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April 6 the latest price trend of steel morning news

[Construction steel] 2 construction steel market prices slightly pulled up. The average price of rebar in major cities was 5,135 yuan/ton, up 37 yuan/ton from the previous trading day. Night plate period closed. Early east China construction steel market prices edged up 20-30 yuan/ton. Shanghai has been closed due to the epidemic control, but most construction sites have been stopped and there are few market transactions. The market is driven more by the policy. Spot is not very good under the control of the epidemic on the demand side. During the Qingming Festival, there is no impact of the futures plate, so it is difficult to increase short-term demand. The market is more looking forward to next week, also need to wait and see after the Qingming Festival holiday demand recovery and futures prices are too high, money bags for peace of mind will appear high retreat, it is expected that the recent construction steel market quotation wait-and-see consolidation operation.

【 hot rolling coil 】2 hot rolling spot prices rose slightly. The average price in major cities was 5,315 yuan/ton, up 27 weeks from The first day and 53 percent from the previous month. Shanghai 5290-5300 yuan/ton increased by 30 yuan from 1 day to 70 yuan from last week, Lecong 5290-5310 yuan/ton increased by 20 yuan from 1 day to 50 yuan from last week. Tianjin 5290-5300 rose 50 from 1 day to 50 from last week. Yan Steel bidding price stability. Rizhao steel spot prices up 40. After two consecutive days of rising, the mood of the spot market is obviously better, the stock before the holiday makes the downstream began to volume orders, transaction significantly improved. Despite the lingering effects of the pandemic, prices will not fall in the short term.

[Cold rolled coil] 2. The average price of cold rolled sheet in major cities nationwide was 5849 yuan/ton, up 12 yuan/ton compared with yesterday, up 55 yuan/ton compared with the same period last week. The market price of cold rolling has risen steadily, among which, the market price of 1.0 cold rolling of Anshan Iron and Steel Company in Shanghai is 5620 yuan/ton, up 20 yuan/ton; Tianjin Tiantie 1.0 cold coil 5650 yuan/ton, up 40 yuan/ton; Lecong Liusteel 1.0 cold coil 5620 yuan/ton, up 20 yuan/ton. Cold rolling market prices have risen steadily, the market transaction performance is general, active trading between some traders, low resource transaction is still acceptable, some regional market demand is still acceptable. Under the control of the epidemic, transportation has been delayed, resources on the way to the market have increased, and steel mills have accumulated inventory. Demand side release did not meet expectations, based on many aspects of support, said the operation of the market is limited. Short – term market prices are expected to run in a narrow range of shocks.

Post time: Apr-06-2022