Construction steel market continues to callback price cuts and shipments are still dominant

On the 5th, the prices of the national building materials spot market continued to decline. In addition to the mainstream market in Beijing, Tianjin, Shanghai and Guangzhou, all regions also generally fell. East China, South China, North China, Northwest China, and Southwest China were reduced by 10-30 yuan, and the major disadvantages in the northeast region were temporarily stable.

In view of the overall spot market, the weak demand for terminals is insufficient, coupled with the spread of high-temperature weather everywhere, price reduction and shipment are still dominant. Although there were signs of a rebound in the previous day, the current pressure at the 4100 level is difficult to climb.

After shocks rose in the afternoon session yesterday, the company snatched the red in early trading today. The period of the main screw 1210 opened higher at 4084, after a narrow range of basic oscillations in the interval, once the impact of a 4100 mark on the way, but fell after a failed, early closing at 4087, up 0.17%.

From the perspective of the market, prices in Shanghai today continue to decline. In general terms, the price of local second-class steel mills has been fully poached at 3,900 yuan/ton, and the transactions have mostly been closer to the lower ones. The transaction price of the third-grade rebar seismic-reinforcing steel 4,000 yuan/ton has also increased significantly. The three types of brand resources have not come down significantly due to the previous period's prices have reached a lower level, and only a few brands offer at 3,800 yuan/ton or less.

At the same time, not only the Shanghai market, but also the recent trend of second- and third-tier rebars in the majority of mainstream markets in the East China region has been poor. They have all bid farewell to the “4 eras”.

In the North China market, the decline in Beijing building materials continues and the market price in Tianjin continues to decline. Although the overall market conditions in the Beijing market yesterday were fair, the general deal did not stop prices from falling. The low price level of the market's three-tier large thread has now fallen below 4,100 yuan/ton, with individual big customers offering cash at 4,090 yuan/ton, and the pre-paid price equal to 4,070 yuan/ton.

The prices of various businesses in the Tianjin market have fallen today. However, the business mentality is not the same, quotes are more confusing, the price there is a certain price difference. Over the past two days, intermittent rains have stopped transportation and transactions, and have added to the short-term market's bearish sentiment. However, due to the current market price has been lower than the cost of the business, some businesses also said that there is little room for late fall.

Permeating the empty atmosphere in the country, the Guangzhou market, which had a slightly earlier trend, could not be calm. Today, Guangzhou building materials generally go down by 20 yuan/ton. At present, the temperature in Guangzhou is high, and the construction time and purchase schedule of the downstream construction units have been compressed, so the overall demand has not improved. Combined with the recent trend, with the continuation of high-temperature days, the market is likely to continue its weak operation.