Steel Billet
Today, the steel billet market is running weakly, and the ex factory price of some steel billets in Tangshan area is executed at 425USD/TON cash inclusive of tax. The transaction of steel billet direct delivery resources is average, with a stock of around 437USD/TON being released from the warehouse before noon. However, with the fluctuation and weakening of the market, the spot price has decreased accordingly. In the afternoon, a stock of 424USD/TON has been released from the warehouse, resulting in poor overall transaction. The downstream finished product market has shown weak performance, with a significant decrease in overall shipments and cautious attitudes towards billet procurement in steel mills.
Tomorrow's forecast: It is expected that the price of steel billets will stabilize weakly tomorrow.
Steel Sheet
The price of hot coils in Tangshan has decreased by 1.3 USD/TON, with the mainstream quote being 479 USD/TON; The price of medium and thick plates has decreased by 1.3 USD/TON, with the mainstream quotation being 483 USD/TON. Tangshan hot coil factory price, some manufacturers quote 469USD/TON. The futures market fluctuated and fell, and market sentiment weakened, resulting in poor overall trading performance. The international situation is tense, and domestic funds have a high risk aversion. The terminal continues to adopt a wait-and-see attitude.
Tomorrow's forecast: It is expected that the market price of hot rolled plates will continue to remain stable with a slight weakening tomorrow.
Steel Pipe
Today, the ex factory prices of welded pipes are stable but gradually weakening. Tianjin straight seam pipes are priced at 526 USD/TON, while Tangshan straight seam pipes are priced at 506 USD/TON. The price of raw materials and strip steel is fluctuating and declining, and pipe market merchants are cautious in their quotations. Downstream procurement is mainly driven by rigid demand, resulting in overall weak transactions.
Tomorrow's forecast: It is expected that the price of welded pipe market will remain stable but gradually weaken tomorrow.
