Tuesday market review: Shanghai building steel continues to smooth the sidelines; hot-rolled coils offer weak hold individual resources slightly loosened; cold-rolled steel prices fell again.
Construction steel: on Tuesday, the Shanghai building steel smooth continues to wait-and-see, high line by $ 10/ton. Because the site needs does not want, Terminal purchase does not have much enthusiasm, lack of business confidence generally, market trading atmosphere is very cold. Reduced in July at Baosteel no small price effects on the steel, steel once again returned to the Green yesterday, which also makes the lack of confidence in the stock market, building steel prices continue to decline in the late point of view is more common. Steel, the major support contracts below $ 4,100 in 1210 sites, closed at $ 4,100 per ton, compared to the daily settlement price fell $ 27, traded 713,000, 28,000 less hands, hand position 721,000, reduction of 5,000. Summing up the above, short term construction steel demand remained low, local building steel prices are expected to maintain deadlock, narrow fluctuations. As dispatch, HRB355 ф 16-25mm material threaded steel inspection-free resources on the market price of 3,910 dollars/ton flat, non-mainstream exemption ф 16-25mmHRB355 material threaded steel prices $ 3840-3850/ton flat; HRB400 screw-thread steel mainstream ф 16-25mm price $ 4060-4090/ton flat; ф 8-10MM wire fell $ 10 3980-3990 Yuan/ton.
Hot-rolled sheet: yesterday, Shanghai hot rolled coils offer weak held steady, slightly loose individual resources are carbon heavy volume mainstream prices at $ 4130-4140/ton range. Traded relatively flat throughout the day, businesses continue to hold a cautious wait-and-see attitude, depressed market atmosphere. Learned from the market, current hot tight resource situation will ease the volume in Shanghai, recently a group of sunshine resources have arrived in Shanghai, this week is expected to be put on the market, yet not cause supply pressure to the stock market, but continued low demand and every season is approaching, is expected to hot-rolled coil prices continue to shock consolidation pattern in Shanghai. The short term, demand remains a fundamental factor for steel prices can improve, and there are no obvious signs of local thermal volume demand is expected to hot-rolled coil prices continue to shock consolidation pattern in Shanghai. As dispatch, market material Q235B 3.0mm*1500mm/hot coil tonghua shagang/price $ 4,320 Shougang resources/ton flat material Q235B 2.75mm*1500mm thermal volume in Benxi steel, Anshan iron resources at 4,340 dollars/ton flat; 5.5-11.5mm*1500mm hot coil Sha steel, North sunshine, quotes $ 4130-4150 down 10 Yuan/ton.
Cold-rolled steel: 12th, cold-rolled steel prices in Shanghai fell again, 1.0mm cold volume mainstream price in $ 4680-4700/ton. Baosteel slashed prices, and extensive delivery difficulties, business owners pessimistic mentality is not good, but price cuts to speed up shipment.
Along with the market prices of cold-rolled all the way down, and steel ex-factory price of inverted range increased, agent enthusiasm in order to weaken. In addition, cold-rolled end demand bad, Shanghai prices of cold-rolled steel is expected to continue steady weakening trend. As press Shi, market Shang 1.0mm angang cold Board 4,850 Yuan/tons fell 30 Yuan; 1.2-1.5mm angang cold Board mainstream quote in 4,810 Yuan/tons fell 20 Yuan; 1.5mm WISCO cold Board price in 4,700 Yuan/tons fell 20 Yuan; 3.0mm angang cold Board quote in 5,670 Yuan/tons fell 30 Yuan; cold volume area, are 1.0mm horse steel cold volume c material price 4,750 Yuan/tons fell 10 Yuan; 1.0mm Handan iron and steel group cold volume c material price 4,690 Yuan/tons fell 10 Yuan.
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