Home / Metal News / Steel & Iron Ore / [SMM Thread] Tangshan production restriction news set out again, but there are no ripples in the spot market for the time being.
[SMM Thread] Tangshan production restriction news set out again, but there are no ripples in the spot market for the time being.
Apr 16,2020 17:25CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

Today, the market re-spread "Tangshan production restrictions", the introduction period screw disk wide shock, market sentiment tends to be cautious, the terminal to wait-and-see mentality, most of the market mainstream spot prices remain stable operation, there are few bright spots, the overall performance is general. [Beijing]: the price of this thread river steel resource is 3450-3460 yuan / ton, up 10-20 yuan / ton compared with yesterday. Subject to relatively limited demand, the inflow of local resources is on the low side, there is a shortage of some specifications in the market, the spot price is strong, and the transaction is not entirely satisfactory. [Hangzhou]: thread resources were reduced by 10 yuan / ton, Shagang thread was quoted at 3530-3540 yuan / ton, and then the disk was quickly pulled up under the influence of market news. The market quotation was raised by about 10-20 yuan / ton at noon, 3540-3550 yuan / ton for Shagang thread, 3510-3520 yuan / ton for Zhongtian thread and 3640RMB-3650 yuan / ton for Zhongtian disc screw. The offer was firm in the afternoon. All-day transactions were more active than yesterday, traders were active in replenishing warehouses at low prices, but some traders said there had been a reduction in terminal pick-up. [Shanghai]: thread spot prices remained stable today, showing a "strong before and then weak" trend, with a slight correction in the afternoon under a disk boost. Shagang quoted 3460-3480 yuan per ton. The overall deal is normal. [Guangzhou]: the opening price is up 10 yuan / ton compared with yesterday, but the transaction is not satisfactory. In the afternoon, there is a covert drop of 10-20 yuan / ton in the market, but there is still no bright spot in the transaction.

Daily review
quotation
price forecast
output
inventory

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

Related news