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June 1, east China market inventory: price better but weak demand

Today's east China building materials mainstream offer stabilising up well. The report: Shanghai market wire, north Taiwan 6.5 mm specifications contour mainstream price 4000 yuan/ton. 12 mm pipes emerging specifications level 2 rebar mainstream price 4000 yuan/ton, in whom 25 mm specifications level 2 thread the market price is 3980 yuan/tons, xicheng 25 mm specifications level 3 threaded the market price is 4040 yuan/ton. Market feedback, market was well, many market in pull up a tentative, up though is not big, but the businessman mentality better. Today issued a new round of price policy of steel mill, sand, and steel, and a line steel rebar basic price to plates is given priority to, and have certain subsidies to early resources, the price of steel plates or pull up a small but all can see on market price of steel late lack of confidence that in the current economy under heavy pressure, short-term downstream demand and can't appear substantial get better, but in the cost and other factors, the price also difficult to appear down significantly, is expected to give priority to short-term market consolidation.
 
This day of the plate in the east China market price is smooth and see.
 
By the time, Shanghai market 8 mm at masteel specification board the market price is 4350 yuan/tons, masteel 20 mm specification board the market price at RMB 4110 / tons, masteel 16-20 mm specifications low alloy plate market price is 4290 yuan/ton. Market feedback, in building materials market rebound and under the influence of plate markets stabilising on the fence. But the downstream demand is still low, the market clinch a deal not improved obviously. And the society inventory has risen. On the other hand steel prices are still cut, cost support is abate, business to is lack of confidence. Expected of the plate in the recent market prices to weak smooth primarily.
 
Today the mainstream market offer hot rolling east China concussion consolidation. By the time, Shanghai market shazhousteel 3.0 * 1500 * C specifications resources mainstream price 4310 yuan/ton, shazhousteel 4.75 mm specifications hot coil price 4140 yuan/ton. Market feedback, terminal demand is still bad, delivery situation general, is mainly manufacturing recession downstream.
 
According to the current cost of raw materials to calculate, prices are still falling space. In the new round of "iron and the" project, home appliance subsidies, and a number of large industrial projects release stimulating, market may have changed, but it now looks to clinch a deal did not start. Recent market will remain still expected concussion pattern, do not eliminate market appear up shocks may.




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