The beginning of this week the National Building Materials spot market prices continue to fall, mainstream market and the decline in most parts of most between $ 10-30, Taiyuan market weak, three threads down 70 yuan.
Billet crash, the focus of the imported ore prices move down as well as the steel price cut transfer inventory, traders speed up production makes the market price further to move closer to the low futures once again Powei also gave a heavy blow to market confidence.
On the 16th morning of snails Masukura fell, the fall of 3900. The main 1301 contract opened higher at 3939 yuan, short-term shocks to adjust the short to regain confidence, to suppress Masukura of price break below the 3900 support, midday to close at 3893 yuan, or 0.82%.
Shanghai market on Zhou Huadong region leading steel was lowered prices, the local market prices began to accelerate the decline in the channel, in addition to the weekend in Tangshan region billet prices have fallen substantially, this week the opening of all varieties continues to move closer to the low. However, because of the relatively large Monday's purchases in the morning part of the market sales of dealer response is acceptable, but prices are generally low.
Monday, the Beijing-Tianjin region have shown a downward trend both markets stumble endlessly continue down the bottom of the price. The same day, Beijing large still choose to cut prices and two threaded cash price lowest price of 3910 yuan / ton, three thread 4010 yuan / ton, which is two below 3900 yuan / ton, down three break of 4000 yuan / ton have been visible.
Tianjin building materials market downturn in the atmosphere is gradually increased, mainly due to the weekend billet prices fall, the business-to-late the expected further weakening of confidence. Common phenomenon with today surrounding market prices continue to fall, Tianjin merchants selling price dropped 20 yuan / ton, and a single meeting. Close and billets associated with high-line price decreases, reaching 50 yuan / ton, part of the business transaction price can also be "floating".
Downstream of the Beijing-Tianjin region in steel prices continues, but relatively speaking, today's Guangzhou market performance is acceptable. The south part of the manufacturers currently in production by the billet prices firm, as well as the "three strikes and the two built the impact of the majority of private small factory production limiting the production of cut-off phenomenon, the market decline in resources. Opening this week, the Guangzhou market decline has slowed down, mainly disadvantaged steady.
Week view, the market fundamentals did not have the slightest change of snails again fall may further affect the mentality of the business. The market is bearish mentality of the majority, the expected short-term spot market weakness will continue
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