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[SMM Thread] 6 the national spot market rose, the overall stable output of terminal demand
May 6,2020 18:46CST
The content below was translated by Tencent automatically for reference.

Due to the continuous rise in raw materials, including billets, scrap steel and coke, as well as a strong rebound in crude oil futures, the main force of this period of snail is driven, jump high open, intra-day shock higher. In the spot market, some businesses in East China have risen 10-20 yuan / ton during the festival. Today, they are mainly stable, while most of the country's markets are up about 2050 yuan / ton. Overall inquiry and transaction as a whole is good. [Hangzhou]: this time, the screw disk is open high, and the quotation in the morning market is 20 yuan / ton higher than that before the festival. The mainstream price of Shagang is 35403550 yuan / ton, but the high price is not smooth. In the afternoon, the market quotation withdraws a certain morning increase to promote the transaction. Shagang reported 35303540 yuan / ton and Zhongtian Panluo 36203640 yuan / ton. This market transaction situation is general, the low price transaction is dominant. [Shanghai]: the spot price of thread is stable (up 10-20 yuan / ton compared with that before the festival), 3460-3480 yuan / ton for Shagang resources and 3580-3600 yuan / ton for plate snail Shagang. Some terminals take goods, speculative demand is mainly wait-and-see, the overall transaction is still OK. [Beijing]: the thread is up 10-20 yuan / ton compared with that before the node, the river steel resource is 3450 yuan / ton, the disk screw is stable, and the river steel resource is 3700-3720 yuan / ton. Some businesses said that the volume of shipments is not as good as before the festival, the overall transaction is general, low prices are better. [Guangzhou]: thread up 40-60 yuan / ton, cold steel 3640-3660 yuan / ton, disk snail up 10-20 yuan / ton, Wangang 3660-3680 yuan / ton. Terminal demand continues the high level of pre-festival, trading is still good after the rise.

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