By the recent building materials main futures contract the continuous consolidation dropped the negative impact, the state of mind of the Shanghai market, dealers instability, coupled with decreased Purchase Inquiry the downstream construction site this week, weak market turnover, the building materials market to some extentslightly lower price. Near the end of the business to return the funds pressure has increased, more eager to ship for the arrival of September, some businesses are still more pessimistic.
Meanwhile, after the opening of the Beijing market today to continue down the range of around $ 20. Recently the price decline, resulting in gradually reduce the difference between the two and three threaded, most businesses today from market dips stage within sight, take a wait-and-see attitude on the future short-term market changes.
Belong to North China's Tianjin market, today is also showing a downward trend of the disadvantaged. Price performance for all businesses to continue to fall, the mainstream transaction prices closer to market low-cost. It is understood that the current market sentiment is more pessimistic, due to the volume increase, the business inventories have increased, which also increased the psychological pressure to lower prices.
Guangzhou market yesterday continued to fall, mainly in wire price, prices were relatively stable thread. The overall turnover is also threaded adequate, wire shipped weak. This morning situation, billets weak stable of imported ore spot prices down further, of PB powder mainstream 765-790 yuan / ton fell 10 yuan, strong businesses Paohuo willingness, but thinly traded.
At present, it is expected that the consolidation trend will continue in the spot market, downstream improvement in the short term may not, and if that will be the arrival of the "golden nine silver ten" still did not pick up a year may be spent in the doldrums.
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