Moderate pullback of short-term ductile iron manhole cover is favorable for shipment
On the 20th, the national hot rolled pipe billet market price was lower, and shipments were weak. The pipe billet market in Jiangsu fell steadily. Now 20 # hot-rolled pipe billets are quoted at Huaigang 4580 yuan / ton, Zhongtian 4570 yuan / ton. According to the market's reflection, steel mill resources have flowed into the market one after another, with a stable mentality, and spot prices have weakened slightly following the general environment. Tomorrow's steel mill bids are expected to continue to rise. From the market point of view, the price of tube billet steel is stable and small. The pipe billet market price in Shandong has dropped by 20 yuan / ton, and the current 20 # hot-rolled pipe billet steel mills have made direct offers: Shandong Luli 4160 yuan / ton and Linyi Jiangxin 4160 yuan / ton.
On the 20th, major steel products continued to fall slightly, and the market was cautious. On the one hand, after the futures plunged yesterday, the trend changed slightly on the 20th, and the performance of the market rebounded in the late trading, which slightly supported the decline in steel prices; on the other hand, the fundamentals of the spot market remained weak, especially in terms of transactions. Although the daily shipments are better than yesterday.
But recently, most merchants' shipments have remained at a normal low level, which has put some pressure on shipments. Merchants said that the moderate correction of short-term ductile iron manhole cover prices is conducive to shipments and is also conducive to steel mill settlement policies. Therefore, the price willingness is not obvious, but the market outlook still does not have significant downward space, after all, the cost is still high. It is expected that the trend of steel prices will run in a narrow range.