Shanghai medium and heavy plates market weekly review

This week (6.8-6.12), the overall price of Shanghai's medium and heavy plates increased slightly, and the overall sentiment was relatively stable. Upstream steel mills continued their upward momentum this week, superimposing the current situation where steel mill orders are relatively saturated, and there is relatively solid support for steel mill prices. In the market circulation, Katalor Industry's medium and heavy plate inventory is currently about 1,500 tons, and some specifications are slightly out of stock. In terms of materials, the Q345B heavy plate is selling more than mild steel plates.

 

Judging from the transaction feedback, this week's major local majors still have sales support for some time periods, so the willingness to lower prices to stimulate shipments is generally not strong. Judging from the situation in the surrounding areas, short-term periodicity due to the influence of some steel mills to lock in the order price will have a short-term impact on the market price, and the impact on the local price in the rest of the time is basically limited. It is expected that the price of the medium and heavy plate market will be dominated by sideways consolidation next week.

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