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[SMM thread] on the 15th, the spot was stable and weak, and the transaction improved after the fall.
Apr 15,2020 19:01CST
The content below was translated by Tencent automatically for reference.

Today snail day shock, closed down 0.6%, spot quotation synchronous loosening, stable small and medium-sized decline. In terms of transaction, after a relatively high offer a few days ago, after loosening today, the market acceptance has improved, and the transaction has improved compared with yesterday. [Hangzhou]: thread resources were reduced by 10-20 yuan / ton at the beginning of the day, and the price was stable for the whole day after the adjustment of Shagang, which was quoted at 3540-3550 yuan / ton. Zhongtian was lowered by 10-20 yuan again in the afternoon to 34903510 yuan / ton, and Zhongtian plate screw was quoted at about 3640 yuan / ton. All-day trading is more active than yesterday, first, the futures shock, phased mobilization of market sentiment; second, the current traders bid looser than a few days ago, the willingness of the terminal to take goods increased, speculative demand and terminal demand have improved. [Shanghai]: the transaction was insufficient after the opening and downward adjustment of threaded sand steel resources, and the quotation continued to move downwards in the afternoon to promote transaction, with a cumulative drop of about 20-30 yuan throughout the day, and Shagang to 3470 yuan / ton, but the market wait-and-see mood is still strong, and the general deviation of all-day transaction. [Beijing]: the river steel resources are up 10-20 yuan / ton, the thread is reported to 3430-3450 yuan / ton, and the disk snail is quoted to 3700-3720 yuan / ton. Trading was better than yesterday, but trading was not positive due to weaker futures shocks. [Guangzhou]: the quotation is relatively stable, cold steel 36903710 yuan / ton, disk snail steel 36803700 yuan / ton, intraplate concussion, traders' mentality loosened, covert drop phenomenon common, transaction general.

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