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[SMM thread] the overall transaction was not satisfactory, and the merchants failed to raise prices tentatively.
May 28,2020 19:35CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

This period of snail overall showed a volatile trend, opened high in early trading, some market merchants slightly pulled up 10 yuan / ton, but the snail weakened in midday, coupled with inventory data that was less than market expectations, market sentiment weakened, transaction performance also deviated, prices failed, spot prices adjusted back again in the afternoon, and basically maintained stability throughout the day than yesterday. Among them-[Beijing]: the spot price is relatively strong today, and the thread quotation of Heshan Steel 3590 is 3620 yuan / ton. The transaction in the past two days is not ideal, showing a general deviation. [Hangzhou]: this morning, the snail trend opened low and went high. The price of snails in the morning market was raised by 10Mu20 yuan / ton, Shagang was quoted at 3600rel yuan / ton, around midday snail noodles were weak, traders' shipments were not smooth, and the price was reduced by 20yuan / ton. Shagang quoted 3590Muth3600 yuan / ton, and Zhongtian snail reported 3740RMB3750 / tonne. The overall transaction throughout the day was poor, and the demand side was mainly wait and see. [Shanghai]: today's quotation to maintain stability, Shagang plant thread price 3540mur3550 yuan / ton, Yaxin plate snail 3560mur3580 yuan / ton, low price transaction is OK, the overall performance in the normal level, there is no obvious change compared with yesterday. [Guangzhou]: today, the cold steel thread is reported steadily at 3750mur3780 yuan / ton. due to the influence of rainy weather, the release of terminal demand is blocked and the transaction is weak. [Chengdu]: the resources of Thread Weigang rose 20 yuan / ton to 3800 RMB3810 / ton, the electric furnace resources rose 40 yuan / ton in the past two days, and Changfeng reported 3700Muth3720 yuan / tonne. Today's market buying mood is exuberant, and the transaction is better than yesterday.

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