Guide Roller Bearings,Track Roller Bearing,Rolling Bearing,Guide Wheel Bearing NINGBO BORINE MACHINERY CO.,LTD , https://www.borine-agroparts.com
On the previous trading day, the Chinese steel market showed a slight upward trend in prices. The average price of 6.5mm high line across the country reached 3,524 yuan/ton, an increase of 12 yuan/ton compared to the previous day. Similarly, the average price of 20mm secondary rebar rose to 3,541 yuan/ton, up by 11 yuan/ton, while the average price of 20mm three rebar climbed to 3,548 yuan/ton, reflecting a 14 yuan/ton increase. For sheet products, the average price of 8mm Puzhong plate was reported at 3,753 yuan/ton, rising by 5 yuan/ton, and the 20mm Puzhong plate averaged 3,483 yuan/ton, up 4 yuan/ton. The 20mm low alloy plate also saw a small increase, reaching 3,657 yuan/ton, a rise of 3 yuan/ton from the prior day. In the hot rolled coil segment, the 3.0mm grade averaged 3,615 yuan/ton, up 8 yuan/ton, while the 4.75mm grade stood at 3,537 yuan/ton, gaining 9 yuan/ton.
From a market perspective, the steel sector remained resilient, with spot prices stabilizing after a period of fluctuation. The recent strength in steel and raw material prices has contributed to this trend. Although demand has seen a modest release, infrastructure projects across different regions have started to ramp up, providing a positive outlook for the market. However, there are concerns as northern demand has dropped significantly, which could exert downward pressure on prices. This regional disparity is expected to intensify competition, particularly as price advantages become more prominent.
On the cost side, the billet price in Tangshan increased by 10 yuan/t yesterday. As of this morning, the local ex-factory price for 150mm carbon billets stands at 3,030 yuan/ton. The finished goods market in Tangshan continues to show upward momentum, with fair trading conditions. Downstream buyers have increased their purchases of raw materials, leading to improved market sentiment and renewed business enthusiasm. It’s anticipated that the billet market in Tangshan will remain strong, and attention should be paid to today’s tendering process for Yansteel’s billet.
In terms of broader economic news, the China Customs Information Center recently released a report titled “Summary of the Economic Situation in the First Three Quarters of 2013 and Analysis of China’s Import and Export Trade Situation (Autumn Report).†The report analyzed the import and export activities during the first three quarters of 2013, highlighting key trends and structural features of trade. It noted that China’s foreign trade growth rate reached 7.7% in the first three quarters, showing a V-shaped recovery driven by factors such as international currency appreciation and slower economic growth in emerging markets. In September, exports experienced another decline. Based on both domestic and global conditions, the report estimates that China’s total import and export volume will grow by around 7.8% this year, reaching between 4.1 trillion and 4.2 trillion U.S. dollars.
Overall, the market continued to show a steady upward trend. With low inventory levels and stronger cost support, combined with higher raw material prices, there is still potential for further price increases in the near term. Investors and traders are closely monitoring these developments, expecting continued volatility and possible further gains in the coming days.