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[SMM thread] 29th stable stock at the terminal, the price is stable and weak under the heavy pressure of inventory.
Apr 29,2020 18:51CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

 

This period of narrow shock, the spot market under inventory pressure, traders have a strong willingness to go to the warehouse, the opening is stable and small and medium-sized decline, promote transactions. Terminal demand volume is relatively stable, all-day transactions can be done, the expected hot situation did not appear, traders mentality is cautious.

[Hangzhou]: this morning, the mainstream report of Shagang was about 34903500 yuan per ton, and that of Zhongtian Panluo was 35903600 yuan per ton. The price was stable throughout the day, and some traders secretly reduced their transactions by 10-20 yuan per ton. At present, traders are pessimistic, shipment is more positive, all-day transactions can be done, prices are difficult to rise.

[Shanghai]: the thread has been relatively stable in the near future. Shagang 3440-3450 yuan / ton, the transaction is better, and the stock volume before the end of the festival has not reached the peak value of last year's peak season.

[Beijing]: the quotation of river steel thread is stable all day, 3420-3430 yuan / ton, the screw is weak and stable, and the quotation of river steel resources is 3700-3720 yuan / ton. It is still mainly low-priced transactions, inquiry orders and trading volume in general, in the near future is better.

[Guangzhou]: the thread is stable, the cold steel quotation is 3570-3590 yuan / ton, the disk snail quotation is stable, and the ten thousand steel quotation is 3630-3640 yuan / ton. Trading volume continues to maintain yesterday's high, the terminal continues to stock.

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