July 7th Shanghai Building Material Market Diary (high Temperature Of Care)
7 7, clear. Weekend in Shanghai is, again very hot heat wave, up to 38.8 degrees Celsius for two consecutive days the temperature is make people feel uncomfortable?? Thus, this first round of high-temperature heat wave has lasted 6 days. Today, the sun continued violent, is “Marco Polo Bridge Incident” 71 anniversary of the 24 solar terms in Chinese is “Xiaoshu.” The former is a national disgrace, can not forget the Memorial; the latter seasons, and is good to remind?? Xiaoshu solar terms mean higher temperatures, also means that time quietly transition from summer to summer. The face of endless hot, Shanghai construction steel market is showing a rare calm.
Regular meeting for Monday, the West offer to postpone the project later came out to 9: 2 Steel Index up twenty yuan, a rise of different specifications are stable, such as two steel 18-22mm size stability, 16mm and 25mm raised 5250 yuan / ton. Three smooth steel index, the standard price has not been adjusted. Offer a stable market there rose the mainstream, not the bottom of the transaction price changes.
Morning, the leading distributor in Shanghai were mixed: the two have a big part of the terminal specifications listed prices up slightly, a few main channels to market for the sale of businesses or remained stable, or slightly higher. As part of the dealers offer intraday adjustments have been last Friday, the price of a small number of large small-scale no significant pushed market prices up. Operating point, according to feedback, to 10:00, the price of basic understanding of the various species?? High stability, low up to become mainstream.
Sub varieties of view, two steel exempt resources to hang in the 5250-5320 per hour, non-exempt more than 12 meters Length of products traded in more than 5230 yuan; 3 steel 16-22mm and more reported in 5480 yuan / ton, 25mm stabilized at 5,600 yuan or more; wire prices little changed High Line Lowest shipping in 5850 yuan. From the quote, except two slightly higher overall price of steel, the price of other varieties remained consolidation trend. After the market opened, few market transactions, similar to last week’s opening as a single volume the basic disappeared, and the site has failed to follow-up to delivery, the whole morning, the company sold low.
Up to see whether the state of mind, can see the demand rising, it seems, the morning market, whether it is business mentality, or weather conditions, they can not support the current price sharply higher. There Dealers said that after last week’s continuous pulled, the current gains are exempt from secondary steel at 80 yuan / ton, distributors continue to rise there is room for doubt, and up there after the manufacturer’s policy offensive. Therefore, there is no improvement in sales before the lack of active traders push up prices of power. In addition, seven, in August reduced demand for this is that the classical period of continuous hot weather is increasingly affecting the construction site, said to a lot of small sites due to weather and financial reasons have been reduced or even stopped the procurement of materials. Can be said that the current market has obvious seasonal characteristics: no significant reduction of resource supply, the same trend can not be good business mind, difficult to effectively enlarge the terminal demand. Obviously, without the news side of the line with the market correction may be re-entered the dry period.
Unfortunately, the surface is not good news. Macroscopic surface has interesting news: Recently, Wen Jiabao, Xi Jinping and Wang Qishan were in Jiangsu, Shanghai, Shandong, Guangdong, inspected work on the current foreign trade, finance and other aspects of development expressed concern about the situation. From the Yangtze River Delta to the Bohai Bay, to the Pearl River Delta, the central level is almost the same time to select the most developed economy in three regions inspections, investigations, perhaps the macroeconomic side is changing in a subtle hint it. Also worth mentioning is that the import in 2008 Iron ore talks After the dust settles, the media frequently questions raised steel prices for this reason the sound increase, which seems to indicate that manufacturers unilaterally endless strong one respect, is the follow-up forces ahead of the arrival overdraft … … , the storage resources during normal day weekend, wagon into the library of a batch of Fujian Sanming Steel and Laiwu Steel Yongfeng product, multi-storage vessels for the East China steel resources, such as Yong Gang CTN.
Afternoon, the market demand does not improve, the site does not smooth to goods sold to the Monday surprise. Today, under the shadow of the high temperature, structural steel market in Shanghai businessmen were cautious, hesitant prices.
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