Steel spot market on July 19

Construction Steel: On July 19, the average price of 20mm Class III seismic rebar in 31 major cities across the country was 5344 yuan/ton, an increase of 68 yuan/ton from the previous trading day. Due to the sharp rise in the night trading futures last Friday, which led to the rise in the spot market over the weekend, the price of construction steel in most areas in the country continued to rise over the weekend in the morning. From the perspective of transactions, due to the mid-market volatility and the decline in the spot market, the trading atmosphere in the spot market was generally performed. After the rise, the transaction was not smooth, and speculative demand was mainly cautious. At present, driven by the emotional side, the spot market has continued to rise. However, due to the recent low demand season, the overall upward momentum is slightly insufficient, and the spot market is greatly disturbed by disk and policy factors. It is expected that the price of domestic construction steel market may slow down on the 20th, so beware of rising and falling.

Hot-rolled coils: On July 19, the average price of 4.75mm hot-rolled coils in 24 major cities across the country was 5829 yuan/ton, an increase of 43 yuan/ton from the previous trading day. The early quotations of the spot market rose sharply. After the rise, market transactions were weak. Merchants immediately lowered some of their quotations. Although the recent disk and spot trends have converged, the range is obviously different. The game between reality and expectations is still going on. The strong disk trend always premiums the spot. Under the logic of the off-season of demand, the disk has not been beaten, so the situation of post-premium spot is expected to continue.

Cold rolled coil: On July 19, the average price of 1.0mm cold coil in 24 major cities across the country was 6,503 yuan/ton, an increase of 48 yuan/ton from the previous trading day. According to the feedback of cold-rolled merchants, the actual transactions today are average, and some areas show a situation where there is no market, and the transaction is not satisfactory. Supported by the near-term production policy, merchants mostly follow the market and follow the rise. From the downstream point of view, the traditional off-season downstream companies mostly purchase on demand, and there is a certain amount of pressure on funds. It is expected that on the 20th, domestic cold-rolled spot prices will continue to fluctuate mainly in some areas.

Plate: On July 19, the average price of 20mm common plate in 24 major cities across the country was 5,684 yuan/ton, an increase of 52 yuan/ton from the previous trading day. Since the output of steel mills that resumed production in the early stage has recovered, the output of medium and heavy plates has rebounded. However, in the long run, the decline in production is a trend, and the pressure on the supply of medium plates will be relieved in the future. In terms of circulation, except for some regions, speculative demand in most markets is not high. However, driven by the upward price, the circulation situation has improved compared with the first half of the year, and social inventory finally ushered in an inflection point last week, but the year-on-year increase is still huge. In terms of demand, the downstream demand has not recovered significantly at present, but new orders have increased compared with May and June. It is optimistic that there will be repairs at the end of July and August. It is comprehensively predicted that the price of medium and heavy plate will be strong in the short term.