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SunSirs: Consolidation of plate prices in Tangshan and Wuxi on May 12
May 13 2020 09:21:03SunSirs(Molly)

Product

Region

Specification (mm)

Mills

Price (yuan/ton)

Mild Steel Plate

Tangshan

10

Tang Steel

3760

Mild Steel Plate

Tangshan

14

Tang Steel

3580

Mild Steel Plate

Tangshan

16-20

Tang Steel

3580

Low Alloy Steel Plate(Mn)

Tangshan

16-20

Tang Steel

3780

Mild Steel Plate

Wuxi

14-20

Shagang

3890

Mild Steel Plate

Wuxi

12

Shagang

3920

Mild Steel Plate

Wuxi

10

Shagang

3980

In terms of market, the plate prices in Wuxi market remained stable today, and the raw material insured price supported 3140 yuan / ton this morning. Some merchants have a strong willingness to price, but with the adjustment of steel shocks, the market mentality tends to wait and see. Purchasing and buying, mainly cautious operation, limited support on the demand side, it is expected that the short-term plate prices in Wuxi market will remain stable at a low level and a high level will narrow down.

In terms of market, the market price of medium and heavy plates in Tangshan market has maintained stable operation. Judging from the market understanding, under the influence of the steel shock this morning, the market demand performance is slightly different, the actual order purchase is mainly cautious, the transaction is flat, the current inventory pressure is not big, the prices of large traders are more uniform, and the cost side is trending Under the support, the spot mentality tends to be stable and wait and see. For steel mills, the current factory price of Tangzhong Zhonghou is stable at 3590 yuan / ton, low alloy plus 200 yuan / ton. It is expected that the prices of plate in the Tangshan market will remain stable and wait and see.

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