Market price forecast of hot rolled steel on May 21

On May 20, the average price of 4.75mm hot rolled steel coil in 24 major cities in China was 517.71 usd / ton, stable compared with the previous trading day. Yesterday's early quotation in the spot market was temporarily stable, and the transaction was significantly lower than that of the previous two days. In the afternoon, the prices of some businesses were loose, but the low-cost resources were still not much. The previous few days, most of the transactions were for the speculative demand of businesses to move goods, and the terminal transactions were general. In addition, recently, the delivery resources were about to be released, and the import resources began to arrive one after another. The market hot rolled steel coil price was slightly restrained, and there was a short-term dilemma.

On May 20, the average price of 20mm carbon steel plate in 24 major cities in China was 539.00 usd / ton, up 0.56 usd / ton from the previous trading day. Yesterday, the overall delivery performance of the market was good, the mood of merchants improved, and the market demand performance improved in stages, so most of the quoted carbon steel plate prices maintained a rising trend. In terms of resources, with the continuous de-stocking, the social inventory in most markets has declined compared with last week, and some of the carbon steel plate specifications have been in short supply, or have a supporting role in the market price. It is expected that the price of medium and heavy steel plate in today's market will be stronger and consolidated.