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Steel spot market on August 30

Aug 31, 2021

Construction Steel: On August 30, the average price of 20mm Class III seismic rebar in 31 major cities across the country was 5304 yuan/ton, an increase of 34 yuan/ton from the previous trading day. In the short term, the recent crude steel reduction policy combined with environmental inspections will suppress the recovery of production to a certain extent; from the demand side, with the advent of the rebar consumption season, steel demand is expected to pick up. There is a certain gap in supply in the later stage, and as demand is released, the mismatch pattern of supply and demand will gradually appear over time.

Hot-rolled coils: On August 30, the average price of 4.75mm hot-rolled coils in 24 major cities across the country was 5,743 yuan/ton, an increase of 56 yuan/ton from the previous trading day. The spot market’s early quotations rose slightly. Some areas in the south made up for the weekend’s gains. After the gains, market transactions were better. As the market continued to strengthen in the afternoon, the spot prices also rose. The September maintenance plan of steel mills has increased significantly compared with the previous month. Therefore, the amount of northern resources going south will be significantly reduced. Some of the specifications of market vendors have begun to reflect the price increase of specifications, and they are unwilling to sell at low prices. The inventory pressure is not large, and the vendors basically maintain normal shipments. , Wait and see at a price.

Cold rolled coil: On August 30, the average price of 1.0mm cold coil in 24 major cities across the country was 6,507 yuan/ton, an increase of 17 yuan/ton from the previous trading day. According to market feedback, today's futures volatility is intensified and the hot-rolled spot price rises, and cold-rolled prices fluctuate upward. It is reported that today's mood in many places has risen, most of which are mainly based on transactions, the market has become more emotional to replenish goods, and downstream inquiries and orders have increased.

Plate: On August 30, the average price of 20mm common plate in 24 major cities across the country was 5,675 yuan/ton, an increase of 21 yuan/ton from the previous trading day. On the supply side, the frequency of maintenance and resumption of production in steel mills is still relatively high recently. In the short term, the output of steel mills may continue to be around 1.35 million tons, with limited room for increase or decrease. From a regional perspective, the current Southwest and South China regions have experienced significant year-on-year reductions in production. The Northwest, Central South, and East China regions showed a slight increase in production year-on-year, and the main subsequent reductions are expected to be in the northern region. In terms of circulation, the current price of a single steel mill is higher, the prices in East China and North China are flat, and the northern resources in the mid to late period are in full loss, which affects the enthusiasm of traders to order to a certain extent. In terms of demand, low-alloy transactions are better than ordinary carbon, and the price difference remains at a high level of 200-220 yuan/ton, reflecting to a certain extent that the demand for steel structures is relatively stable.

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