Due to the shrinkage of the transaction and the weak market mentality, the China spot Q345B steel price continued the previous downward trend.
In recent weeks, the China spot steel price composite index closed at 159.33 points, a week down 1.71%. Recently, the relevant futures market continued to fall sharply, and the market mentality was pessimistic. Spot Q345B steel market continued downward, and the decline has been widened. The market turnover atmosphere is cold and clear, and the shrinkage is obvious.
According to the analysis, in the Q345B steel etc. sheet metal market, the price is generally downward. The price of hot-rolled coil has dropped significantly. The average market price of hot-rolled products of mainstream specifications in major markets in China is 4070 yuan per ton, and 84 yuan per week. Q345B steel etc. medium and heavy plate prices have fallen sharply, with the average price of medium plate in the mainstream specifications of major markets in China being 4272 yuan per ton and 63 yuan per week. Late consumption is coming soon, and the market mentality is pessimistic.
Relevant institutions analysis that the current Q345B steel market mentality tends to be cautious, prices fell, but also released a certain risk. In the short term, China Q345B steel prices are generally in a downward trend after consolidation.
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