The 18th National Building Materials spot market prices continue to decline, continue to be maintained at between $ 10-40. According to the latest data released by the China Steel Association, in early July, crude steel output of 1.95 million tons, despite the slight decline, but the decline is limited, and difficult for the market boost.
18 Date screw midday ending, but the morning still hit a new low since the adjustment, the mentality of the market is hard to be optimistic. 1301 Date screw the main contract low at 3852 yuan, after the opening bell quickly pulled up in 3870 near the Difficult diving, reaching 3843 yuan low, again upside, but failed to reach 3870 before high shock consolidation, afternoon The disc received 3867 yuan, up 0.13 percent.
Shanghai market was forced to a loss of sales is still a continuation of the market outlook is the formation of many obstacles. Currently, businesses rush to ship, have to sell into the promotion, but they have also exacerbated the downstream demand wait-and-see atmosphere. A further drop in the Shanghai market today, but there is no convergence trend of decline, are still within a short space continues to plumb.
Beijing market is still in the Yindie channel, two thread mainstream price has fallen below 3900 yuan/ton and 3880 yuan/ton, three large thread struggle in 4000 yuan/ton. Such a depressed market, Beijing business ridicule for many years a case.
Small thread and the thread of the Beijing market is closer to the conventional 150 yuan/ton price difference, affected, Tianjin, some businesses, small threaded spreads began to narrow the Throughout the Tianjin market today, continue to fall, chaos merchants offer price gap has widened.
Guangzhou area, yesterday's performance is more confusion, still based on the wire to lower the main, identical with the Monday trend. In addition, small factories and private resources as accelerate the decline of the steel billet price has been falling overall, yesterday fell to 20-30 yuan/ton. The transaction is still not satisfactory, waiting to see the majority.
At present, the steel price adjustment policies, as well as the continuous decline in crude steel production is not difficult to see, the steel mills have been bearish on the outlook. Real estate and other downstream industry demand for the release of the limited space in such a downturn in the stock market, the lack of business confidence, the market sentiment is strong. Short term, the steel market downturn is difficult to change.
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