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Market price trends for six black metal products show a decline in mid-June

Market price trends for six black metal products show a decline in mid-June

At Haihao Group, we closely monitor market trends in raw materials and keep our customers informed. According to the latest data from the National Bureau of Statistics, prices for six key black metal products have seen a noticeable decline in mid-June. This information is crucial for our clients who rely on accurate and timely market insights to make informed decisions.



Overview of Market Changes

The National Bureau of Statistics conducted a survey of market prices for 50 essential production materials across nine major categories. Comparing mid-June to early June, prices for 13 products increased, 31 decreased, and 6 remained stable. Notably, all six black metal products experienced a decrease in their market prices.

Price Declines for Black Metal Products

HRB400E Rebar (φ20mm): The price dropped to 3589.1 RMB/ton, a decrease of 55.4 RMB/ton or 1.5% from the previous period.

HPB300 Wire Rod (φ8mm-10mm): The price fell to 3767.2 RMB/ton, down by 52.0 RMB/ton or 1.4%.

Q235 Common Medium Plate (20mm): The price decreased to 3816.4 RMB/ton, a reduction of 37.3 RMB/ton or 1.0%.

Q235 Hot Rolled Common Coil (4.75mm-11.5mm): The price declined to 3768.6 RMB/ton, down by 17.3 RMB/ton or 0.5%.

Seamless Steel Pipe (219mm×6mm, 20#): The price dropped to 4475.9 RMB/ton, a decrease of 27.4 RMB/ton or 0.6%.

Angle Steel (5#): The price fell to 3870.5 RMB/ton, down by 50.8 RMB/ton or 1.3%.

Implications for Our Customers

The decline in black metal prices presents both opportunities and considerations for our customers. Lower material costs can reduce production expenses and improve profit margins. However, it is essential to stay informed about these fluctuations to strategically plan purchases and manage inventory effectively.

At Haihao Group, we are committed to providing our customers with up-to-date market information and expert insights. Our goal is to help you navigate these changes with confidence, ensuring that you can optimize your operations and achieve your business objectives.

Stay connected with Haihao Group for the latest market updates and industry news. Together, we can make informed decisions that drive success in a dynamic market environment.