Shanghai cold rolling mill: short weak correction run. Shanghai market continued weaker for cold rolling, low-resource transactions, slow market recovery, major resources have not yet digested remains part of the steel low prices, a difficult business. When down, businesses are more pessimistic, yesterday, the thread high futures continue to open higher, but pulled up in obvious fatigue, display trader confidence in the future is obviously inadequate, the market traded relatively flat, wait-and-see mood strong. According to the understanding of the current steel production is weak, and June is the downstream industries such as home appliances and automobile demand season, late-cold-rolled prices in Shanghai is expected to remain weak correction run.
Lanzhou market cold-rolled steel prices continue to hold steady. It is learnt that the Lanzhou steel cold-rolled coils for resources in the market in the near future to add little market demand, resources are mainly concentrated in the hands of individual users, most businesses hands resource inventories low. Weekend market turbulence correction is expected.
Cold fell in Guangzhou. Market, most of this businesses $ 10-20 down. Hung upside down serious as some of the business prices and costs, is not willing to follow the low-price goods, different vendors on the market today the same quotation is still a gap between resources, sold as a whole still General. Macro, April electricity consumption per cent, 3.7%, a 16-month low. Among them, about secondary industry consumption of electricity accounts for the whole of society 70%, decline in electricity consumption growth also highlights the China industry adjustment. National Bureau of statistics show that oversupply of contradictions are still outstanding. Consider local businesses continue to cut the will is not strong, short-term price continues to push itself.
Cold-rolled steel prices in the market of Changchun held steady. Recent rainy weather of Changchun market, market turnover of lighter, smaller businesses overall shipments, market prices stabilize further. Mind, most businesses optimistic caution on the market late.
Harbin cold: the market continues to hold. The weekend, today most automobile manufacturers have stopped production vacation, business as well a few days ago, prices remain unchanged. Market: Harbin market prices held steady as a whole intact. Prices of cold-rolled coils for general stability in Harbin, the lower terminal wait-and-see mood strong, demand has not really improved, while the State of positive emerging, but the contradiction between supply and demand within a short time had not been eased, traders actions are somewhat conservative, Harbin, short-term prices of cold-rolled steel is expected to continue weak correction more likely.
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