The price of Zhengzhou medium plate market rose sharply last week. In terms of normal carbon plate, the market price of BBN steel carbon steel
ASTM A36 medium plate 14-25mm is 4450 yuan/ton. For low alloy, the market price of BBN steel 14-25mm low alloy plate is about 4750 yuan/ton. For boiler and pressure vessel plates, the market price of BBN steel Q245R steel 14-25mm plate is around 4700 yuan/ton. The market price of Q345R medium plate 14-25mm is around 4,820 yuan/ton.
Looking back on last week, continuing the last weekend's gains, the price of the heavy plate market rose rapidly at the beginning of the week, but there was insufficient follow-up due to high transactions. The market gradually stabilized in the middle of the week, and driven by the futures market, the market price began to rise steadily from the afternoon of January 7. In terms of resources, the BBN steel staker unit has resumed production, while the medium plate unit is still under maintenance. Due to the recent shortage of molten iron, the current medium plate output is relatively limited and the market inventory has dropped significantly. On the whole, under the support of lower inventories, it is expected that the local plate market prices will remain firm in the short term.
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