Domestic Q355C square steel tube market prices continue to fall, futures rebound to the red, and the mainstream price of Q355C square steel tube in domestic markets today remains in decline. Multiple traders report that futures are up today, boosting transaction volume. Downstream buyers are beginning to purchase low-priced goods. However, with some regional prices rising during trading, the output volume quickly contracted, and downstream buyers continue to watch cautiously, hesitant to make purchases lightly.

Tangshan area Q355C square steel pipe mills saw mixed price movements for various products today, with lower-priced sources seeing strong deals. As of 16:00 today, the total transaction volume of 24 Q355C square steel pipe mills in Tangshan was approximately 86,600 tons. It is expected that the domestic Q355C square steel pipe prices will fluctuate and weaken tomorrow.

The average price of Q355C square steel pipes in key central cities across China is currently 5,290 yuan per ton, down 42 yuan from the previous trading day, and 83 yuan less than the price on the previous trading day.

Today's opening, the mainstream quotation of Shanghai Q355C square steel tube market opened weakly on the downside, futures plummeted sharply to the limit down during trading, with market panic sentiment soaring and quoted prices competing in a downward spiral.

Market feedback indicates that recently, both supply and demand in the industry's fundamentals are weak, with spot prices falling continuously. After a significant drop in local spot prices yesterday, the market has not yet stabilized, and early this morning, the mainstream resources of Q355C square steel tubes in Shanghai opened weakly. Throughout the trading day, affected by the double halt of iron ore and Q355C square steel tube futures, market panic soared, traders' quotes were chaotic, and low-priced resources were frequently offered, with some resources falling close to 5,000 yuan/ton. In terms of transactions, the market was lackluster, with low purchasing intentions from end-users and a severe lack of trading atmosphere. Considering that the demand side may become even weaker due to the influence of cold air later on, the short-term price of Q355C square steel tubes is expected to continue its weak trend.

Today's market opening prices fell, with some areas witnessing expanded price declines during trading. From the futures trading floor, today's futures market experienced a halt in trading, with the main contract for Q355C square steel tubes closing at 4,230 yuan/ton, down 368 yuan/ton from the settlement price of the previous working day.

The futures market plunged sharply, dragging down the spot prices, leading to a low spirits among merchants. In the short term, the price of Q355C square steel tubes in Shanghai is expected to remain weak.