【Construction steel】The market price of construction steel rose first and then fell on the 7th. The average price of rebar in major cities was 3914 yuan / ton, up 19 yuan / ton from the previous trading day. The conch shock fell, and the closing price of the main contract was 3535 yuan / ton, down 1 yuan / ton from the settlement price of the previous working day, and 235 yuan / ton discount compared with the market price of Hangzhou Zhongtian thread 3770 yuan / ton. Tangshan billet was slightly revised up over the weekend, and market sentiment was positive. In the morning, the market price of construction steel in East China rose slightly by 10-20 yuan / ton. In the late opening period, the spiral rushed higher and retreated, the morning trading performance was flat, and the market's bullish enthusiasm slowed down. The intraday spot rally gradually slowed down, the market activity in the afternoon was still not high, the enthusiasm of middlemen to enter the market was not enough, and some merchants loosened their quotations in order to seek shipments. The arrival of land resources is limited, some specifications are missing, and the phenomenon of specification price increase is frequent. The recent demand release has been less than expected, and the business mentality is more pessimistic. It is expected that the recent construction steel market quotation will be mainly volatile.
【Hot rolled coil】The overall rebound of hot rolled spot prices on the 7th. The average price of 3794 yuan / ton in major cities across the country increased by 16 yuan from the 4th compared with last week. Shanghai 3750-3770 yuan / ton fell 30 from the 4th up 140 from last week, and Lecong 3780-3800 yuan / ton fell 20 from the 4th and rose 130 from last week. Tianjin 3710-3740 is up 20 from the 4th and up 90 from last week. The tender price of Yangang fell by 40 percent . Rizhao steel spot prices are stable. The billet price fell 50 to 3,400 yuan. Futures fluctuated slightly after a sharp drop in the day, closing at 3618, down 22, or 0.6 percent . Driven by the market's strong expectations for the policy, spot prices continued to rebound in the last cycle, and expectations were falsified to a certain extent at the end of last week, and emotional fluctuations affected the disk shock and declined. Short-term price bearishness and demand worries are controlled, and may be in a volatile downward trend.
