Guangzhou market ductile iron manhole cover prices consolidate upward this week
South China market: This week, the market price of ductile iron manhole covers in Guangzhou market has been consolidating upwards. So far, the prices of ordinary coils above 4.75mm in leading steel mills are 4280-4290 yuan / ton, the lowest price is 4270 yuan / ton, and the price of 2.75mm coil is 4330-4350 yuan / Between tons, it is 60-80 yuan / ton higher than last week. In terms of the market, the market continued to rise at the beginning of the week, rising to a high of 4230-4320 yuan / ton. Due to limited resources in the hands of some merchants, transactions were relatively average.
Towards the end of the week, when the futures and peripheral markets are weakening, the prices of merchants are slightly lower, but the overall price consciousness is not strong, mostly consolidation. In addition, it is worth noting that the current price difference between local and Tianjin prices is about 200 yuan / ton, which will stimulate the re-investment of northern resources, and resources may increase slightly in the later period. As for steel mills, Liugang ’s current production is still at a During the suspension of production, the normal production of the second hot rolling is mostly based on cold rolled base materials. The amount of hot rolled resources is limited. In addition, the prices of East China and North China were high in the early stage, and the resources sent to the region were limited.
In terms of inventory: Jianlong, Yangang, Shagang and other small arrivals, as the amount of outbound positions is still greater than the amount of inbound positions, the overall market inventory continues to decline. According to incomplete statistics, Lecong's hot rolled coil inventory was 446,000 tons this week, down 43,000 tons from last weekend. Taken together, the current market arrival is still relatively limited, resources are in short supply, and merchants have a strong sense of price. It is expected that the price of Lecong Hot Roll will be consolidated at a high level in the short term.