Shock consolidation of today's mainstream quotations of the East building materials. At press: Shanghai Market Wire, North Taiwan 6.5mm high specification line quoted in the mainstream 3900 yuan / ton.
Xinxing Ductile Iron Pipes 12mm specification two rebar mainstream price of 3960 yuan / ton the Shagang production 25mm standard two threaded a quoted market price of 3940 yuan / ton, West 25mm standard three thread quoted market price of 4000 yuan / ton. Market feedback, along with the good of the outer disk, the domestic commodity collective rebound of the steel also continues the pattern of weak rebound, the stock market drop significantly narrowed part of the market steady and wait and see.
However, with the temperature gradually switch to high, slowing the downstream construction schedule, combined with the downstream industry outlook is uncertain, it is less market purchases. The market outlook, the off-season downturn in demand will continue to drag quotation rebound expected short-term prices to the vulnerable consolidation.
The East China Plate decline in quoted market prices increasingly narrow. At press time, Maanshan Iron and Steel 8mm specifications of the Shanghai market S & P Market Price 4220 yuan / ton, Maanshan Iron and Steel 20mm Specifications General Market Price 3990 yuan / ton, Maanshan Iron and Steel 16-20mm specifications of low-alloy plate market price of 4190 yuan / ton. The feedback from the market, compared to other varieties, the plate is still currently one of the weakest species of the market, prices continue to slump, the market of intermediate links is extremely active in the market turnover in the doldrums. Steel trading business, the market outlook bearish, cover their short positions will is not strong, even if the steel mills have lowered prices, but orders are still not ideal. Terminal demand, the downstream industry downturn, the contradiction between supply and demand even more prominent. Expected that the recent downward price trend is unlikely to change.
Today mainstream market quotations of East hot-rolled sideways. At press time, the Shanghai market Shagang 3.0 * 1500 * C Specifications Resources quoted in the mainstream 4220 yuan / ton sand steel 4.75mm specification hot rolled coil price of 4050 yuan / ton. Market feedback, recent prices of different regions in succession loose, low-cost still stimulate downstream procurement, coupled with the hot weather, the project stagnated, demand is more sluggish. Transaction, as always, light. From a cost point of view, the price of hot rolled seem to have dropped the conditions, but taking into account market inventory is low, some businesses offer steady. Insiders said the market price is still shocks in the short-term consolidation.
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