On the 18th, the price of building materials in the spot market remained stable. Market prices in Shanghai, Nanjing, Hefei, and Chongqing dropped by 10 yuan to 20 yuan. The price of Jinan and Xi’an market rose by RMB 20-/ton. The national market HRB400 (20MM) average price is 2128 yuan/ton, which is flat compared with the previous day's price.
From the market feedback situation, the spiral 1601 night volatility is weak, closing 1924, down 0.57% over yesterday; early morning screw 1601 opened higher in 1925, down 0.52% compared with yesterday. Today (18th) opened the market, the spot market continued to maintain a weak trend. It is learned from the market that spot prices in Shanghai and other surrounding areas have continued to decline recently, and prices quoted by local businesses have steadily weakened. According to traders' reactions, the current market resources are clearly divided. On the one hand, the steel plants represented by Shagang and Zhongtian have relatively small resources due to irregular specifications, and prices remain relatively strong; on the other hand, other steel mills have arrived due to resources. With the increase, the supply and demand in the market is tight, resources are under pressure, and prices continue to fall. Taken together, the weak market trend has not changed, and prices may continue to fluctuate in the near future.
Today's industry information surface, the global iron ore market is still difficult to cheer. According to the latest report of the relevant organization, in the domestic ore market, the prices of iron concentrate powder in Hebei region have been operating stably. The domestic mines are out of stock, inventory is gradually increasing, production and sales pressures are becoming apparent, and securing shipments and stabilizing prices have become the primary targets of domestic mines. The price of imported ore fell for the first half of the week and rebounded in the second half of the week. On the 18th Platts 62% grade iron ore index was 57.6 US dollars per ton, and fell 1.65 U.S. dollars a week. Recently, the international mainstream mines have increased their shipments. The concentration of imported ore is relatively concentrated. At present, iron ore inventories in major ports in China have reached a new high since early June.
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