Home / Metal News / Steel & Iron Ore / [SMM Thread] 8 spot slightly up the market mentality become cautious
[SMM Thread] 8 spot slightly up the market mentality become cautious
Apr 8,2020 19:18CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

Today, after the opening of the snail rose in the high shock, the spot quotation is stable and on the strong side, the whole day one after another small increase of 10-20 yuan. In terms of transaction, it was better in the morning and weaker in the afternoon. In terms of mentality, there is some differentiation between the north and the south, with businesses in East China cautiously raising prices to the warehouse, and the willingness to raise prices is not strong, while in the north, there is still a certain willingness to raise prices, specifically: [Hangzhou]: thread mainstream resources opened up by about 10 yuan. Shagang 34703490 yuan / ton, boosted by the disk in the morning, the market transaction is active, most traders have the idea of price increase. In the afternoon, the disk maintained a high level of concussion, the quotation increased by 10-20 yuan / ton, Sha steel thread 34803500 yuan / ton, Zhongtian disk snail 36203630 yuan / ton, the transaction activity weakened after the price rose. [Shanghai]: the quotation for thread sand steel resources is stable, 3400-3420 yuan / ton for Shagang and 3550-3570 yuan / ton for plate snail sand steel. All-day transactions are OK, but there is still a dark decline in the phenomenon of transactions, traders are cautious. [Beijing]: River steel thread stability 33803400 yuan / ton, river steel plate snail up 10-20 yuan / ton, reported 3620-3640 yuan / ton. The shipment is all right throughout the day. [Guangzhou]: the quotation of thread and disc screw is relatively stable, the price of thread cold steel is 36503660 yuan / ton, the price of plate snail ten thousand steel is 36503660 yuan / ton, the merchants in the plate secretly drop about 20 yuan / ton to promote the transaction, and the transaction is generally weak all day.

Quotation
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