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Affected by cost expectations and lower overseas quotations, the plate price has recently adjusted weakly, showing a trend of strong north and weak south. The average price of 16-25mm general-purpose boards in key domestic cities was 3618 yuan, down 42 yuan from the same period last week and 13 yuan from the same period last month. The leading cities’ quotations were Handan plate at 3,500 yuan, unchanged; Tianjin plate at 3,550 yuan, down 20 yuan; Lecong plate at 3,650 yuan, down 20 yuan. In terms of steel mills, costs are expected to drop and steel mills have increased their lock-ups. The leading steel mills Puyang, Jigang, Tang Zhonghou, and Jingye in the northern plate have locked prices at approximately 3450-3550 yuan, down 20-50 yuan from the previous period; inventory pressure is heavy. , The steel companies cut prices and warehouses significantly. In terms of demand, domestic plate manufacturers have performed well in holding orders. Some production schedules are basically until the end of April, and orders for May are now being placed. The impact of the reduction in overseas demand is temporarily not obvious. According to data released by the General Administration of Customs, from January to February 2020, China’s total plate exports totaled 852,000 tons, a year-on-year decrease of 10%. Among them, the medium plate exports were 849,000 tons. The export of heavy plates is 2600 tons, and the export of extra-thick plates is 0.0400 tons, which is expected to be reflected in April-May. In terms of profit, the price of plate has fallen slightly recently, and the profit has shrunk slightly, maintaining near 200 yuan/ton in the short term. In the short term, it is expected that the medium and heavy plates will maintain a weak consolidation, with different varieties and regional demand.
