1. Market Review
On February 26, the overall market price in Tianjin remained stable, with cold-rolled coils quoted at RMB 4,100/ton, galvanized coils quoted at RMB 4,320/ton, and color-coated coils quoted at RMB 4,800/ton. From the market perspective, today’s hot-rolled coil futures market fell first and then rose, and the market merchants’ quotations were mainly stable. Private steel mills issued a second price adjustment in the afternoon, and the overall price was weak and stable. In terms of transactions, large households traded about 200 tons, and the overall performance was tepid.
2. Price difference
From the perspective of regional price difference, the price difference of galvanized coils between Shanghai and Tianjin remained unchanged, and the price difference of galvanized coils between Guangzhou and Tianjin expanded by RMB 20/ton. The price difference of galvanized coils between Shanghai and Tianjin and Guangzhou and Tianjin is RMB 0/ton and -RMB 200/ton respectively. In terms of price difference of varieties, the price difference of Tianjin galvanized-cold-rolled coil remains unchanged, and the price difference of Tianjin galvanized-hot-rolled coil is shrinking by RMB 30/ton. The price difference of Tianjin galvanized-cold-rolled and Tianjin galvanized-hot-rolled coil is RMB 330/ton and RMB 940/ton respectively.
III. Forecast on February 27
On the whole, it is expected that the price of Tianjin cold-rolled and galvanized coils may fluctuate on February 27.
Post time: Feb-27-2025