China Steel Prices to Recover in September-Shanghai Metals Market

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China Steel Prices to Recover in September

Industry News 02:02:03PM Aug 22, 2014 Source:SMM
SHANGHAI, Aug. 22 (SMM) – Steel prices in China’s domestic market are expected to rebound in September, Shanghai Metals Market’s ferrous branch Steelease foresees. 
 
The average price of rebar fell to 3,081 yuan per tonne Aug. 19 from 3,122 yuan per tonne on Jul. 31, a decline of 41 yuan or 1.31%. 
 
A rebound in steel prices is expected in September following the arrival of high-demand season, government’s modest stimulus program and low stocks held by steel mills and traders, Steelease expects.   
 
However, tight liquidity and market pessimism will prevent steel prices from rising sharply in September. 
 
Key Words:  China steel prices 

Price

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Aluminum Ingot
Aug.16
14240.0
50.0
(0.35%)
Aluminum Ingot - Fo Shan
Aug.16
14250.0
60.0
(0.42%)
Aluminum Ingot - Wu Xi
Aug.16
14250.0
55.0
(0.39%)
Aluminum Ingot - Hang Zhou
Aug.16
14250.0
65.0
(0.46%)
Aluminum Ingot - Chong Qing
Aug.16
14240.0
60.0
(0.42%)

China Steel Prices to Recover in September

Industry News 02:02:03PM Aug 22, 2014 Source:SMM
SHANGHAI, Aug. 22 (SMM) – Steel prices in China’s domestic market are expected to rebound in September, Shanghai Metals Market’s ferrous branch Steelease foresees. 
 
The average price of rebar fell to 3,081 yuan per tonne Aug. 19 from 3,122 yuan per tonne on Jul. 31, a decline of 41 yuan or 1.31%. 
 
A rebound in steel prices is expected in September following the arrival of high-demand season, government’s modest stimulus program and low stocks held by steel mills and traders, Steelease expects.   
 
However, tight liquidity and market pessimism will prevent steel prices from rising sharply in September. 
 
Key Words:  China steel prices