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CCS grade A hull plate market price generally rose

In terms of price, the average price of 16-20mm CCS grade A hull plate in China's key cities was 620 USD, 1.58 USD higher than the last trading day, 5.18 USD higher than the same period last week and 15.96 USD higher than the same period last month.

Today, the quotation of CCS grade A hull plate market generally rose by 1.44-2.88 USD. In the early trading, with the fluctuation of futures, the cost of arrival in the market was higher. As the steel billet price was adjusted twice in succession, the cumulative price of steel billet increased by 2.88 USD to 494.67 USD / ton. The CCS grade A hull plate merchants have a strong willingness to bid for prices and are unwilling to sell at low prices, but the downstream high demand is cautious in following up. According to our understanding, the market trading atmosphere has improved, and merchants are actively bidding for shipments, and overall transaction performance varies.

With the convening of the Politburo meeting of China to actively guide the work in the second half of the year, the economy is bound to continue to recover, market confidence is boosted, and the market outlook is expected to rebound. In the short term, the ex-factory price of CCS grade A hull plate in steel mills has recently risen, and merchants have to take the goods. It remains high. With no bad news for the time being, there is limited room for a substantial correction. It is expected that the market price of CCS grade A hull plate will stabilize and become stronger tomorrow.