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[brief comment on SMM Thread] the news of production restriction comes out frequently, and the downstream delivery hesitates to stay on the sidelines.
Jun 25,2019 18:28CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

[brief comment on SMM Thread] the news of production restrictions is frequent, and the market hesitates to wait and see that today's thread spot is driven by the news of production restrictions, and all over the country continue to rise slightly by 10 to 50 yuan per ton. In the case of frequent production restrictions, the market for soaring prices hold a wait-and-see state, downstream take goods attitude hesitant, some urban traders reflect that demand has not yet increased, so the overall transaction today is general. Beijing market: spot prices rose 40 yuan / ton today. Hegang quoted 3800 yuan / ton in the morning and 20 to 3820 yuan / ton in the afternoon. The deal was all right, basically the same as yesterday. Hangzhou market: today's spot screw thread rose slightly by 10 yuan / ton, Shagang quoted price of 4030 yuan / ton, basically maintaining price stability throughout the day. The rise in prices has not led to market conditions. The spot transaction situation of Shagang is not ideal, but the shipment situation of other brands such as Zhongtian is better. Guangzhou market: today thread continues to rise 40 yuan / ton, cold steel quotation 4060 yuan / ton. Today's transaction situation is still not satisfactory, continuous Rain Water weather to curb downstream demand, so that the market still has a calm wait-and-see attitude towards rising prices. Shanghai market: thread spot today up 10 yuan / ton, Shagang quoted price of 3930 yuan / ton. Transaction situation: market feedback demand can not keep up with the pace of price rise, the transaction situation is more general. [SMM Steel]

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