Prices of carbon and low alloy steel plates in the Shanghai market rose sharply this week. The mainstream price of 1500mm Q235C plain carbon steel coil is 4830-4850 yuan/ton, and the price of 1800mm wide coil
Q235C steel is 5050-5070 yuan/ton.
q345b low-alloy 1500mm wide steel plates mainstream price is 5150-5170 yuan/ton.
1800mm low alloy steel plates price is 5220-5240 yuan/ton.
On the first day of work after the holiday, the futures market rose sharply, the spot market confidence was significantly boosted, and merchants' quotations rose sharply. However, the terminal has not yet fully resumed work and the actual market transactions are average. The next day, as the morning futures continued to rise, the spot market continued to pull up, but the midday futures fell, and the spot market price also fell. Trading in futures was suspended on Saturday, but the spot market sent strong upward sentiment, and merchants' quotations were raised again.
The market has just opened this week, and some businesses and terminals will resume work next week. Market demand has not yet started, and the market is basically priceless. However, driven by higher futures and cost support, short-term market prices are still trending upward. On the whole, the Shanghai hot rolling market is expected to fluctuate strongly next week.
