The market price of China's medium and heavy steel plate held steady on Tuesday, with an average price of 533.53 usd / ton for 20 mm carbon steel plate nationwide, up 0.57 usd / ton from yesterday. Among them, Fuzhou, Guangzhou and Shijiazhuang markets rose 2.84-4.27 usd / ton, while the rest rose 0-1.42 usd / ton.
In terms of market, the black futures market is more volatile today, and the sentiment of the spot market has slightly cooled. The market prices in East China, North China and West China have not changed much. The market in central and South China has continued to rise, and the overall turnover is average. On the supply side, the maintenance supply of some steel mills continues to shrink in the near future; affected by the price rise, the speed of inventory removal slows down but does not constitute a significant negative effect on short-term prices;
In addition, the macro policy is generally favorable in the near future, which has certain support for the later demand expectation. On the whole, it is expected that China's medium and heavy steel plate market will consolidate in the short term.
