Core Viewpoint - The Chengdu steel market is experiencing a narrow fluctuation in prices, with cautious trading atmosphere and slight adjustments in the prices of mainstream products like rebar and wire rod [1] Price Dynamics - Rebar prices in Chengdu have slightly weakened, with mainstream steel mill quotes concentrated in the range of 4270-4300 CNY/ton, while high-line and盘螺 prices remain relatively stable due to demand support [4] - The average price of rebar (HRB400E 20mm) is reported at 4280 CNY/ton, down by 10 CNY/ton from the previous day, while wire rod (HPB300 8mm) remains unchanged at 4450 CNY/ton [1][4] Market Analysis - Demand-side resilience is insufficient, with limited new construction projects in real estate and end-user purchases primarily based on need [4] - Social inventory of steel in Chengdu is reported at 38.2 million tons, down 1.5% week-on-week but still up 12% year-on-year, indicating slower-than-expected inventory reduction [4] - Raw material costs are providing support, with iron ore futures prices rising by 0.6% today, while coke prices remain stable, keeping production costs high for steel mills [4] Expert Opinion - The current market is characterized by weak supply and demand, with expectations of continued short-term fluctuations in steel prices due to strong price support from steel mills [4] Procurement Reminder - Some traders are facing significant inventory pressure, creating room for negotiation in actual transactions. It is advised for downstream purchasers to closely monitor futures market dynamics and steel mill pricing policies [5]
成都钢材今日价格、价格行情、最新报价(2025年5月6日)
Sou Hu Cai Jing·2025-05-06 05:30