SMM, 29 April:
The mainstream transaction in Ningbo was 16430-16530 yuan / ton, and the price difference between Ningbo and Shanghai ordinary brands narrowed from 50 yuan / ton to 40 yuan / ton. Today, the market rose, traders actively shipped, the market circulation of goods is more abundant. In the first period of the morning, the offer of the holder was lower than yesterday. Tiefeng reported a rise of about 150 yuan / ton to the May contract. Kirin reported a rise of 170 yuan / ton for the May contract, and will report 180 yuan / ton for the May contract. However, the transaction was very light, and entering the second trading session, some of the holders lowered Kirin's offer to around 150 yuan / ton for the May rise. On the whole, due to the rise of the disk today, the willingness to wait and see downstream is stronger, in addition, due to the poor orders of most alloy enterprises in Ningbo market, May Day holiday production is also suspended, enterprises rarely have a plan to prepare the warehouse. Overall, today's deal is worse than yesterday's.
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