INDUSTRY NEWS
Tianjin-Shanghai-Guangdong Makou Iron: Price-stabilized operation Poor downstream orders
Price: Shanghai market Meisteel 0.2mm double-sided tinplateed 2.8g resource mainstream price adjustment, reported to 6230 yuan / ton, Baosteel 0.25mm mainstream price this week at 6700 yuan / ton, private steel mills, the current Coma 0.2mm specification factory price at 6080 yuan / ton.
Tianjin market price adjustment, Furen 0.2 x 900 mainstream selling price 6000, Siwende 0.2 x 800 mainstream price 6150, Zhai Zhuoli 0.20 x 926 mainstream price 6050, Guangzhou 0.20mm Coma 6010. This week, the Makou iron market temporarily stable operation, the overall transaction is poor. Specifically, upstream: the spot hot volume market during the week narrow fluctuations, inventory continued to increase, social inventory increased by 799,000 tons. Downstream: downstream enterprises in the near future orders poor, Baosteel, Shougang and other state-owned enterprises in the near future production and sales flat, private enterpriseorders continue to be poor, between the raw material cost pressure, The current price of Makou iron is still supported. Spot market, the recent market tin plate spot less, market quotation slower, terminal demand is not fully started, the market trading atmosphere in general, state-owned factories to futures-based, local out-of-stock is more obvious. In addition, Baosteel, Meisteel in July 2018 tin-plated / chromium futures prices increased from June, Baosteel tin-plated CA, Meisteel, chrome prices flat increase of 100 without tax. In addition, Baosteel's recent base price flat, production and marketing balance, some specifications are relatively out of stock. To sum up, in the short term, the tinned market is still a steady wait-and-see operation.
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