China Steel Net market monitoring showed that on April 29, the average price of the national 6.5mm HPB300 high line was 3436 yuan/ton, which was the same as the previous trading day quote. The average price of 20mm HRB400E rebar was 3,372 yuan/ton, down from the previous trading day. Yuan/ton, the average price of 20mm tertiary rebar is 3342 yuan/ton, down 2 yuan/ton from the previous trading day. The average price of the 8mm Puzhong board is 3770 yuan/ton, which is the same as the previous trading day. The average price of the 20mm Puzhong board is 3509 yuan/ton, which is the same as the previous trading day. The average price of the 20mm low alloy board is 3672 yuan/ Ton, unchanged from the previous day's quote. The average price of 3.0mm hot coil was 3502 yuan/ton, down 3 yuan/ton from the previous trading day, and the average price of 4.75mm hot coil was reported at 3437 yuan/ton, down by 1 yuan/ton from the previous trading day.
In terms of the market, the market was mainly stable yesterday. The retreat of the steel during the period indicated that the market is still in a downturn. Although close to the holiday season, there is no large-scale demand for terminals and users purchase on demand. The market has been weak. Under the influence of financial pressure, dark descent occurs from time to time. Today is the last working day before May 1st. Some of the merchants left or left the market in the afternoon, and the turnover further decreased. Holiday mode is about to open, quotes or will be based on stability.
In terms of raw materials, yesterday's billet price in Tangshan remained stable. Opening this morning, the current local carbon billet price of 1,200 yuan/ton. Tangshan Downstream is still cautious about overall billet procurement. The market lacks substantial demand for support, coupled with tight funding at the end of the month. Merchants are not enthusiastic about the operation. It is expected that the price of billet in Tangshan will be difficult to change today.
As for the news, many provinces have recently held intensive discussions on the first quarter economic situation analysis. They have conducted a detailed analysis of the current relatively low GDP growth rate, and at the same time plotted the next steps. Specifically, provincial and provincial governments such as Gansu, Shaanxi, Hebei, Fujian and Shaanxi provinces each convened a meeting to study the economic situation in the first quarter of the country. This is behind local concerns about the economic slowdown.
On the whole, yesterday's quotation was weak, the market transactions were mixed, and local adjustments were slightly. On the last day before the holiday, merchants are not willing to adjust prices. It is expected that this pattern of weak stability will continue and there will be little room for adjustment.
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