This week in Shanghai steel prices sideways consolidation. As of August 17, the Shanghai quality product two rebar on behalf of the specifications reported in 3600 yuan / ton, Friday's flat; Shanghai Zhipin three rebar offer reported in 3700 yuan / ton last week, five raised by 10 yuan / ton.
 
The continuing collapse since July, the Steel City has entered a supply and demand stalemate Change the dilemma. One hand, with the continued consumption of the part of the production of steel and inventory, traders hands of inventory generally is limited, continued price cuts power weakened; but on the other hand, the current steel production amplitude is relatively limited, the downstream demand continued to slump, and warehouse frequent trouble, procurement have to be cautious, the price will naturally have a hard room to rise.
 
Then the next week, steel prices changed? Whether the space further decline in prices of raw materials? Macro data reflect what kind of change? With many questions, and went into the current market analysis.



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