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[SMM Thread] spot transactions continued to weaken on the 8th, and quotations rose and dimmed.
May 8,2020 18:54CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

The main force of the snail fell back today after three consecutive days of gains, and the vast majority of market quotations in the whole country rose slightly by 10-30 yuan. Most of the markets in the country, including East China, South China, and Southwest China, did not close smoothly after the rise, and fell slightly in the afternoon, roughly withdrawing the morning increase. [Hangzhou]: the opening offer rose 10-20 yuan / ton, and the mainstream price of Shagang was 3560-3570 yuan / ton. Due to the recent price rise too fast, spot transactions obviously weakened, mainly on the sidelines. In the afternoon, some of the high prices were reduced by about 10 yuan / ton, but the transaction still did not improve. Shagang reported 3550-3560 yuan / ton, and Zhongtian Panluo 36503660 yuan / ton. Transactions were cold throughout the day, but the overall mood was slightly better than before the festival. [Shanghai]: thread spot morning trading rose 10-20 yuan / ton, Shagang resources quoted to 34903510 yuan / ton, plate snail sand steel quoted 35903610 yuan / ton, trading volume further weaker than yesterday, shipment deviation. [Beijing]: the thread is up 10 yuan / ton, the river steel resource is quoted to 3460-3470 yuan / ton, the plate snail is up 10-20 yuan / ton, and the river steel resource is quoted to 3720-3750 yuan / ton. The shipment situation is on the weak side, the high price transaction is not smooth, the low price is OK. [Guangzhou]: thread up 20-30 yuan / ton, cold steel 3710-3730 yuan / ton, disk snail offer up 10-20 yuan / ton, ten thousand steel offer 3720-3730 yuan / ton. Three days after the festival with the quotation up day by day, trading volume decreases day by day, up to today after the transaction has been less than the conventional volume, shipment general deviation.

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