Both the market and ironworks nodular cast iron manhole cover stocks have dropped significantly
The spot price of ductile iron manhole covers this week changed from last week's decline and showed a slight increase. As the futures market fluctuates, market sentiment is obviously boosted, and merchants' prices have also followed the rise, while trading performance has been heavy. During the Qingming Festival, although the spot price was stable, the billet price rose by 50 and returned to above 3,400 yuan. Judging from the released inventory data, the market and the iron plant nodular cast iron manhole cover stocks have both declined significantly, indicating that demand is gradually recovering.
In addition, the weather is warming up after the Qingming holiday, and the operating rates of construction sites in various places have basically returned to normal, and terminal demand will continue to be released. However, with the end of the production limitation period, steel mill output will continue to be high, and the increase in supply may weaken the support brought by demand recovery. On the whole, with the gradual recovery of demand, short-term market prices are expected to fluctuate.
The trade war hedging improved supply and demand, and the national building materials market declined steadily. Rebar prices in most of the 25 major cities nationwide fell today. Among them, the prices of rebar in 13 cities including Jinan, Fuzhou, Wuhan, Beijing, Shenyang, and Lanzhou fell by 20-130 yuan / ton, and the Urumqi market fell by ****, with only Changsha and Chengdu market prices rising by 20 yuan / ton. In the past two weeks, the turnover of the building materials market has clearly increased, which has driven the rapid decline in steel inventories. According to monitoring, the inventory of the building materials market this week was 12.017 million tons, a week-on-month decrease of 7.3%; the inventory of 139 building materials steel mills was 4.107 million tons, a week-on-month 12.2%.