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Cangzhou Junde Steel Pipe Co.,Ltd

Add: South of Qiantong Road, Cangzhou City, Hebei, China

Contact us:Sunny Yang

Phone: 86-13303171370

Tel: 86-317-8517170

Fax: 86-317-5527266

E-mail: export@jundesteelpipe.com

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The steel market rebounded last weekend

Apr 02, 2018

Commentary: The steel market rebounded last weekend, stimulated by this, although the overall situation has eased, but the overall demand is still not too optimistic after the follow-up, although prices have risen on Sunday, but the demand gradually disappears weak. After the market opened this morning, the market demand further weakened, and the transaction prices of all varieties declined compared with yesterday. Among them, the billet spot resources fell from 3,540 in the morning to around 3,490 in the noon, the narrow band opened down 50-70, and the steel fell back to 20-50. The performance of mixed transactions was uneven. Among them, the sales of steel billets and steel bars did not change much, and the weakness continued. The price of narrow strips increased by 20-50 after returning from transactions. In addition, the futures market continued the red-hot situation on Friday, but the overall amplitude was significantly narrowed. There is a downward trend, which brings hidden danger to the market for the good market. Although afternoon mainstream billet manufacturers reported stable operation, but in the afternoon it was reported that the lowest spot billet price has been adjusted to around 3480, so the billet price dropped by 30 to 3430 at the end of the session. After a few days in the market, due to the Ching Ming small holiday and the resumption of production of the downstream rolling plant, the market may have a wave of replenishment, and the market trend in the past week gradually returned to normal. Although the overall situation is still not optimistic, the cautious attitude remains , But overall, the recent market or continuation of the low position adjustment movement

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Contact information

South of Qiantong Road,Cangzhou City,Hebei,China

86-317-8517170

whatsapp: 86-13303171370

export@jundesteelpipe.com

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