December 4th Shanghai Building Material Market Diary - Steel, Steel, Steel - Iron And Steel Industry

12 4, cloudy

12 4, cloudy. Fog dispersed, the sky clear, today's Shanghai is, red maple leaves, ginkgo yellow, make people feel a warm winter. In fine weather continued, unfortunately the market is still lackluster.

Opening, members of the West in this new trade route guidance prices stable, the steel index-linked 3600 dollars, quality product Rebar 16-25mm standard price reported in 3600 yuan / ton; 3 rebar 16-25mm part prices raised 3790-3850 yuan / ton. Mainstream offer stable, little change in the bottom of the transaction price.

Prices rose, closing deserted, yesterday's market, prices rose not see an increase in volume, morning, listed in Shanghai price is no longer the leading distributors of "unity" up, but the collective choice of the "silent"?? Smooth. Specifically, the two hung steel 16-25mm ,28-32mm in 3530-3630 dollars reported in 3630-3680; which, Wuhu, transit, and other leading resources between the basic stability of yuan in 3550-3580. Three different specifications of steel price increases differentiation ,10-14mm ,16-25mm and stability: sunshine, Fushun Pingxiang and resources such as reported in 3700-3800 dollars, Sha Steel and Maanshan Iron & Steel hanging in the 3820-3850 yuan. Wire towards high northern Taiwan, sunshine, Handan, etc. High Line Reported in 3620-3750 dollars, which ran 6.5mm stock, the basic price of the new resources in the fineness of more than 3750 yuan, a performance this week, the most "dazzling" products.

Price no surprises, no unusual requirements. Price uncertainty, the market opened the site to be concentrated in goods alone, but expect heavy volume does not appear in the Friday. The new route west of the trading system as an example, although there is some demand after nine intention to hang out, but there is a characteristic of these resources: a single specification is large, and in 25mm and 32mm 2 steel main?? These specifications Metro consumption of the main site. Not a flower opening up the spring, unique among lush a forest, from the morning of the procurement situation, because the volume is low, the overall market stability maintenance, such as the mainstream secondary steel prices remain at around 3,550 yuan, three major steel prices stabilize 3720-3780 per hour, or even 6.5mm high speed wire is also ascribed to stop the upward after 3750 yuan.

Is Friday, in fine weather there are more dealers hope up the heart, is the so-called "favorable factors", however, failed to spot market continued yesterday's upward trend, choosing instead to wait and see a correction , so the performance of both the people can not help but disappoint, in fact, be expected again?? After all, sales have always failed to enlarge. According to the distributor, into the week, the end demand performance interesting, regardless of market prices slightly down, pulled up or test, procurement generally modest pace. The only way to be called "active" is "sign of trouble" in the middle of needs: crash after "eating" into, edged up after the "throw out". In the process, the upstream steel has played "after the cut-off before plugging" role, with the price of "Upside Down" impact dealer operations. Market participants said the decline is because there is support up no sales, market before choosing a cycle of consolidation ... ...

Afternoon, market prices remain stable and the demand among both the site acquisition and calm. No plate pulled up, not seen or entertained reluctant sellers, this Friday, the spot market choose the "calm." Rare "free", with some friends in online communication, chat to the present day market, found that many people do not worry about falling prices, but demand continues to soften fear. For example, home to the company last Friday in the 3,500 yuan "buy the dips" hundreds of tons of secondary steel, until today, not completely out of out a week later, 50 yuan / ton not pocket the profits, said to be boss no longer so confident?? sigh a process, not as good as with that money to buy stocks. Perhaps this is the reality of the market: up changes difficult, drip see attitude.

Free up the spot and futures was down. Today, Shanghai steel futures continue to adjust the market, spiral futures were sharply lower, following the shock rebound in 1005, the contract eventually reported 4,374 yuan / ton, down 7 yuan / ton; wire main 1002 contract closed at 3823 yuan / ton, up 5 yuan / tons. Less hype and noise, stock futures, similar to.

Today's Shanghai construction steel market, prices stable and flat demand. Friday was no ups and downs, the market is very dull

by: gaga

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