Yesterday, the ex-factory price of general carbon billet in Tangshan，Changli and Qian’an was settled at RMB 3,580/MT up RMB 10/MT. Today, the transaction of billets is reasonable, and the prices of finished products tend to go up slightly. The specific transactions are as follows:
Billet: Mill direct sale was relatively smooth. Ex-warehouse spot was at RMB 3, 640-3,650/MT including tax. The billet inventories at warehouse of Xiangyu Zhengfeng and Haiyi Hongrun were 490,300 tons, down 20,700 tons. The spot market operation became more cautious following the fall back of bullish steel futures price and trading on the finished products were generally tepid. It is expected that the billet will be stable in the afternoon.
Construction steel: Tangshan construction steel market saw mainstream rise by RMB 10-20/MT,and the current market price of HRB400 of big specification is at RMB 4,050/MT, small specification at RMB 4,140/MT, while coiled rebar at RMB 4,270/MT. Transaction was prone to be weak.
HRC: Hot-rolled flattened sheet in Tangshan rose slightly by RMB 10/MT to see 1500mm wide general carbon sheets at RMB 3, 960/MT by first-tier mills, and RMB 3, 950/MT by second-tier mills while Q345 flattened at RMB 4, 120/MT. The transaction was tepid.
Medium plate: The price of medium plate rose slightly by RMB 10/MT, with general carbon plate of 14-22mm saw mainstream offered at RMB 4, 020/MT, and the low alloy plate at RMB 4, 220/MT. Transaction tends to pick up.
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