Steel market price on June 21

Construction steel: On June 21, the average price of 20mm three-level seismic rebar in 31 major cities across the country was 5,054 yuan/ton, down 72 yuan/ton from the previous trading day. In the early trading period, snails fluctuated and weakened. In the morning, prices in most areas of the country fell weakly, and some areas fell sharply. Driven by the drop in iron ore in the afternoon, the snails dived again and the market sentiment was sluggish. From the perspective of transactions, speculative demand in the market is sluggish, low transactions are still weak, and transactions are deserted. It is expected that the market price of construction steel products will continue to weaken in the short-term.

Hot-rolled coils: On June 21, the average price of 4.75mm hot-rolled coils in 24 major cities across the country was 5454 yuan/ton, down 68 yuan/ton from the previous trading day. Today, the black commodity futures market has fallen sharply, the market mentality has further weakened, and the quotations have also fallen. At present, the market supply remains high. Coupled with the off-season demand, the major downstream consumption of hot-rolling has all declined month-on-month. Spot transactions are only at 70%-80% of the normal level. Inventories have begun to accumulate, and the supply and demand side will continue to run downward under pressure. It is expected On the 22nd, hot coil spot prices continued to weaken.

Cold rolled coil: On June 21, the average price of 1.0mm cold coil in 24 major cities across the country was 6,199 yuan/ton, down 34 yuan/ton from the previous trading day. Affected by the sharp decline of black futures, some varieties continued to make up for the fall in the afternoon, cold-rolled spot prices fell overcast, and actual transactions were still not satisfactory. Affected by high costs and short-term bearish expectations, cold-rolled merchants mostly shipped more products. From the downstream point of view, more on-demand purchases are the main focus, short-term sentiment still exists, and a small amount of replenishment on dips. It is expected that on the 22nd, domestic cold-rolled spot prices will fluctuate mainly downward.

Plate: On June 21, the average price of 20mm common plate in 24 major cities across the country was 5,446 yuan/ton, down by 50 yuan/ton from the previous trading day. On the supply side, since the national weekly production of medium and heavy plates hit a new high for the year last week, there will be a steel plant overhaul plan in the later period, and the output is expected to drop slightly from the high level. In terms of circulation, the spot price of the medium board has fluctuated frequently recently, and market transactions are still poor. At present, social inventories are already in a state of accumulation. On the demand side, the data on excavator sales, Komatsu machinery start-up time, and heavy truck sales announced in May all reflect the trend of weaker demand side. It is comprehensively expected that the price of medium and heavy plates will run weakly in the short term.