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[SMM hot volume transaction feedback] spot prices generally rose in the mainstream market, and the overall transaction situation improved.
Jun 19,2019 18:25CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

Today, spot prices in the mainstream market generally rose by 10 to 50 yuan per ton, and the overall transaction situation has improved. Mainly because, boosted by the good news from China and the United States, the black disk has been collectively pulled up, leading to a pick-up in market sentiment, so there has been an uproar in both terminal procurement and speculative trade. Among them, the Shanghai market: hot coil spot prices rose 40 to 50 yuan / ton, the mainstream reported 3770 to 3790 yuan / ton. Transaction performance was slightly better than yesterday, mainly speculative trade. Tianjin market: the spot price of hot coil is up 10-40 yuan / ton this year, and the mainstream price is 3730-3780 yuan / ton. The transaction situation is relatively weak, mainly due to the lack of spot resources in the market, and the diversion of terminal demand to the surrounding areas. Lecong Market: the spot price of hot rolls is up 10 yuan to 20 yuan per ton, and the mainstream report is 3870 to 3910 yuan per ton. The transaction situation has improved slightly, mainly to the terminal purchase. [SMM Steel]

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