The market prices of steel plate may maintain a consolidation trend for the time being

On November 25, the price of the medium and heavy plate market in key cities of China fell steadily. Today, the futures market continued to go low, with the steel billet quotation of 3580 yuan. The quotation of medium thick steel plate in various regions was basically stable, with a drop of 10 yuan in some cities. From the perspective of futures and cash, the current basis difference between futures and spot sales is about 400 yuan, which is relatively large. At the same time, the raw material price is at a high level, which strongly supports the finished products. However, the demand in the future market gradually shrinks, and the raw material price shows signs of downward trend, or there is no room for rising. Therefore, the cost advantage of the finished product price is reduced, or we need to pay attention to the phenomenon of replenishment of spot price. In the short term, steel manufacturers and businesses are not willing to cut prices, and the news can not lead to price fluctuations. In summary, it is expected that the domestic steel plate market prices may maintain a consolidation trend tomorrow.

In terms of price, the average price of 16-25 mm carbon steel plates in domestic key cities was 3988 yuan, 1 yuan lower than last trading day, 23 yuan higher than the same period last week, and 66 yuan higher than the same period of last month.