What is the future market price trend of China's medium and heavy plate

The supply side of medium and heavy plate fundamentals is expected to increase in May. On the demand side, the power consumption of the secondary industry was 4615 kwh in March, with a year-on-year growth rate of 21.2%, 18.82% higher than that in the same period of 2019, indicating that the development of processing and manufacturing industries such as mining industry, manufacturing industry and construction industry is optimistic, and the development of steel demand such as medium and heavy plate is still good in the future.

On the whole, the upstream raw material shortage of medium and heavy plate is alleviated, and the short-term correction of billet price will increase the market fear of high psychology. In addition, the market's Hedging of monetary funds will also have some impact on the development of the commodity market, thus bringing pressure on the rise of market prices. However, in the medium and long term, the supply and demand fundamentals of China's medium and heavy plate still exist, and the market demand is optimistic, which can hedge the supply pressure brought by the incremental resources. Comprehensive judgment, the current market price has not entered the downward channel, the market prices are still likely to rise in May.