Decline in a row afterwards four weeks, the servant metal prices on the 9th construction a “bottomed” signs. Information collected via the servant iron and metal to a figure of trader feedback points out that the request for a slight advances, but waits conservative approximate the market outlook.
According to “House Gang” IT organizations to monitor, on the 9th Shanghai market of high queue and the metal transaction price of the mainstream ranges were 3310 yuan per ton and 3240 yuan, a slight bounce at the end of final 60 and 20. Dealers have said that sooner in Shanghai across twenty days of consecutive rain days of suppressed request terminal.
With the fine climate, the site operating rate boom, construction metal market transactions superior than before. Dealers have also think, from the two month since mid-market prices, the Shanghai market dip in the prices of metal construction more than 500 yuan per tonne, dealers more grave loss, and now request to perceive a good point, everybody naturally want to chase upward the prices can go upward . According to several dealers to reflect the price increases, the Shanghai market could be sold metal construction, shipping is not affected.
Steel building market even though a bit “bright”, but at a high inventory in the market, the downstream demand is uncertain, the dealer is still having a more cautious attitude, paying close attention to the sustainability of prices.
Dealers have said that at present the demand for steel building mainly in roads, bridges and other government on public works, while those from the real estate market weakened demand. Distributors have noted that the recent re-cut some domestic steel mills will help to alleviate market stress inventory, the prices will play a “positive role”, but the rebound is not expected too much space.
