On the 9th of building materials spot market prices continue to decline, the price of Beijing, Tianjin,
 
Beijing and Tianjin areas have accelerated the downward trend, Shanghai vulnerable temporary stability.The hot weather still continuing in most parts of the country, the downstream demand is difficult to
pick up, middlemen passive replenishment, last week, rebar inventories continue to rise, the market pessimism diffuse.
 
The latest economic data showed the CPI increased by only rose 2.2 percent, while the PPI decline rate expanded to 2.1%, so that the performance of China's economic fundamentals continue the cooling trend.
 
In this context, the improvement in downstream demand may still need some time.
 
The morning low of snails open downlink test 4050 support. 1210 the main contract Tiaokongdikai 4070 yuan intraday continue down as low as 4046 yuan, low decline slowed down midday trading to close at 4054 yuan, or 0.81 percent. Position minus 1930 hand turnover of 245,000 hand light.
Shanghai market price of steel construction continuing weakness last week, more than Yindie, especially resource prices of mainstream manufacturers steel policy game with larger decreases. Monday opening,
early maintenance of stability of the local market, the majority of businesses offer sales to wait and see, but there is still a leading brand down the sales price, we can see the negative mentality
temporary hard to change, the weak is the norm.
 
Market, the overall situation, too few resources to the volume of East China manufacturers, but considering now the consumer off-season, the demand for low digestion, therefore, the market, inventories will be maintained at a low level can no longer apparent decline.
 
Beijing market point of view, the performance is slightly worse than the Shanghai market. Last Friday to the weekend, the overall market decline in turnover of the situation with the weak market more and more time, the market confidence is a serious lack of Today, a number of big down the offer, which the plate, screw become common knowledge, a decline of more than 50 yuan / ton.
 
Along with the downturn in the market in Beijing, Tianjin market, there have been overall decline situation, and the business priced at 20-30 yuan / ton decline compared to the previous Friday. By the current rainy weather, businesses generally expected that the prices are still low may, the main reason for this is also the business price.
Guangzhou market, weak stable opening, the Guangzhou market price is still accelerated downstream the main overall demand subdued. Heavy rains and hot also makes the market downstream of the construction
progress slows down, businesses more pessimistic state of mind. The same market pressures to increase inventory, increase in the south by North wood, the light of local demand, but to give businesses more
pessimistic signal.



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