| Hot weather, lower downstream terminal demand, is the key reason for the sharp drop in the price of precision seamless steel pipe. In the face of high steel prices, traders are in a dilemma. What is the reason for this?
Weida operates a branch company in Handan, which is specialized in collecting steel price. Recently, the steel price fluctuates greatly. We have to visit many steel traders to collect the price information every day. At present, the mentality of traders is more complex, one part is firmly optimistic about the future market, as long as the price callback will increase the inventory, waiting for the price to rise further, while the other part has begun to fear the current price, and is relatively bearish on the future market.
Construction steel: Fuzhou 60, Nanchang 50, Guangzhou, Wuhan, Beijing 40, 24 main markets of rebar ? 20mm ? The average price of hrb400e was 4021 yuan / ton, down 19 yuan / ton from the previous trading day.
Hot rolled coil: Shijiazhuang 60, Changsha 40, Nanjing, Kunming, Hefei 30, etc., 24 major markets in China 4.75 ? The average price of hot rolled coil is 3880 yuan / ton, which is 16 yuan / ton lower than the last trading day.
Medium and heavy plate: 50% in Beijing, 30% in Jinan, Guangzhou, Changsha, 20% in Nanjing and Wuhan, 14-20 mm in 22 major markets in China ? The average price of Puzhong board was 4000 yuan / ton, down 20 yuan / ton compared with the previous trading day.
Steel mill profit compressed ? Guard against bottom bounce
The domestic sales prices of Baoshan, Dongshan and Meishan bases of Baosteel Co., Ltd. and the cold series products of Qingshan base were adjusted on the basis of June in July 2019 as follows (except for special notes, the prices below are exclusive of tax)
The base price of hot rolling (Baoshan, Dongshan and Meishan) will be reduced by 100 yuan / ton. The base price of aluminized zinc (Baoshan and Meishan) will be reduced by 100 yuan / ton. The base price of Caitu (Baoshan and Qingshan) was reduced by 100 yuan / ton. The base price of non oriented electrical steel (Baoshan, Qingshan and Dongshan) will be reduced by 100 yuan / ton. Other base prices remain unchanged.