SMM, 21 April:

The mainstream transaction in Ningbo was 15920-16140 yuan / ton, and the price difference between Ningbo and Shanghai ordinary brands narrowed from 30 yuan / ton to 20 yuan / ton from 30 yuan / ton yesterday. Today, the supply of goods in Ningbo market has tightened again, and there is almost no circulation of western mines in the market. In the morning, the first period of the market fell, and the offer from the holder was relatively strong. Tiefeng and Huize quoted prices around 170 yuan / ton for the May contract. Kirin and Hualian News delivered 210 yuan / ton for the May contract. The freight deduction is also basically 170 yuan / ton for the May contract. Today, the market quotation is more unified, the purchase intention of the downstream is better in the morning, although the order continues to be weak, but because the stock of raw materials in the early stage has almost been consumed, the willingness to buy in the lower reaches has improved. On the whole, today's transactions are mainly downstream low-price replenishment, and the transaction situation is better than yesterday.

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