BACKIndustry news
Yesterday Shanghai local construction steel prices weak operation. Over the weekend, some steel mills cut the factory price of billet, spot opening overall weak operation, the disc in the middle of the spiral to weak operation, demand feedback is general, merchants to promote shipment, gradually lower spot offer, afternoon spiral once approached 3550 points, low spot lost 3500 points, the end of the volume price slightly recovered. The overall daily resources show a weak shrinking trend.From the inventory point of view, 17 Japan net all warehouse inventory in Shanghai, including thread total 480,100 tons, an increase of about 20,400 tons from the previous month; The total number of wires was 61,700 tons, which decreased by 0.01 tons from the previous month. Disk snails total 112,800 tons, a month-on-month decrease of about 11,700 tons, local inventory for three weeks in a row after a sudden increase in excess of five weeks, a small increase in inventory this week, the arrival of some low resources in the structure increased, merchants settlement pressure is greater, the operation is based on price reduction volume, spot price with insufficient impetus, basis widened.
