The national hot-rolled to continue to decline in the 11th, already weak downstream demand and hot weather and long-term price collapse, gradual loss of trader confidence. Only many traders For shipments clearance markdowns, but to accept the goods by little, thinly traded market.
The day of Lo continued yesterday's decline, dropping to 3906, another new low for the year. The same time, the bulk thermal volume also fell in 3972, down 1.17 percent.
On the 11th, the Shanghai market continued yesterday's closing price, but some businesses offer loose again. Feedback from the market point of view, the last stage in the other varieties as well as the drag of the forward price, the mainstream price of hot rolled sheet continuous decline. Pessimistic as most businesses in post-market earnings, so the market there to sell into the mood.
Music from the market point of view, the decline is also more obvious. Today music from merchants offer generally down to 10-20 yuan / ton, more than 4120 yuan / ton of resources has been difficult to turnover, so market high reported a more common phenomenon, and basically have to talk about space. Recent market demand for short days clunker, steel mills cut intention, the oversupply situation will continue.
A slight decline in these two market, Tianjin, hot-rolled prices were chaotic downward trend. With the increased magnitude of upside down and a bottomless market performance, business operating slight differences. Part of the business inventory, the financial pressure not intend to continue with the tune; another part of the business is mainly shipped, but in order to avoid sell, offer more obscure, more than take a single proposed; but there are some businesses continue pre-step "approach, the offer decreases, directly down to 3950-3860 yuan / ton in order to promote the deal.
This week there are two trading days, the market to improve the possibility of more remote, and if long-term price decline is hard to change, pressure on the spot market will greatly increase. Exclude the external factors, however, the bottom of the current market is still some demand to support social inventory at a low level, the possibility of no significant negative market shocks hit new lows
Other News:
Chinese fishery boat hit back at Japan warned the Japanese ship left the territo
Ueno Zoo in Tokyo on the giant panda baby death
Demand downturn the futures Powei hot-rolled spot stumble endlessly
Philippine Foreign Minister angry accused China of ＂increasingly aggressive＂
The IMF said Italy is facing the risk of proliferation of European debt crisis
Around the Secret: China to quell the chaos only to recover the Diaoyu Islands?
China: To suppress the Japanese imperial impulse to punish the provocateurs
Gossip of the South China Sea ＂with me Pishi＂
