Preliminary analysis, the market rallied again this week because of pre businesses strictly control the purchase amount to the tight market resources, and in some areas a slight release of pent-up demand due to typhoon focus, making the business to sell into the mood to ease.
The other, however, the current market as a whole is not high consumer demand, and steel repair limited production is not satisfied with the Steel City for greater than the required pattern is difficult to alleviate most of the businesses of this round of rising steel prices is not confident. On the previous day, of Lo rebound lost again to turn down caused some impact on the market atmosphere.
On the 14th morning of spiral low downside. The main 1301 contract opened lower on 3685 yuan, after the consolidation of short-term shocks, lighten up, down, as low as 3659 yuan, to stabilize the low midday trading to close at 3671 yuan, or 1.08 percent. Of snail dropped again to below 3700 points, the market is worried of screw the rebound has been unable to continue.
The previous day, the turnover of the Shanghai market, rebar has been warmer, but only certain specifications. Today's point of view, in addition to some merchants offer lower prices to adjust to the mainstream, most dealers today price does not change, while sales in this morning and not as the day before the hot, return to the flat.
Northern markets the day before the transaction is better, and begin to climb to stabilize. Today morning, the building materials market prices rose slightly in the range of 10-20 per month. Acceptable due to the previous day, the market overall turnover of the situation, the large volume of more than 1,000-2,000 tons from the previous month to improve.
Tianjin market the majority of businesses selling price remained stable, the price is closer to the low-cost. But there are also individual businesses due to the day before the transaction is relatively ideal, low inventories, today offer a slight rise. Tianjin market maker plate, screw and two steel business inventories are small, the situation temporarily Huojin high prices will not change.
But in the Guangzhou market, the situation is relatively poor. Guangdong region price pre relatively high, and coupled approached the market rain than on 1, to some extent, also affected the market demand. A few days ago by the typhoon, demurrage North wood south, but nearly two weeks there are still a lot of resources to Hong Kong businesses is expected to be more pessimistic. But two days by the other regions, pull up driven, Guangzhou is also on the rise.
Steel City this week once again usher in the rebound of a long absence, but the outlook is still faced with the variables. While steel mills have cut plan, the steel trading business, pull up the mood is relatively strong, but still can not solve the problem of iron and steel industry overcapacity, so the market worried that prices can not be sustained, the future of the mainstream market will be vulnerable consolidation.
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