The price of A516 Gr 70 plate may weaken this week

Looking back on last week's domestic A516 Gr 70 plate market in China, the overall situation is rising first and then falling. In the short term, we mainly focus on the following factors: first, from the supply side, the pressure on the supply side of steel plants is not great; second, from the circulation side, with some speculative demand and profit arbitrage, the short-term market price is slightly loose. However, considering the high cost of late arrival, the price reduction of A516 Gr 70 plate is limited.

Third, the demand side situation, the current steel market and plant prices are at a high level, the end customer purchasing enthusiasm is not high, short-term demand still show declining signs. Overall, it is expected that the price of A516 Gr 70 plate may be weakened by shocks this week.