Transaction weak steel market reproduction vulnerable
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The weak demand situation has been going on for several days, on the 15th, the domestic hot rolled coil market is still stable and weaker, although most of the national market was steady to wait and see, but prices still dominate the market in Shanghai, Beijing, Guangzhou, local Yindie. Shanghai market, With Shagang resources arrive one after another, on the market some of the resources in short supply situation eased, but rumored to have businesses of 100,000 tons of sunshine resources will arrive, or to increase the pressure of the late supply of resources. Nationwide market transactions continued to light, the inquiry very few merchants offer generally steady, but the actual transactions are still bargaining space. Baosteel, Wuhan Iron and Steel prices are down, between the ex-factory price and the market price is still significantly upside down, coupled with the hot rolled coil prices have been at the low of the year, increasing pressure of business losses, continue to sell low-wishes. Compared with the previous day, on the 15th, the the Chongqing the market Q235B3.0mm hot coil prices fell 30 yuan / ton.
August 15 long products index, fell by up to 152 points, down 0.06 percent than the previous day. The 1301 contract of screw the main shock downstream, to close 3669, down 0.05 percent. Turnover slowed after prices in the domestic building materials market in the 15th due to the lack of upward momentum difficult to maintain gains, as a whole into weak consolidation only individually shortage of resources, as well as steel pull-up factors of the market rose slightly. Among them, Shanghai, Beijing, Guangzhou and other leading markets continue steady rise in the 14th Tianjin market turn down, only a small number of Changsha, Wuhan, Kunming and other prices are still 20 yuan / ton increase. Electricity consumption data in July confirmed, weak domestic industrial growth, house prices continue to rebound, does not rule the country continue to produce a control policy, which indicates weak downstream demand situation will continue, the power is still a lack of steel prices continued to rise. The addition of snails in two days weaknesses on the spot market confidence to combat the negative factors emerging circumstances, short-term building materials prices is hard to be continued to rise. On the 15th Wuhan market HRB33520mm steel prices over the previous trading day up 20 yuan / ton, the Tianjin market fell to 20 yuan / ton.