This week (6.12--6.19), the mainstream prices of various varieties in the Shanghai market fluctuated upward. As of Friday, the price of Katalor Industry 14-20mm heavy plate
q245r was 4070 yuan/ton, an increase of 10 yuan/ton from last week. The price of Katalor Industry 5.5mm Q355NH hot rolled coil was 4050 yuan/ton, an increase of 80 yuan/ton from the previous week. The price of 1.0mm Q355NH cold rolled coil was 4350 yuan/ton, an increase of 80 yuan/ton from the previous week. The price of Benxi Steel's 1.0mm DC51D+Z galvanized sheet coil is 4380 yuan/ton, an increase of 40 yuan/ton from last week. The price of Katalor Industry 16#
q235b channel steel is 3850 yuan/ton, which is 30 yuan/ton lower than last week.
Shanghai Hot Rolled: This week, prices in the Shanghai market have risen sharply. Current mainstream quotes for 1500mm carbon steel coils are 3730-3750 yuan/ton, and 1800mm wide coil prices are 3910-3930 yuan/ton. Q355NH low-alloy steel 1500mm width mainstream offers 4260-4280 yuan/ton, 1800mm low-alloy steel Q355NH offers 4450-4470 yuan/ton. Prices of the black commodity futures market fluctuated upwards this week, the spot market mentality was significantly boosted, and merchants' quotations gradually increased. The market started to fluctuate early in the week, the spot market sentiment was relatively strong, merchants' prices fluctuated within a narrow range, and the overall transaction was average. In the second half of the cycle, goods rose sharply, confidence in the spot market increased, merchants' quotations rose sharply, market trading was relatively active, and speculative demand was actively replenishment, but the terminal still basically purchased on demand. At present, the market inventory is still declining, the arrival of new resources is relatively small, and the high order costs of steel mills have strong support for prices. The short-term market prices are easy to rise and fall. Taken together, it is expected that the price of Shanghai's hot rolled market will be strong next week.
