On July 2rd, today's Shanghai steel spot market prices are mainly stable. At present, 10mm carbon steel plate is 4560 yuan/ton, low alloy SPA-C hot rolled plate is 5020 yuan/ton, plus 200 yuan/ton.
It is understood that today the price of weathering steel plates in major markets across the country is stable and weak. As of now, the average price of 10mm medium steel plate is 4,875 yuan/ton, down 10 yuan/ton from the previous trading day. In the Shanghai market, steel mill resources have recently arrived. As of today, the total social pool is about 11,000 tons, an increase of 1 million tons from last week. In terms of transactions, the Shanghai market today has plenty of rain, weak demand, and poor overall transactions. However, considering that the current market inventory is low, some specification resources are still tight. Therefore, the trader SPA-C offers mainly to wait and see.
On the whole, it is expected that the price of SPA-C steel plate in the Shanghai market in the later period will be narrowly consolidated.
