The mainstream of national building material spot market prices held steady on the 2nd, in some areas to fall, Beijing, Tianjin, Xi'an market slightly lower 20-30, Shanghai, Hangzhou, Nanjing vulnerable transient stability.
Following the crash on the 1st, on the 2nd morning of snails continue Masukura fell. The main Tiaokongdikai 1301 at 3696 yuan, the disk continued to drop as low as 3663 yuan, low vulnerable consolidation, income for 3683 fell 1.29 percent.
Futures market crash greatly dampened confidence in the market, while in the case of transactions weak stock market rally can not be sustained.
Shanghai market point of view, on the 2nd all varieties of yesterday's price was flat. But behind the offer barely Shouwen, the market Anchaoyongdong. According to the immediate cost, Sha Steel, Steel Wing, transit two rebar in late July a base price of the upper and lower settlement cost is 3600 yuan / ton in Jiangsu, Zhejiang agents blindly push the nearly 3700 yuan / ton, the price is quite embarrassing, the downside risk is also higher.
In the stable case of the Shanghai market, the North China market ahead of the East China market reaction. Morning Beijing market Yindie the volume gradually increased due to poor performance of the overall market turnover less than one thousand tons. Meanwhile, the Beijing market out of stock specifications is not large, the majority of low-cost or enough to be able to purchase.
By the Beijing market prices and the impact of the continued rainy weather, Tianjin Building Materials mainstream price down to move closer. It is understood that the majority of business inventory than less, and part of the warehouse delivery more difficult. Therefore, the business sells more confusion, some varieties of specifications of the gap is relatively large.
Guangzhou business on the 1st offer is almost flat on Monday, Tuesday merchant shipping is also good, but with the of snails diving, a blow to confidence in the market, merchants offer slightly loose.
The period city crash Powei of plus stock market rally is unsustainable, short-term rise in the current round of Steel City may have thus concluded. Business mentality is still more worried about the contradiction between supply and demand can not alleviate the worst may be August, Steel City may re-take the pre-Yindie old.
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