Yesterday, price of general carbon billet in Tangshan, Changli and Qian’an climbed RMB 30/MT and was settled at RMB 3,470/MT ex-factory. In the early morning today, the price in Changli area led the gain by RMB 20/MT to report to RMB 3,490/MT which boosted the market sentiment. But as the two sessions have just ended, most of the construction sites have not started yet thus the market demand is weak. And consequently the overall transactional performance is general. The mainstream price of finished products has risen slightly. The specific transactions are as follows:
Billet: Mill straight sale is of average performance. Ex-warehouse spot is at RMB 3, 550- 3, 560/MT inclusive of tax, with some transactions. The overall transaction of finished products is weak, and it is expected that the price of billets will increase in the afternoon.
Construction steels: The mainstream price of construction steel in Tangshan market is raised by RMB 10/MT, and the current market price of rebar HRB400 is at RMB 3, 910/MT, and coiled rebar at RMB 3, 970/MT.
HRC: HRC market in Tangshan is holding steady, with 3.0mm coils at RMB 3, 810/MT mainstream 5.5mm flattened at RMB 3, 790/MT, and Q345 flattened at RMB 3, 950/MT.
Medium plate: Mid-plate market in Tangshan is temporarily flat, and now price of general carbon plate 14-22mm is reported at RMB 3, 930/MT and low alloy plate at RMB 4, 130/MT.
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