Home / Metal News / Steel & Iron Ore / [SMM Thread] 7 days of snail opening high and low quoted price loosening and weakening
[SMM Thread] 7 days of snail opening high and low quoted price loosening and weakening
Apr 7,2020 18:51CST
The content below was translated by Tencent automatically for reference.


Today, the snail rose briefly in early trading and then weakened, and when the spot market opened, the quotation was raised, and the intraday snail was weak, the quotation was loose, and it fell slightly by 10-20 yuan throughout the day. In terms of transaction, the low price trading in the morning is OK, the high price is not smooth, and after the high price resources are loosened in the afternoon, there is a small deal, and the transaction is general all day. Specifically:

[Hangzhou]: the opening of mainstream thread resources rose 10-20 yuan, Sha Steel thread reported 3480-3490 yuan / ton, the morning transaction activity is weak, the disk fell sharply after the traders held a wait-and-see attitude. Afternoon plate to maintain a weak shock, traders quoted loose, in order to stimulate transactions, the price down 20-30 yuan / ton, sand steel thread 3410 yuan / ton, Zhongtian plate snail 3600-3610 yuan / ton, the transaction situation is still general after price adjustment.

[Shanghai]: the opening price of thread sand steel resources is 10-20 yuan / ton, the inquiry volume is still available, but the transaction is not much. In the afternoon, the merchant's mentality is loose, the quotation moves down 20-30 yuan, but the transaction of Shagang has not improved obviously.

[Beijing]: the price of Hegang resources is stable throughout the day, 33803400 yuan / ton for threaded steel and 35903610 yuan / ton for spiral steel. All-day transaction is general, low-cost resource transaction is OK.

[Guangzhou]: the thread and disc screw are stable all day, the thread cold steel quotation is 36503660 yuan / ton, the disc snail ten thousand steel quotation 36503660 yuan / ton, the intraplate merchants secretly drop about 20 yuan / ton to promote the transaction, but the transaction is generally weak all day.

Daily review

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn