Price Dynamics of Non-Oriented Silicon Steel

Prices by Region & Grade

• Shanghai, B50A800: 4350–4350 yuan/ton
• Guangzhou, B50A800: 4300–4300 yuan/ton
• Wuhan, 50WW800: 4300–4300 yuan/ton

Shanghai Market

In the first week after the Spring Festival, quoted prices for cold-rolled non-oriented silicon steel in Shanghai remained stable, with overall trading relatively quiet as most downstream enterprises had not yet resumed work.Market feedback indicated that the market was closed during the Spring Festival holiday. In the first post-holiday week, some traders resumed operations but recorded no actual transactions, focusing mainly on fulfilling pre-holiday orders.Silicon steel inventories gradually arrived during the holiday, leading to a slight increase in traders’ inventories in the first post-holiday week.On the demand side, downstream processing enterprises are expected to resume production after the Lantern Festival, with no actual purchasing plans in the first post-holiday week.Prices showed no obvious adjustments, with strong wait-and-see sentiment. Downstream buyers showed clear intent to purchase on dips, while acceptance of price increases was limited.Outlook: Prices of cold-rolled non-oriented silicon steel in Shanghai are expected to operate steadily with a slight upward bias next week.

Guangzhou Market

In the first week after the festival, the Guangzhou cold-rolled non-oriented silicon steel market gradually recovered, with most traders reopening for business.Affected by the weak fluctuation of hot-rolled coil futures, post-holiday bullish sentiment was restrained, and overall trading sentiment was muted.On the one hand, supported by firm ordering costs from state-owned steel mills, traders maintained firm quotations.On the other hand, the Spring Festival holiday in February led to a significant drop in demand for non-oriented silicon steel, resulting in poor actual shipments.Outlook: Prices in Guangzhou are expected to operate in a range-bound/volatile manner next week.

Wuhan Market

In the first post-holiday week, Wuhan’s cold-rolled non-oriented silicon steel market maintained mild bullish sentiment, with prices relatively stable and little changed from pre-holiday levels.Traders gradually resumed work, but market transactions remained quiet with no actual deals concluded.Pre-holiday ordered resources arrived successively, pushing up traders’ inventories.Most downstream enterprises had not yet resumed work, delaying purchasing demand and weakening bullish sentiment.Outlook: Prices in Wuhan are expected to operate steadily with a slight upward bias next week.