A572 grade 50 carbon steel plate market price forecast on June 5

On June 4, the average price of 16-20 mm A572 grade 50 carbon steel plate in China was 570 usd / ton, up 0.56 usd / ton from the previous trading day. On the market side, due to the shortage of resources in most markets and the fact that most of them are in a state of “high price but low volumes”, the stock A572 grade 50 carbon steel plate price was stable and dominated yesterday, while the overall futures market was weak and the overall trading performance was poor.

In terms of mentality, in recent years, most A572 grade 50 carbon steel plate specifications in some markets are seriously out of stock, and the resource problem cannot be solved, which has certain support for the later price. The price of A572 grade 50 carbon steel plate specifications in shortage is high, and the price increase is sharper compared with the usual.

On the whole, with the slow de-stocking, some markets will still maintain a tight state of resources in the short term, but A572 grade 50 carbon steel plate prices have been rising for several consecutive days, and the market mentality has been a little afraid of it. It is expected that the A572 grade 50 carbon steel plate prices will still be slightly weak today.