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Construction steel market rebound in the main market did not follow up

Upstream remains weak, while the of Lo trend recently firm, formed to boost market sentiment. On the 13th morning of snails continue to be ascribed, but meet resistance in the line position on the 20th. The 1301 contract of the morning of snails the main shock to close at 3720 yuan, up 0.22 percent.
 
On Monday, the Shanghai building materials continue to be steady and wait-based. At present, the normal daily trading volume of Shanghai Dachang resources between 300-600 tons. Terms of price, the price of Shanghai and Jiangsu, Zhejiang region in excess of cost of settlement of the leading steel in east China in early August, the local is less than 3400 yuan / ton tray resources eyeing. Businesses generally more numbness, poor response on the rebound.
 
Zhou Yihua Tianjin market performance, the overall trend is inferior to the Shanghai market. Morning, the building materials market price correction based. Market traders bid more confusion, were mixed. While individual businesses led 10-30 yuan / ton, but the majority of merchants with varying degrees of decline in value.
 
From Tianjin market point of view, this week, opening the first day, businesses face consolidation inventory, therefore, prices temporarily remained stable. However, a small number of business transactions is not good, the market is expected to be more pessimistic, prices also appeared in different degrees of decline. Businesses admitted that if the overall market turnover is still not ideal, and overall lower prices increase the possibility of tomorrow.



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