SunSirs：Low alloy plate prices drop slightly（01/06-01/10)

1. Price Trend

According to the price monitoring of SunSirs, the price of low-alloy plate decreased slightly this week (01/06/2020-01/10/2020). Low alloy plate (manganese plate) (specification: 20 * 2200 * L; material: Q345B) The price on January 06 was 3878 yuan/ton, and the price on January 10 was 3877 yuan/ton, down 0.03% from the beginning of the week. From the trend of this week, the price of low alloy plate (manganese plate) may be stable in the short term.

2. Analysis of influencing factors

The Spring Festival is approaching, and construction sites in many provinces and cities in the south have stopped and workers are returning home. Heavy snow in the north, the logistics has not changed, traders gradually leave the market, and transactions are generally weak. This week, the low-alloy plate (manganese plate) social inventory continued to rise sharply, the accumulation process accelerated, inventory will continue to rise around the Spring Festival, and the market gradually entered the winter reserve mode.

3. Market Forecast

The supply and demand pattern of the spot market has changed this week: On the one hand, terminal demand has dropped to freezing point, and major project owners are mainly paying back money and no longer actively deliver. On the other hand, as the dust policy of winter storage for more steel mills is settled, the space for price suppression is also blocked, and dealers start to store goods in winter, and no longer pay attention to market prices. It is difficult for the supply side to reduce the volume significantly. The demand side can only rely on the dealer's winter storage to show up. Considering that next week is the last complete trading week before the Spring Festival, the construction site will be completely shut down and traders will gradually leave the market. Is about to enter a state of no value. Demand stagnates and prices consolidate. It is expected that the market price of low-alloy plate (manganese plate) will be mainly stable next week.

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