The price of domestic nodular cast iron manhole covers may remain volatile in the later period
Domestic construction steel prices have risen sharply. In terms of specific prices, the average price of 25 major cities across the country was 4,186 yuan / ton, which was an increase of 33 yuan / ton from the previous trading day. From the inventory data of 35 cities across the country on the 12th, the thread was 457.25 minus 9.81; wire 122.8 decreased by 3.28, and both the factory treasury and the social treasury declined, indicating that the stock still supports the price. However, the cost of merchants fell slightly in the later period. In addition, the overall demand in the off-season was not strong, and the terminal's acceptance of high-priced resources was limited. Taken together, it is expected that the prices of domestic ductile iron manhole covers may remain volatile in the later period, and may remain strong in the short term.
On the 12th, hot rolling prices in 24 major cities nationwide rose slightly. The national average price of 4.75 hot rolled coils was 4,258 yuan / ton, up 18 yuan / ton from the previous trading day. On the 12th, the goods market rose sharply, and the market mentality was relatively optimistic. In the morning, the quotations of merchants rose slightly, and market transactions improved slightly than yesterday. However, with the rise in prices, downstream acceptance was somewhat difficult. In the afternoon, the transaction gradually faded, and some market prices fell slightly. Taken together, it is expected that the hot rolling market prices will fluctuate tomorrow.
National cold rolled prices rose slightly on the 12th. In terms of prices, the average national cold rolled price of 1.0 was 4,708 yuan / ton, which was flat compared to the previous working day. At present, the market demand is generally weak and the price increase is limited, but the cost price supports the spot market price. Taken together, it is expected that tomorrow's cold rolling prices will continue to fluctuate and consolidate.