Yesterday, the East Asian reporters learned that in the visited Changchun steel market, due to the impact of weakening demand, some dealers daily trading volume fell 7 percent.
"You see the people how can there be in this market." Engaged in a multi-year steel business Su Wei turned the newspaper sitting at his desk, daily shipments fell so that she appears to be less busy.
"From fifty-one about the turnover of the steel are all very good, but over the past half-year turnover decreased a lot." She said, such as last year 51 period, the daily volume of steel a day may 50 tons this year, also about 30 tons a day.
Another operation of the steel by Mr. Xu also said that the beginning of this year, the daily volume of steel has been down, warmer weather, the volume there have been signs of recovery, but still obvious.
"Now, the big yard of this market are basically a steel business, very few people to buy steel, which in previous years, the courtyard are full of parked car." He said, the rule of thumb to see, although the steel market transactions The volume is not very good, but it is estimated will be increased in the middle of this month.
View of steel prices, market supply pressure is temporarily difficult to alleviate, slow recovery downstream, stock market year-on-year rate of decline slowed down, steel prices vulnerable to run, although the current iron ore prices were relatively strong, cost factors to provide some support for the steel prices, but driven by the lack of demand factors, steel prices in the short term to maintain and increase the possibility of concussion.
Plate aspect, today's domestic hot-rolled market prices fell slightly. The downstream industry slowdown, reduced demand for steel. Steel circulation PMI index decreased significantly in April to 47.8%, total orders and procurement will decline in large enterprises accounted for the increase in the addition, total orders and plans to purchase reduced, indicating that demand will continue to weaken in May domestic hot-rolled upward momentum in the short term, there is still insufficient.
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