Looking back at the market performance yesterday, the market price of construction steel in Guangzhou remained stable. As of the close of the evening, the mainstream price of secondary quality rebar is at 4,130 yuan/ton, the mainstream price of three-grade quality rebar is at 4,240 yuan/ton, and the mainstream price of Dachangchang is at 4,230 yuan/ton.
In the first two days, the first-line resources of SBG and other steelmakers continued to decline, driving the market's 2nd-line resources to follow suit. The market price was confusing, and traders mostly shipped at low prices. The overall transaction did not improve significantly. It is understood that due to the prudent purchase of businesses, the market's new resources are still very limited, the arrival of new goods in Beitai slightly; It is reported that the current total stock of the fish beads port is about 32 million tons.
From the cost point of view, the billet and coke in the northern regions remained stable and the iron concentrate powder was generally stable. The purchasing price of iron ore fines in Hebei Tangshan Iron and Steel Company is stable at 1100-1130 yuan/ton, and the willingness of each steel mill to keep low inventory purchases is not strong. The selection of the planters indicates that if prices continue to fall, they will reduce shipments; The purchase price remained at 1140-1150 yuan/ton, and the purchase price for large mines was implemented at 1235-1250 yuan/ton.
On the whole, high stocks, weakened cost support, declining demand, difficulty in starting prices, and market prices are expected to continue to be dominated by weaknesses in the short term.
In the first two days, the first-line resources of SBG and other steelmakers continued to decline, driving the market's 2nd-line resources to follow suit. The market price was confusing, and traders mostly shipped at low prices. The overall transaction did not improve significantly. It is understood that due to the prudent purchase of businesses, the market's new resources are still very limited, the arrival of new goods in Beitai slightly; It is reported that the current total stock of the fish beads port is about 32 million tons.
From the cost point of view, the billet and coke in the northern regions remained stable and the iron concentrate powder was generally stable. The purchasing price of iron ore fines in Hebei Tangshan Iron and Steel Company is stable at 1100-1130 yuan/ton, and the willingness of each steel mill to keep low inventory purchases is not strong. The selection of the planters indicates that if prices continue to fall, they will reduce shipments; The purchase price remained at 1140-1150 yuan/ton, and the purchase price for large mines was implemented at 1235-1250 yuan/ton.
On the whole, high stocks, weakened cost support, declining demand, difficulty in starting prices, and market prices are expected to continue to be dominated by weaknesses in the short term.
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