Issuing agency: China Association of the National Shipbuilding Industry
Column: Statistics
source: https://www.cansi.org.cn/cms/document/16264.html
Since the beginning of this year, the prices of domestic steel, coal and other commodities have continued to rise. Recently, relevant government departments and institutions have been vocal about the rise in commodity prices, and multiple departments have jointly taken measures to cool down the situation. The State Council executive meeting held on May 19 proposed that arrangements should be made to ensure the supply and stable prices of commodities and maintain the smooth operation of the economy.
On May 20, steel futures fell across the board. The main rebar futures contract on the Shanghai Futures Exchange closed at 5,186 yuan/ton, down 4.74%; the main hot-rolled coil futures contract on the last exchange closed at 5,555 yuan/ton, down 4.47%; the main iron ore futures contract on the last exchange closed at 1,142.5 yuan/ton, down 5.70%.
As black futures continued to fall, the spot market saw a more obvious price drop. On May 20, the national average price of 20mm shipbuilding plates was 6,530 yuan/ton, a decrease of 292 yuan/ton from the previous day, a decrease of 4.2%, and a decrease of 8.3% from the recent high.