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Steel market has not yet fully opened after the holiday stee

Views: date:2017-12-15
After the Spring Festival holiday, the domestic spot steel market has not yet fully opened, a considerable number of businesses have not yet returned to the market, even if there are businesses offer, it seems "no market price." Steel prices remained stable.
 
After the Spring Festival holiday only a short period of 2 working days, the domestic steel market is still not fully open. At present, the domestic spot steel composite index closed at 129.11 points, slightly up 0.02% in 2 days. From the specific species point of view, the trend has been divided: by the strong pricing strategy of steel mills, construction steel prices slightly stronger; and in the relevant steel futures species plummeted under the influence of the spot price of hot rolled coil slightly loosened, the business mentality deviation. At present, the overall stock market pressure on the larger.
 
According to analysis, in the construction steel market, the price consolidation in the slightly stronger trend. Zhengzhou, Taiyuan and other places price of 80 yuan to 150 yuan rise, while Nanjing, Guangzhou and other places a slight decline in prices, other market prices steady operation. A considerable number of businesses have not yet returned to the market, the current offer is a bit "no market price," the real release of terminal demand is estimated to be delayed. Although the steel mills in the factory price slightly stronger, but the inventory increase, the futures market fell against the backdrop of the next step in the construction of steel prices still dominated by high and volatile.
 
In the plate market, the overall price decline. Hot rolled coil prices weakened, Shanghai, Guangzhou, Shenyang and other places after the festival price dropped 20 yuan to 50 yuan. Business mentality deviation, even a slight decline in value, the market basically no deal. Plate prices stable operation, although some traders have "opened the door", but not yet officially open. At present, the greater pressure from the increase in inventory, the downstream terminal procurement did not start, the pressure is more obvious.