First, the price of East China's central plate is stable, and the north-south interconnection is weak
The mainstream price of the plate market in East China remained stable, and the overall transaction atmosphere weakened compared with last week. According to the monitoring data of Lange Iron and Steel Cloud Business Platform, as of April 26, the price of 16-25mm medium and heavy plate in key cities in East China: Jiangyin Pinggang and Tangshan Iron and Steel 3860 yuan (ton price, the same below), Shanghai Pinggang and Tangshan Iron and Steel 3850 yuan, Nanjing Pinggang 3870 yuan, Hangzhou Pinggang 3870 yuan, Ningbo Pinggang 3880 yuan, all of which were flat compared with last week. The price difference between the north and south markets has changed, although the price in the south market is higher than the price in the north, but the price in the north has gradually increased recently, and the price difference in the south has gradually narrowed, basically maintained at about 10-40 yuan, the price advantage of the northern resources in the south is small, and the resources in the south are still Pinggang, Liugang, Hengrun, Xicheng, Changda, Huawei and other steel mill resources.
Second, the production and inventory of steel mills
As for production, the total output of 12 steel enterprises in East China was 520,600 tons, which was basically peaceful compared with last week, the production of steel mills rolling line was stable, long-process steel enterprises had profits, and short-process steel enterprises had some losses, but the output was basically balanced. As for the warehouse, the total inventory of steel enterprises in East China was 510,200 tons, an increase of 10,000 tons from last week.
Third, the market situation
The contradiction between supply and demand in the plate market in East China still exists, the current market carbon resources are sufficient, the market demand is acceptable, and the traders' shipments remain in the early stage, but the oversupply of low alloy resources is obvious, and most steel mills produce low alloys, the market supply is large, and the overall inventory of merchants is high. Prices in key areas such as Jiangyin, Wuxi, Shanghai, Hangzhou, Nanjing and other places basically remained stable, and there was little room for adjustment.
On the whole, the recent futures market trend is weak, the support for the spot side is poor, the spot market demand performance is average, the industry is still pessimistic about the market supply and demand, and some industry players have an obvious wait-and-see mood. At present, the terminal demand continues to be weak, the market is weak, the market wait-and-see sentiment is strong, the industry is still worried about the market outlook, the supply of steel mills is sufficient in the near future, the buyer can be more selective, and the sales volume of some specifications is weakened. It is expected that in the short term, the market price of medium and heavy plate will mostly be consolidated. (Lange Steel)