This week, the enthusiasm for purchasing flange plates in Jinan market seemed to have increased, but the total trading volume of the market has not increased, due to limited downstream demand. The price competition among various companies is slightly obvious. In order to catch every customer who inquires about prices, they try to lower the prices as much as possible. Some even abandon their own profits and sell at cost just to retain customers. For this reason, after rising to 4280 yuan/ton at the beginning of the year, the mainstream price of the local market fell back to a low point of 4250 yuan/ton. Currently, the Jinan flange plate market can be described with three words regarding Q345b seamless steel pipes: high costs, thin profits, and low trading volumes. This is the most uncomfortable period for traders, and also the hardest time for steel mills. On one hand, they need to consider their own interests and put pressure on traders; on the other hand, they must take into account the承受ability of traders. Currently, steel mills are under great pressure from both funds and inventory, with inventory levels exceeding 20,000 tons. According to feedback from local traders regarding 304 white steel plate prices, the leadership of the steel mills has already convened meetings, and new policies may be introduced soon. From the perspective of the steel mills, the future will not be easy for traders, as they may inevitably force traders to purchase goods.
Jinan News: Today, the Jinan flange plate market price fell slightly, with average trading volume. As of the time of writing, the mainstream quote for 8*180-250mm Jigang ordinary plates was 4250 yuan/ton, the mainstream quote for 10mm*180mm Jigang ordinary plates was 4250 yuan/ton, and the mainstream quote for 8*180-250mm Jigang low-alloy plates was 4450 yuan/ton, down 30 yuan/ton from yesterday (Jilin 316L stainless steel pipe).