Price Dynamics of Grain-Oriented Electrical Steel
Shanghai B23R085 grade: 14,400-14,600 yuan/mt
Wuhan 23RK085 grade: 14,200-14,700 yuan/mt
This week, the price of cold-rolled grain-oriented electrical steel in Shanghai remained stable, with the overall market trading performance being mediocre. In the current market environment, buyers and sellers maintained a relatively cautious attitude in the price negotiations, and the trading volume failed to rebound.
In terms of supply, the overall supply of grain-oriented electrical steel resources was loose, with insufficient spot liquidity for some grades, reflecting, to a certain extent, the imbalance in market supply. As the impact of the off-season gradually emerged, the willingness of downstream end-user transformer users to purchase declined. However, traders had low inventory levels and no significant sales pressure, generally refusing to budge on prices.
Looking ahead, the degree of loose supply of grain-oriented electrical steel may further expand, and the supply-demand imbalance in the market will become more pronounced. The issue of insufficient demand will persist, and downstream end-users are likely to maintain a purchasing-as-needed strategy. Meanwhile, the production situation of downstream end-users is also not optimistic, further suppressing the growth in demand for grain-oriented electrical steel. Market sentiment is generally cautious and wait-and-see. In summary, it is expected that the price of grain-oriented electrical steel in Shanghai will remain in the doldrums next week.
