Today(July 16), Wuhan plate prices are consolidating. As of now, the price of 14-18mm general carbon steel plate Q235B Baosteel is 4020 yuan/ton, BBN steel price is 3970 yuan/ton; Q345B low alloy plate, 14-25mm specification 4180-4190 yuan/ton; low alloy 16mm continues to increase the price on the corresponding base price 10-20 yuan/ton.
Today's futures trend fluctuated downwards, and merchants were cautious to wait and see. In early trading, prices stabilized and weakened, mainly trading. In terms of transactions, the overall local transaction situation has not been good recently. Today, low-priced resources are acceptable, and high-priced resource terminals have low acceptance of purchases. Some businesses have reduced shipments by 10 yuan/ton to stimulate shipments.
According to the feedback from the steel market, more resources are currently concentrated in the terminal, and there are still short-term unloading. Secondly, a large amount of external resources will flow into the local market next week. It is expected that the overall market resources will increase significantly by the end of July. Q345B low-alloy steel resource situation, this week, the resources in Hong Kong have been unloaded into the warehouse, followed by BBN Steel resources continued to arrive in small quantities. This week's overall inventory increased slightly from last week, and the current inventory is about 25,000 tons. The subsequent arrivals of Pinggang, Hengrun, Shanggang, and Hanye resources are relatively concentrated, but the speed of warehousing is still limited by factors such as unloading at restricted terminals. Relatively slow.
On the whole, the current market demand has not improved, but the Q345B steel spot stock pressure is not great. Combined with the late arrival volume, short-term local mid-board prices will be in a dilemma.
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