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[brief comment on SMM Hot Volume: spot prices continue to fall and traders are willing and unable to sell goods]
Jun 10,2019 18:32CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

Today, spot prices in the mainstream market generally fell, ranging from 10 to 40 yuan per ton. The deal remained in the doldrums. And according to the feedback of traders, the current market shipment is more difficult, resulting in the overall order mood is relatively low, in addition to the new production line, mainly to the arrival of long-term resources. The reason why the mainstream markets generally reflect is that

1. At present, the spot price is relatively low, and the spot price in each market is in the state of upside-down (120-180 yuan / ton on average in each market). 2. At present, the market demand situation is relatively poor, and the resources received are difficult to conclude. Among them,

Shanghai market: the spot price of hot coil is reduced by 10-20 yuan / ton, and the mainstream report is 3820-3840 yuan / ton. The market transaction performance is weak, mainly due to the strong bearish sentiment of the downstream terminals, coupled with the inventory accumulation of the downstream terminals in the early stage, resulting in a wait-and-see attitude towards the market in the state of non-rigid demand.

Tianjin market: the spot price of hot coil is reduced by 10 yuan to 20 yuan per ton, and the mainstream price is 3760 to 3790 yuan per ton. The transaction situation is poor, mainly due to the fact that there are fewer goods in the market, some specifications and resources are scarce, and the prices of surrounding resources are generally low (Tangshan 3710-3720 yuan / ton + freight: 40-50 yuan / ton with tickets). As a result, the demand that originally supported the market was diverted to other markets.

Lecong market: the spot price of hot volume has been reduced by 20 to 40 yuan / ton, and the mainstream report is 3850 to 3900 yuan / ton. The transaction is extremely weak, mainly due to the recent more weather in the region Rain Water, resulting in the discharge of goods from the wharf can not be carried out, affecting the arrival of goods in the market, then in the case of incomplete market specifications, the willingness to purchase the terminal is even more depressed. [SMM Steel]

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