Chinese main areas steel market prices on March 6, 2020

Chinese main areas teel market prices on March 6, 2020
Steel demand increased month-on-month, price range fluctuated.
According to the monitored transaction data, the prices of building materials in major cities across the country have risen and fallen this week. The regions with large declines in the previous period have rebounded to a certain extent, and the spot prices in some regions have made up for the decline. Specifically, the performance of various places:
Beijing market: This week, the spot price of Beijing market continued to be under pressure, which was 30-50RMN/ ton lower than last week. The current price of Hebei Iron and Steel HPB300Ф8-10mm high line is 3950RMN/ ton; HRB400EФ12-Ф14mm small thread 3350-3370RMN/ ton, HRB400EФ16mm thread about 3330RMN/ ton, HRB400EФ18-22mm large thread 3300-3330RMN/ ton; HRB400Ф8-10mm The price of Panluo is around 3430RMN/ ton.
 
Beijing steel market: Although the resumption of terminal work in the Beijing market has accelerated this week, the actual demand is still insufficient, and the building materials inventory continues to increase to about 950,000 tons. In order to speed up shipments, some agents have cut prices to promote sales. The quotation has fallen by about 50RMN/ ton from last week. Some low-cost resources have intermediaries to lock up goods, but the overall transaction is still weak. Taking into account the gradual release of terminal demand in the market and merchants actively shipping under inventory pressure, it is expected that the Beijing market will continue to operate at a low level next week.
 
Hangzhou steel market: This week, the Hangzhou market price has increased. As of Friday, the mainstream offer price of 16-25mm rebar of Shagang was 3,520RMN/ton, and equivalent resources of Yonggang, Zhongtian and Shente were 3480-3500RMN/ ton; Yonggang, China The price of disc snails and wire rods such as Tian and Sha Steel is 3670RMN/ ton; qualified products are sold at 3420-3460RMN/ ton, and wire and disc snails are around 3590RMN/ ton.
 
Early in the week, black-based futures rose, orders at construction sites increased, intermediaries actively locked up goods, and market transactions significantly increased. Market prices rose by about 40 yuan. In the middle of the week, the futures spiral contract adjusted, market procurement returned to rationality, and quotations fluctuated slightly. Demand was flat on Friday, but most merchants offered firm prices. In terms of inventory, the current thread inventory in Hangzhou area is about 1.11 million tons, which is an increase of 120,000 tons weekly. There are still a lot of vessels waiting for unloading in the canal. Overall, the Hangzhou market has a large inventory, but the recovery of demand in Zhejiang is accelerating. It is expected that the Hangzhou steel market will rise steadily next week.
 
Guangzhou steel market: The price of building materials in the Guangzhou market has been adjusted slightly this week. The current quoted price of rebar steel Shaogang Ф18-25mmHRB400E specification resources is 3800RMN/ ton, and Guangsteel, Cold Steel, Yufeng, Yuegang, Hunan Steel HRB400EФ18-25mm specification resources At 3760-3800RMN/ ton; the mainstream price of Shaogang's HPB300Ф6-10mm high-line is 3810-3870RMN/ ton; Guangsteel, Zhuhai Yuegang, and Hunan Iron and Steel Group sell at 3720-3790RMN/ ton at the same high-speed line. Hunan Steel and Pinggang offer 8-10mmHRB400 disc screws at 3710-3750RMN/ ton.

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