I. Market Summary

National prices of hot rolled coils rose slightly today. As of press time, the national average price of 3.0mm hot rolled coils was 3,293 yuan/ton, up 7 yuan/ton from the previous trading day; the national average price of 4.75mm hot rolled coils was 3,236 yuan/ton, up 7 yuan/ton from the previous day.

II. Prices in Major Cities (Q235B 4.751500C)

· Shanghai: 3,200 yuan/ton (+10)

· Shenyang: 3,060 yuan/ton (+20)

· Tianjin: 3,110 yuan/ton (+10)

· Lecong: 3,180 yuan/ton (+10)

· Wuhan: 3,240 yuan/ton (+20)

· Chengdu: 3,400 yuan/ton (unchanged)

· Xi'an: 3,210 yuan/ton (unchanged)

National average price: 3,236 yuan/ton (+7).

Table 1: Hot Rolled Coil Prices in Major Cities (CNY/ton)

III. Regional Price Spreads

· East China-Northeast China: 140 yuan/ton (narrowed by 10 yuan)

· East China-South China: 20 yuan/ton (unchanged)

· South China-North China: 120 yuan/ton (narrowed by 10 yuan)

Table 2: Regional Price Spreads of Hot Rolled Coils (CNY/ton)

IV. Import & Export

· China's hot coil export FOB price: ~450 USD/ton (unchanged)

· EU import CFR price: 610 USD/ton (unchanged)

· Price spreads between China and overseas markets remained stable.

VI. Tomorrow's Forecast

Futures have been volatile recently, and overall market transactions are light. Market feedback shows a wait-and-see sentiment, with cautious trading. Construction site demand has declined due to weather, and speculative demand is low. Although inventory levels are low, the fundamental situation is fair. If demand continues to be weak while supply remains normal, supply-demand contradictions may accumulate. It is expected that national hot rolled coil prices will trend weakly with fluctuations next week.

Sourcing：https://gc.mysteel.com/a/25062018/0D7A12BFCFEAD478.html