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Steel market price on May 18

May 20, 2021

Rebar: On May 18, the average price of 20mm three-level seismic rebar in 31 major cities across the country was 5,775 yuan/ton, down 51 yuan/ton from the previous trading day. On the 18th, the spot market continued to dive with futures, and the actual transaction price generally dropped darkly. In the short term, after the price has risen and fallen, the speculative demand has decreased, but the terminal low-price purchases have increased, and the overall situation of the warehouse is acceptable. It is expected that on the 19th, domestic construction steel prices may continue the downward trend, and the range will continue to narrow.


Hot-rolled coils: On May 18, the average price of 4.75mm hot-rolled coils in 24 major cities across the country was 6,230 yuan/ton, down 28 yuan/ton from the previous trading day. At present, the fundamentals have not changed much, the demand is still weak, and the merchants are mostly holding a wait-and-see attitude. The short-term market weakness is mainly adjusted. On the whole, it is expected that the market price of hot-rolled coil on the 19th will remain volatile and weak.


Cold rolled coil: On May 18, the average price of 1.0mm cold coil in 24 major cities across the country was 6,914 yuan/ton, down 40 yuan/ton from the previous trading day. From a fundamental point of view, the supply pressure is on the high side. After traders have reported that prices have dropped sharply in the past few days, the market is bearish, and the market price is low, but the transaction is still not good. For steel mills, the current steel mills’ order prices are high. Decrease, but the price is still at a high level, the order price and market sales price are seriously inverted, and traders are not very motivated to place orders. On the whole, domestic cold-rolled prices run weakly on the 19th.


Plate: On May 18, the average price of 20mm general plate in 24 major cities across the country was 6,312 yuan/ton, a decrease of 35 yuan/ton from the previous trading day. On the 18th, key areas experienced various degrees of correction, and other cities followed suit. Due to the excessive price increase in the previous period, the downstream market was cautious in obtaining goods, and the overall market transaction slowed down. Reluctantly, the recent downturn in market prices has not stimulated the trading atmosphere, transactions are still difficult to pick up, and the market is basically priceless. From the point of view of the spread between the north and south regions, although it has expanded compared with the previous period, the circulation of Beicai to the south is still not strong. From the perspective of raw materials, cost support is strong, and steel companies have limited their ex-factory prices to maintain the market. On the whole, it is expected that the national plate market prices will consolidate at a high level on the 19th.

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Rogers

Rogers Zhang