Q3555B low-alloy steel plate price

On July 7, the price of Shanghai steel medium plate increased by 40 yuan, the mainstream medium plate price was 5490 yuan/ton, and the price of low-alloy steel plate was 5710 yuan/ton. Katalor Industry Q3555B low-alloy steel plate price was 5760 yuan/ton.
 
The market opened for the futures and continued to maintain an upward trend. The spot market price rose slightly by RMB 20/ton in early trading. As the price in the northern market rose sharply by 80 yuan/ton in the afternoon, the local market as a whole continued to rise slightly to 20 yuan/ton, and the regional spread between the prices of local mainstream steel mills began to widen. However, there are a small number of merchants with different mentalities. Considering that they may face out of stock in the later period, they choose to bid carefully, which leads to a slight confusion in the current market quotation. The overall market shipment performance was not as good as the previous two days. The downstream demand side is still not sensitive enough to market fluctuations, and the demand is still in the off-season. The enthusiasm for spot chasing futures is not high.
 
On the whole, market demand is still weak, and it is expected that the price of steel plate in the Shanghai market today (July 8) may rebound passively.