It has been shown, the hot rolled coil market decline yesterday spread increased dominate the market decline. Market is facing multiple pressures, weak turnover, rising inventories, and the forward price of the blow are bearish dominant short-term market pressures increase, expected price declines die hard.
According to the monitoring data show that, on the 20th of 24 major markets Q235B 3.0mm hot rolled average price of 3752 yuan / ton, down 15 yuan / ton, compared with the previous trading day price which the Tianjin market prices are down 60 yuan / ton, the market price of Jinan down 50 yuan / ton. The average price of hot rolled Q235B 4.75mm 3643 yuan / ton, down 17 yuan / ton, compared with the previous trading day price, Taiyuan, Jinan and decrease in the market price of 50 yuan / ton.
Yesterday Angang introduced ex-factory price in September, prices fell in line with expectations, but still the price fell another leading role, together with the poor turnover and forward prices of hot rolled coil decline intensified yesterday, the number of bear markets is obvious increased, and Shanghai, Tianjin, and music from the dominant market decline has increased. Much reflect new resources arrive one after another, the businesses under financial pressure, began to increase the price of loose amplitude.
Recent domestic policy and basically in a vacuum, it is difficult to form a strong support for the market. Market price run more dependent on the supply and demand balanced, but in the off-season environment, the demand is always difficult to improve, and hot rolled coil stock failed to effectively decreased. Under the pressures of the market prices continued to slow down. Expected short-term price is still hard to improve.
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