Multiple factors boost BV grade EH32 plate price

With the continuous recovery of the global economy, the effect of monetary easing policy is further enhanced, and inflation expectations will continue to push up the prices of commodity markets. In January 2021, China's domestic financial data exceeded expectations, significantly boosting BV grade EH32 plate market confidence.

The change of winter storage inventory structure in 2021 has also become a booster factor for the rise of BV grade EH32 plate price after the festival.

In terms of downstream demand, the domestic demand side will continue to maintain a relatively strong pattern, penetrating into the steel consumption level. The resilience of real estate investment will continue to support the consumption of long materials. The steel for infrastructure construction will fall slightly under the background of the shrinkage of the scale of special bonds and the decline of the proportion of investment in construction. The manufacturing industry will continue to rebound under the background of internal and external Pro cyclical recovery, and the consumption of BV grade EH32 plate may have a bright performance.

On the supply side, industry insiders pointed out that the steel industry, as a high energy consumption industry, accounts for about 15% of China's total carbon emissions. Driven by the increased capacity replacement policy and the target node of "carbon peaking and carbon neutralization", the steel industry's supply will show a low digit growth in 2021, no exception for BV grade EH32 plate.

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