[SMM Thread] 6 the national spot market rose, the overall stable output of terminal demand

Published: May 6, 2020 18:46

Due to the continuous rise in raw materials, including billets, scrap steel and coke, as well as a strong rebound in crude oil futures, the main force of this period of snail is driven, jump high open, intra-day shock higher. In the spot market, some businesses in East China have risen 10-20 yuan / ton during the festival. Today, they are mainly stable, while most of the country's markets are up about 2050 yuan / ton. Overall inquiry and transaction as a whole is good. [Hangzhou]: this time, the screw disk is open high, and the quotation in the morning market is 20 yuan / ton higher than that before the festival. The mainstream price of Shagang is 35403550 yuan / ton, but the high price is not smooth. In the afternoon, the market quotation withdraws a certain morning increase to promote the transaction. Shagang reported 35303540 yuan / ton and Zhongtian Panluo 36203640 yuan / ton. This market transaction situation is general, the low price transaction is dominant. [Shanghai]: the spot price of thread is stable (up 10-20 yuan / ton compared with that before the festival), 3460-3480 yuan / ton for Shagang resources and 3580-3600 yuan / ton for plate snail Shagang. Some terminals take goods, speculative demand is mainly wait-and-see, the overall transaction is still OK. [Beijing]: the thread is up 10-20 yuan / ton compared with that before the node, the river steel resource is 3450 yuan / ton, the disk screw is stable, and the river steel resource is 3700-3720 yuan / ton. Some businesses said that the volume of shipments is not as good as before the festival, the overall transaction is general, low prices are better. [Guangzhou]: thread up 40-60 yuan / ton, cold steel 3640-3660 yuan / ton, disk snail up 10-20 yuan / ton, Wangang 3660-3680 yuan / ton. Terminal demand continues the high level of pre-festival, trading is still good after the rise.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Hunan Launches Second Round of Environmental Inspections, Affecting Lead-Zinc Mines
Jun 30, 2026 14:20
Hunan Launches Second Round of Environmental Inspections, Affecting Lead-Zinc Mines
Read More
Hunan Launches Second Round of Environmental Inspections, Affecting Lead-Zinc Mines
Hunan Launches Second Round of Environmental Inspections, Affecting Lead-Zinc Mines
Hunan Province has launched the second round of its provincial ecological and environmental protection inspection "look-back" campaign. The first batch of seven inspection teams has been fully deployed since June 13, 2026, covering the cities of Changsha, Zhuzhou, Yueyang, Shaoyang, Hengyang, Huaihua, and Zhangjiajie. According to market sources, some lead-zinc mines have suspended production as a result of the inspections. SMM will continue to monitor and assess the potential impact on zinc concentrate supply.
Jun 30, 2026 14:20
Australia Terminates Anti-Dumping Probe on South Korean, Vietnamese Galvanised Steel Sheets
Jun 23, 2026 16:31
Australia Terminates Anti-Dumping Probe on South Korean, Vietnamese Galvanised Steel Sheets
Read More
Australia Terminates Anti-Dumping Probe on South Korean, Vietnamese Galvanised Steel Sheets
Australia Terminates Anti-Dumping Probe on South Korean, Vietnamese Galvanised Steel Sheets
On June 19, 2026, the Australian Anti-Dumping Commission issued Notice No. 2026/088, terminating the anti-dumping investigation on galvanised sheet [Zinc Coated (Galvanised) Steel] imported from South Korea and Vietnam, following the withdrawal application submitted by the applicant BlueScope Steel Limited. Previously, on May 22, 2026, the Commission issued Notice No. 2026/071, initiating an anti-dumping investigation on galvanised sheet imported from South Korea and Vietnam, in response to an application filed by Australian domestic enterprise BlueScope Steel Limited.
Jun 23, 2026 16:31
Supply Gap Persists in Vietnamese Market, Spot Lead Traded at High Premiums
Jun 5, 2026 11:08
Supply Gap Persists in Vietnamese Market, Spot Lead Traded at High Premiums
Read More
Supply Gap Persists in Vietnamese Market, Spot Lead Traded at High Premiums
Supply Gap Persists in Vietnamese Market, Spot Lead Traded at High Premiums
[Ex-China Lead Market Dynamics] It was learned that the recent environmental protection inspections on secondary lead in the Vietnamese market had temporarily come to an end, and some lead smelters had gradually resumed production. However, in the face of the current primary lead supply gap, spot lead in the local market continued to maintain high premiums. According to the latest information, the CIF premium for Vietnamese lead ingots with Pb≥99.99% in June had reached $180/mt as a common transaction price, compared to around $165/mt in May.
Jun 5, 2026 11:08