A516 heavy plate prices are expected to continue to rise this week

Looking back on the domestic A516 heavy plate market last week, the overall situation is relatively strong. In the short term, we mainly focus on the following factors: from the supply side, the current production restriction policy in Handan is implemented, which is expected to affect the daily output of about 6500 tons. In the later stage, the capacity utilization rate of steel plants will still be slightly lower, and the short-term price support will be strong.

On the circulation side, low-cost resources are gradually digested in the early stage, while the arrival cost is high in the late stage, and the market price may be easy to rise but difficult to fall; From the perspective of demand side, some market resources are tight at present, which has affected the pace of terminal procurement to a certain extent. As the Labour Day holiday is approaching, terminal customers still need to replenish the stock, and the price support this week is fair. Overall, it is expected that the price of A516 heavy plate will continue to rise this week.