Today's Beijing hot-rolled coil market prices are steadily increasing. Affected by the upswing of hot rolling plate and the improvement of spot transactions, the signs of a downturn in the hot rolling market opened in early trading have slowed down. Some cities are now showing signs of weakness. Beijing's local market has shifted its focus on low-cost resources. 5.5mm carbon hot rolled coil The mainstream quotation is around 3260 yuan (ton price, the same below), which is a small increase of 10 yuan from the lowest price yesterday. On the macro level, HSBC’s initial value of China's manufacturing PMI rebounded to a five-month high of 49.7 in May, and new orders returned to more than 50%. New export orders were at the high point since November 2010, while HSBC's data remains unchanged. Below the Rong and Yang line, but there has been a clear rebound, indicating that although economic growth is still weak, the endogenous recovery momentum has gradually emerged. For the current Beijing hot rolling market, the total social inventory has dropped to half of the high level after the Spring Festival, and the pressure on the overall resources is not great. When the market price continues to force the low point in recent years, the accumulation of buying and the market below The brewing bargaining mood will also gradually emerge so that the market may bottom out in advance. The improvement of macro data has driven the strengthening of futures market or the main driving force that can stop falling in the current sluggish market. However, the unfavorable situation such as the pressure of repayment and the sluggish economic growth has not dispersed, and the market's anxious pattern is difficult to effectively improve. In general, the short-term Beijing hot-rolling prices have stabilized and demanded, but it is too early to say that the reversal has taken place.

According to the information research center monitoring, as of May 22, the prices of Baosteel, Taigang, Anling and Tiantie 2.75mm ordinary carbon hot-rolled coils in the Beijing market were 3,360-3,370 yuan, and the 5.5-mm carbon hot-rolled coils The price is 3260-3270 yuan, 20 yuan for flat plate price increase, and 150-160 yuan for low-alloy coil. The overall price is basically the same as yesterday.