In the afternoon, merchants continued to lower their quotations. The transactions improved slightly, and some low replenishment appeared. The current market mentality is a little panic. In addition, after the recent rapid decline, the pallet company has The demand for margin call appeared, and some merchants' funds were slightly tight, and there was a phenomenon of lowering prices and selling goods.

Cold rolled coil: On May 24, the average price of 1.0mm cold coil in 24 major cities across the country was 6,270 yuan/ton, down 187 yuan/ton from the previous trading day. Affected by the volatility and weakening of the electronic black futures market on the 24th and the general sentiment of rising and falling, the overall steel price continued to pull back. According to feedback from cold-rolled merchants, prices continued to fall sharply on the 24th, local market transactions were not smooth, and some traders replenished goods on dips, mainstream market merchants mostly lowered their shipments, lowering the warehouse ahead of time to cash; some steel mills recently settled prices It has been released one after another. Merchants reported that the settlement was too high, and traders faced greater losses. From the downstream perspective, downstream purchases were mainly on-demand, and purchasing sentiment was sluggish.

Plate: On May 24, the average price of 20mm general plate in 24 major cities across the country was 5,618 yuan/ton, down by 253 yuan/ton from the previous trading day. On the supply side, steel companies have high production enthusiasm and their ex-factory prices remain high. Steel companies are not looking down on sentiment. However, there is no transaction in the market, and it is inevitable that the ex-factory price may be passively lowered in the later period. Towards the end of the month, in order to withdraw funds, traders secretly lowered their sales. From the perspective of regional spreads, the current North-South spreads have expanded slightly, and the liquidity of resources will increase in the later period.