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[SMM hot volume] the volume opened low and went high, and the spot transaction improved significantly.
May 27,2020 18:57CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

In this issue, the volume opened low and went high, and the market transaction situation improved significantly. The trend of the night trading volume continued to be weak yesterday, and some market quotations were slightly reduced by about 10 yuan / ton this morning. With the strengthening of the market, the market turnover improved significantly, the flow of low-price resources was smooth, and the pre-wait-and-see terminal and speculative demand all took action. In the afternoon, some market quotations were slightly raised by 10 Mir 20 yuan / ton, and the transaction is still more active.

[North China Market]: today, the quotation of Tianjin has been slightly reduced by 10 yuan / ton, the transaction is average, the terminal is mainly purchased on demand, and the merchants ship goods smoothly. The quotation of Tangshan traders is firm and the transaction is mediocre throughout the day.

[South China Market]: Lecong's quotation was stable in early trading, and the transaction was poor. Trading improved in the afternoon driven by the market, speculative demand and terminal demand began to pick up goods. Driven by demand, the market price was increased by 10 murals and 20 yuan per ton, and the overall transaction was good throughout the day.

[East China Market]: the market quotation in Shanghai was stable this morning, the market transaction was better under the boost of the market, and the shipment at low price was smooth. Some merchants have raised prices by volume, and the demand for replenishment by terminals and traders has improved significantly. Ningbo, Wuxi today's market quotation is stable and strong, affected by the strong trend of the volume, the whole-day transaction is OK. The mainstream transaction price in Zhangjiagang was reduced by about 10 yuan per ton in early trading, and the transaction was better. With the upside of the market, traders sold while rising, and the overall transaction was better throughout the day. Its specifications other than the delivery specifications in May were out of stock, and the market circulation resources were sold at a premium of 10 yuan and 20 yuan per ton.

[SMM Steel]

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