This week Myspic Composite Index was 149.34 points, up 0.52% from the previous week. Among them, the Long Products Index reported 166.7 points, up 0.58% over the previous week. This week the construction steel market prices continue to rise slightly, the national average 25 thread HRB400 (20mm) was 4107 yuan / ton, up slightly from last week 13 yuan / ton.
Flat goods index this week was 132.74, up 0.45% from the previous week. Among them, the hot coil price index rose 0.51% last week, the plate price index rose 0.65% from last week. This week the national hot rolled coil market prices steady rise, the national 24 hot 4.75mm average market price of 4138 yuan / ton, up from last week's price of 12 yuan / ton. The market price of 20mm plate increased slightly. The average price of 20mm plate in 24 major markets nationwide was 4,119 yuan / ton, up 27 yuan from the previous week / ton.
Spot market this week changed the trend of continuous plunge in two weeks, the overall performance for the steady rise slightly. Among them, the national average rebar prices rose 30 last week, based on the small increase of 13 4107 yuan / ton. The average price of flat materials rose about 20 yuan, while last week the price dropped about 70 yuan.
By last weekend, Tangshan billet prices rose 50 yuan, spot market prices rose significantly on Monday. The national average price of 20mm rebar rose 67 yuan over the previous day. Rapid pull in the price, the market wait and see attitude again, the enthusiasm of businesses winter storage cooling. Although the market cycle and billet prices are stronger turmoil, period snail is the 4000 point high on the red, but the spot market transactions have been declining. Mainly affected by the country's wide range of rain and snow weather. And, near the Spring Festival, construction sites have been suspended throughout the country, and the downstream demand side has underperformed.
Taken together, the rapid price hikes hinder the replenishment of businesses enthusiasm, while the weak side of demand, making businesses mostly shipping. However, stronger bourses and billet supported the market sentiment, and the short-term market prices are expected to be mostly under consolidation.
