The short-term price of HR coil and CS plate evaluated by BBN steel

On May 13, the average price of 4.75mm HR coil in 24 major cities in China was 495.27 US dollars / ton, up 0.28 US dollars / ton from the previous trading day. Yesterday, the black commodity futures market opened at a low price and went higher. The early quotation of the spot market was temporarily stable, and the market turnover was average. In the afternoon, with the recovery of the market, the turnover improved. At present, even if the transaction is weak, the merchants have no intention to reduce the price for shipment. On the one hand, the market resources are significantly lower than that in the early stage, and the resources in the hands of the merchants are not many. On the other hand, the market continues to rise. With the demand picking up and the two sessions approaching, the market is more optimistic about the later stage, and the willingness of low price shipment is declining. The short-term price of HR coil may maintain a strong shock.

On May 13, the average price of 20 mm CS plate in 24 major cities in China was 526.72 USD / ton, which was the same as that of the previous trading day. Yesterday, the market transaction situation was general, rare specifications and high prices went smoothly, but other specifications and low price shipments were OK, and high price transactions were still relatively weak. At present, the quantity of resource arrival is not large, and the short-term specification shortage may be difficult to improve significantly. Overall, some market specifications are in short supply in the near future, and the quotation support is strong. It is expected that the medium thick CS plate price will fluctuate at a high level today.