Opened on Friday, Tianjin's hot-rolled market was affected by the external market, with a slight increase of 20-30 yuan / ton, the current general price of 5.5 general price of 3550-3560 yuan / ton. As of press time, the market 2.75mm Tang Gang, Cheng Steel reported 3780 yuan / ton, 5.5mm Tangshan Iron and Steel, Shougang reported 3560 yuan / ton, 5.5mm China Railway reported 3550 yuan / ton. Peripherals: The Shanghai market price is turbulent and the Guangzhou market is steadily stronger.
In terms of the market, yesterday morning saw a narrow range of long-term shocks. The spot market remained weak. The price was slightly loosened at RMB 10/ton. The general price of 5.5 general price was RMB 3530 to RMB 3540/ton. In the afternoon, the market was stronger in the long-term, but the business mentality was relatively stable. Secondary price adjustment.
Transaction: According to feedback, the downstream end-user wait and see mood is becoming more concentrated, pre-holidays stocking more cautious, more choice of small quantities of stocking or even not stocking wet storage holiday, so the volume has not been significantly improved. There are only two working days before the holiday, and businesses are gradually increasing their hearts and minds. With relatively good macro news, there is little chance that the steel market will fluctuate significantly.
In terms of the market, yesterday morning saw a narrow range of long-term shocks. The spot market remained weak. The price was slightly loosened at RMB 10/ton. The general price of 5.5 general price was RMB 3530 to RMB 3540/ton. In the afternoon, the market was stronger in the long-term, but the business mentality was relatively stable. Secondary price adjustment.
Transaction: According to feedback, the downstream end-user wait and see mood is becoming more concentrated, pre-holidays stocking more cautious, more choice of small quantities of stocking or even not stocking wet storage holiday, so the volume has not been significantly improved. There are only two working days before the holiday, and businesses are gradually increasing their hearts and minds. With relatively good macro news, there is little chance that the steel market will fluctuate significantly.
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