SunSirs: The Prices of Mild Steel Plate Rose Slightly This Week (September 2-6, 2019)
September 09 2019 10:07:46 SunSirs (John)1. the price trend
According to the price monitoring of SunSirs, the price of mild steel plates rose slightly this week (02 September 2019 - 06 September 2019). The price of general medium plate (material: Q235B; specification: 20) was 3644 RMB/ton on 02 September and 3678 RMB/ton on 06 September, up 0.93% from the beginning of the week. From this week's trend, the price of mild steel plates in a short period of time may be weak.
2.Analysis review
September is the peak season of steel traditional consumption. In the case of production decline, the de-inventory speed will theoretically accelerate, which will be conducive to the recovery of mild steel plate profits. However, from the current inventory level, it is obviously higher than the same period in previous years, the inventory pressure is higher, and it will also press the rebound extent of mild steel plate. Therefore, the space for the rebound of the plate is relatively conservative.
3.Market outlook
At present, the market demand of mild steel plate is still tepid. Although it has reached the traditional consumption peak season, the actual spot market turnover of mild steel plate is not ideal. Therefore, the merchants are still bearish on the market outlook, and the operation is cautious. It is expected that the mild steel plate will operate in a weak position in the short term.
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