Steel Billet
Today, the steel billet market saw a slight increase, with some factory prices in the Tangshan area rising by 5U/TON and quoted at 444USD/TON. At the beginning of the day, the direct delivery of Tangshan steel billets had average transaction volume, and the futures market fluctuated and rose. The market trading was average before noon, and the warehouse spot price of 454 USD/TON was sold out. In the afternoon, the high price transactions in the market slowed down. The downstream steel market still has low-priced transactions, and some rolling mills purchase goods at low prices according to demand.
Building Material
The prices of building materials in the Tangshan area are currently on the rise, with LeGang's third grade large snail rising by 5 USD/TON and 468 USD/TON respectively; The futures market is experiencing strong fluctuations, with spot market prices rising accordingly. The trading atmosphere in the market is average, and terminal purchases remain mainly for essential needs, resulting in average overall transactions.
The price of hot coils in Tangshan has increased by 4 USD/TON, with a quoted price of 498 USD/TON; The price of medium and thick plates has increased by 2USD/TON, with the mainstream quotation being 500USD/TON. Tangshan hot coil factory price, some manufacturers quote 488USD/TON. The futures market fluctuated and rose, and the overall performance of the market was relatively average., The strong stock market has boosted market confidence slightly. The fundamentals of the coil board maintain a weak balance, which still provides support for prices.
Today, Tangshan Xiaonarrowband rose by 1USD/TON, with overall transactions still acceptable, and the mainstream price is 480USD/TON; The ex factory price of the broadband market has risen by 3 USD/TON, with strong fluctuations in futures and average overall market transactions.
The ex factory price of welded pipes has remained stable with some increase, with Tianjin quoting 542 USD/TON and Tangshan straight seam pipes quoting 515 USD/TON. The price of raw material strip steel is trending higher due to fluctuations in snail prices. Market vendors are cautious in their quotations, while downstream buyers have a strong wait-and-see attitude, resulting in average overall transactions.
