Yesterday, the ex-factory price of general carbon billet in Tangshan,Changli and Qian’an was settled at RMB 3,420/MT down RMB 30/MT. In the early morning today, the Changli area led the gain of RMB 10/MT to report at RMB 3,430/MT. The transacted amount of billet was average, and the prices of finished product tend to go down, though certain specification remains stable. The specific transactions are as follows:
Billet: Mill direct sales were smooth and ex-warehouse spot price is at RMB 3, 510-3,520/MT tax-inclusive with some transactions seen on low-cost resources. The billet inventory at warehouses Xiangyu Zhengfeng and Haiyi Hongrun in Tangshan totaled 803,700 tons, down 3,100 tons. The overall transaction of the finished products is somewhat weak, and it is expected that the billet will stand stable in the afternoon.
Construction steel: mainstream price of construction steel in Tangshan markets moved down by RMB 10-20/MT, and the current market price for rebar HRB400 0f big specification is at RMB 3,870/MT, small specification at RMB 3,910/MT, while coiled rebar at RMB 3,950/MT. Transaction was somewhat weak.
HRC: Tangshan HRC market price dropped by RMB 10/MT, with 3.0mm coils at RMB 3,770/MT, mainstream price of 5.5mm flattened at RMB 3,750/MT, and Q345 flattened at RMB 3,910/MT. The transaction was weak.
Medium plate: Tangshan mid-plate market remains stable, and now price of general carbon plate 14-22mm is reported at RMB 3,930/MT, while low alloy plate at RMB 4,130/MT. The transaction was weak.
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