Recently, ductile iron manhole covers have opened slightly higher by 10-20 yuan / ton.
Looking at the national market, today 63% of market quotes are flat, 30% of market quotes are up, and 7% of city quotes are down. From the perspective of the futures market, today's spiral consolidates, and the main thread 1810 contract ** finally closed at 3565 yuan / ton, which is 17 yuan / ton higher than the settlement price of the previous working day. According to market feedback, the market was opened in the morning. The earth graphite cast iron manhole cover resource opened slightly higher by 10-20 yuan / ton, and the market mentality was stable.
Stimulated by the upward spiral and volume of transactions, local building materials rebounded from yesterday. However, due to the rainy weather in Shencheng today, market transactions were blocked, and further upward momentum in prices was insufficient, and the merchant mentality returned to the sidelines. The value was at the end of May. On the one hand, due to the pressure of funds, the demand for merchants to withdraw funds was obvious.
On the other hand, the recent rainy season is concentrated, and the enthusiasm for downstream procurement is low, so the market is in a dilemma. Considering that the current high cost is still high, and the inventory level continues to fall, there is still some support for prices in the short term. The author judges that the short-term market may be based on shock consolidation.