Steel billet bringing in the spiral rose to bring the building materials market steady and strong

On the 10th, the national steel spot market stabilized steadily. With stable conditions in most regions, the markets in Hangzhou, Tianjin and Fuzhou have risen to some extent. Driven by the rapid rise of billets during the weekend, coupled with today's sharp increase in screw, together support the steel market today to stabilize.

On the 10th, the period of the main screw 1305 contract opened higher at 3666, after the opening higher further and broke the 3700 integer mark in one fell swoop. However, with the gradual emergence of pressure above, then the screw fell back to below 3700, showing a slight turbulent trend. As of the closing of the morning session, the Nasdaq closed at 3675, up 1.27%, Masukura 14,000 contracts, and 1.63 million contracts.

From a market point of view, despite the favorable macro conditions, stocks and snails have risen significantly. However, the confidence in the Shanghai spot market has not improved. The downturn in construction sites remains the same. The market has a strong wait-and-see attitude. As a result, local prices are basically stable, and some varieties perform There are slight differences.

Similarly, the price of Beijing's construction materials has returned to a stable level today, and the abrupt increase in billets has caused the spot market to fall into chaos again. However, there has been no increase in local prices. Traders generally believe that the billet price is a result of steel mills deliberately pulling up, but the negative attitude of the spot market has not improved.

However, today's market prices in Tianjin have risen to varying degrees, and market confidence has recovered. However, in view of the weak market demand, the prices of merchants have been different, and some merchants have not adjusted their prices. In general, prices can continue to rise, but also depends on the market demand.

In the Guangzhou market, today's business offers are late, and the prices are mainly based on temporary stability. Last week, the overall market turnover was general, and the market conditions were generally in an immeasurable decline. As a result, the inventory continued to grow.

At present, the macroscopically favorable market has a limited boost to the market and there has been no significant change in the market. Due to the slight cost support, merchants will continue to wait and see. It is expected that the overall construction steel price will remain stable in the short term.