Ductile iron manhole covers sell well at low prices
Beijing construction steel market prices rose slightly. According to the monitoring data of the iron and steel cloud commerce platform, as of July 19, the Beijing helical salon's batch transaction guide price: Φ8-10mm high line is 4,830 yuan (ton price, the same below), which is the same as last week. The Φ12mm grade III seismic rebar produced by Hebei Iron and Steel Group was 4,170 yuan, up 10 yuan from the same period last week; the Φ25mm grade III rebar was 3960 yuan, up 30 yuan from the same period last week.
Before the release of domestic economic data this week and the Fed Chairman's speech, the futures and spot markets rose first and then fell. With the better-than-expected retail sales data in the United States in June, the futures market rebounded after the news came to an end, while the spot market suffered from lack of resources, merchants reluctant to sell, market transactions were poor, and prices remained weakly adjusted. Recently, there are not many steel mills arriving, especially the large mills have a shortage of resources, the merchants are cautious, and the price adjustment is not large. Ductile iron manhole covers are sold well at low prices, and the daily turnover of large market players is 300-2500 tons.
Domestic heavy economic data has been released one after another, and the GDP growth rate in the second quarter remained at 6.2%, in line with market expectations. In addition, macro data such as industrial added value have improved significantly, and good operating conditions have boosted market confidence. The large commercial firms cooled down urgently, and the market mentality was cautious to wait and see, which caused some risk aversion for speculative funds to heat up.
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