Around the steel market
29th, Shanghai runs cold rolled price held steady. Judging from the market situation, close to new year's day, market price expectation is not strong, and today is CD-bid, and some traders will tomorrow begin a holiday, maintained in tepid trade as a whole. According to market feedback, since last Wednesday, market turnover will show signs of decline, so dark down from time to time, plus positive month, business operation mainly to ship back. Future view, prices in the short term in the game between volume and transaction status of resources, to be dominated by narrow range as a whole. Price aspects, as press, angang 1.0mm cold volume quotes for 2620 Yuan/tons, 1.0mm cold Board quotes for 2630 Yuan/tons; bengang 1.0mm cold volume quotes for 2580 Yuan/tons, 1.5mm cold Board quotes for 2570 Yuan/tons around; WISCO 1.0mm cold volume quotes for 2610 Yuan/tons, 1.0mm cold Board quotes for 2620 Yuan/tons; horse steel 1.0mm cold volume quotes for 2630 Yuan/tons; Shougang, and Tangshan iron and, and Handan iron and steel, and West side 1.0mm steel cold rolled price 2500-2580 Yuan/ton.
29th Tianjin cold rolled: rose On 29th, the Tianjin market research on the cold rolled slightly up. Due to limited demand for steel, late and limited space growth in market demand, as temperatures in the North decreased market demand will be a drag on, lack of power on market prices continued to rebound. In view of the uncertainty about the market in the late war, for insurance purposes, most businesses will remain low inventory operations; mills will continue to maintain limited production, part of the resources or the State will remain out of stock. Near the end of the month, some businesses there is a money collecting pressure, market pressures persist, but less of the market turnover in the short term is difficult to promote the rapid price changes. But business inventories generally low, in order to reduce market risks, later will not add more stock, the market trend will continue to have support. The price, at the time of the former, AISC 1.0 box of 2550 Yuan/ton, iron 1.0 specification sheet resources at 2530 Yuan/ton, Shougang 1.0 specification resource 2510 Yuan/ton, steel 2470 1.0 specification resource Yuan/ton, baogang 1.0 specification resources 2600 Yuan/ton; Handan iron and steel resource in Handan 1.5-2.0 specifications 2330-2350 Yuan/ton. Source:http://www.jnsteelpipe.com/
