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ASTM A387 plate prices are expected to hit a new high in the "Golden Nine"

At present, the steel market generally fluctuates upward. With the strong support of cost, the steel market will continue to fluctuate and adjust in the future. With the arrival of the "Golden Nine and Silver Ten", demand will increase substantially, and ASTM A387 plate prices are expected to hit a new high in the year in September.

First, the price of raw materials and fuels fluctuates at a high level, and the cost of ASTM A387 plate is supported. In July, China imported 112.647 million tons of iron ore, an increase of 10.965 million tons from the previous month, an increase of 10.78%. Iron ore prices remain high, and coking companies may start a new round of price increases. These support ASTM A387 plate prices to a certain extent.

Second, the volume of ASTM A387 plate shipments rose steadily, and market sentiment continued to recover. With the end of the heavy rainfall, the circulation of steel regional markets has increased significantly recently, steel shipments have rebounded, end users’ purchasing enthusiasm has increased, and market sentiment has returned to a relatively optimistic level, providing psychological support for ASTM A387 plate price increases in peak seasons.

The third is the seasonal release of demand and market transactions are guaranteed.

Fourth, environmental protection of production restrictions is conducive to alleviating the contradiction between market supply and demand, and is beneficial to the rebound of ASTM A387 plate prices.

Generally speaking, the "Golden Nine and Silver Ten" of the steel market is worth looking forward to. Under the influence of environmental protection and production restrictions, the market's high supply situation will be suppressed to a certain extent, and ASTM A387 plate prices are expected to hit a new high this year in an environment where the contradiction between supply and demand improves.