Home / Metal News / Steel & Iron Ore / [SMM Thread] 26 Sunday spot market is more stable than cold quotation
[SMM Thread] 26 Sunday spot market is more stable than cold quotation
Apr 26,2020 18:25CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

 

This spot market quotation is generally stable, although businesses have expectations for pre-holiday terminal stock demand, but remain cautious on the whole, superimposed today is an unconventional trading day, the opening price basically maintains Friday's price, only some businesses in individual cities slightly push up 10 yuan / ton, but the transaction is weaker, afternoon down 10 yuan / ton to promote transactions, all-day transactions are general, mainly to terminal pick up the goods.

[Hangzhou]: the early plate Sha steel thread is stable, the afternoon quotation is slightly reduced by about 10 yuan / ton, Sha steel thread is quoted to 3510-3520 yuan / ton, Zhongtian thread 3490-3500 yuan / ton, Zhongtian screw 36003620 yuan / ton. The whole day transaction situation is OK, the low price transaction is dominant.

[Shanghai]: the resources of threaded sand steel are basically stable throughout the day, with some opening up 10 yuan / ton. In the afternoon, the mainstream quotation of Shagang is 3450-3460 yuan / ton, and that of plate snail sand steel is 3560-3590 yuan / tonne. Some businesses are not working and the transaction is cold.

[Beijing]: the opening of river steel resources is stable, trading is not smooth, down 10 yuan / ton from noon, threaded river steel reported to 3440-3450 yuan / ton, disk snail river steel about 3700 yuan / ton, there is still a small covert drop, the transaction is general.

[Guangzhou]: stable thread, 3610-3630 yuan / ton cold steel, 10-20 yuan / ton for disk snail, 36303640 yuan / ton for ten thousand steel. There are fewer inquiries throughout the day, and transactions are generally weak.

Daily review
quotation

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