[SMM Weekly Summary] Cost support further weakens, and non-oriented silicon steel prices are expected to decline next week.

Published: Jun 26, 2026 17:52

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Non-Oriented Silicon Steel Price Dynamics

Shanghai B50A800 Grade: 4,380-4,380 yuan/mt

Guangzhou B50A800 Grade: 4,250-4,250 yuan/mt

Wuhan 50WW800 Grade: 4,300-4,300 yuan/mt

Shanghai Market: Spot prices of cold-rolled non-oriented silicon steel in the Shanghai market remained in the doldrums this week, with overall transaction performance rather sluggish. Market feedback indicates that futures continued to weaken this week, dampening market sentiment. Supply pressure for non-oriented silicon steel remained significant, and traders' willingness to sell was relatively strong. However, downstream motor enterprises mainly purchased as needed, lacking restocking willingness. Overall, spot prices of cold-rolled non-oriented silicon steel in the Shanghai market are expected to remain in the doldrums next week, with potential room for price cuts.

Guangzhou Market: The cold-rolled non-oriented silicon steel market in Guangzhou was in the doldrums this week, with mainstream grades lowered by 30 yuan/mt and transaction performance remaining poor. Market feedback indicates that HRC futures weakened this week, and the off-season led to poor transactions, with some traders selling at lower prices. Overall, prices of cold-rolled non-oriented silicon steel in the Guangzhou market are expected to have some room for price cuts next week.

Wuhan Market: The cold-rolled non-oriented silicon steel market in Wuhan remained temporarily stable this week, with transaction atmosphere turning gradually sluggish. Market feedback indicates that downstream demand continued to be weak, but order costs from state-owned steel mills were firm. Traders mostly shipped at stable prices, but their own willingness to purchase declined simultaneously because procurement prices were relatively high. Overall, spot prices of cold-rolled non-oriented silicon steel in the Wuhan market are expected to remain in the doldrums next week.

Data Source Statement:

(All data in this report are derived from public information (including but not limited to industry news, seminars, exhibitions, enterprise financial reports, brokerage reports, NBS data, customs import and export data, various associations and institutions' published data, etc.), market communication, and SMM's internal database model, analyzed and reasonably inferred by the research team, for reference only, and do not constitute investment advice.)

SMM reserves the right of final interpretation of this statement and the right to adjust and modify the statement content according to actual circumstances.

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.

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