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[SMM thread] spot rise is blocked, market wait-and-see mood intensifies
Jul 10,2020 17:50CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 10: the main snail in this period after last night's market diving, today's consolidation weakens, the spot market quotation after rising for five consecutive days, the national average price rose 88.5 yuan, today each market steadily fell 10 won 20 yuan / ton, market trading enthusiasm continues to cool, speculative demand shrinks, the overall transaction is not as good as a few days ago. [Hangzhou]: the market price was lowered by 10 murals 20 yuan per ton this morning, and Shagang was quoted at 3660 RMB3670 yuan per tonne. The market quotation is stable in the afternoon. The trend of snails in the superposition period is weak because of the heavy rain in Hangzhou. The whole day's market transaction is deserted, mainly wait and see. [Beijing]: the thread is stable, the resources of Hegang is 3710mur3720 yuan / ton, the plate is stable, and the resources of Hegang is 3790Mur3820 yuan / ton. Today's transaction is relatively deserted, only a small number of transactions at a low price. [Shanghai]: the spot price of thread is reduced by 10 yuan / ton, the current resource of Shagang is 3580 RMB3590 / ton, and the price of Panluo Shagang is 3840 RMB3850 / ton. The transaction situation is basically the same as yesterday, some merchants feedback terminal procurement and traders are on the low side. [Guangzhou]: thread quotation is basically stable, cold steel 3890Mel 3900 yuan / ton, today's procurement is mostly terminal, businesses are mainly wait-and-see stability, turnover is less than yesterday, the whole is general. [Chengdu]: the market quotation of Thread Weigang fell by 10mur20 yuan / ton to 3710Mu3730 yuan / ton, the overall transaction is generally weak, speculative demand has shrunk.

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