June 5 Tianjin Steel Price Trend Analysis

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The opening of the market today, Tianjin steel market steady weakening, some species under the price. At the time of the press release, the price of secondary steel thread of Hebei Iron and Steel Group was RMB 4,090/ton, which was RMB 10/ton; the price of the third-class seismic thread was RMB 4,150/ton, and the price of the third-class disk was RMB 4,220/ton. The price of round steel is 4160 yuan/ton, stable, and Jiujiang 6.5 high straight price is 3880 yuan/ton, dropping by 40 yuan/ton.

Rebar: Today, the prices of various businesses in Tianjin weakened, it is understood that the current merchants gradually arrive, the stock size is decreasing, the mainstream price of secondary steel is reduced slightly by 10 yuan/ton, and the prices of tertiary steel and coil are temporarily Mainly to the smooth, the second and third grades have the tendency to move closer to the normal difference. However, due to the fact that some businesses in the market were not strong enough, there was a phenomenon of non-profit shipping, which was adjusted downwards by about RMB 20/ton on the basis of mainstream prices. Although the magnitude is not large, it is expected that the impact on the current fragile market mentality will be very large, and it is estimated that the market price in the future is likely to be closer to low prices.

In terms of wire rods, the price of the Jiujiang High Line continued to fall today, and the drop was relatively large, reaching 30-40 yuan/ton. It is understood that various businesses offer different prices, but the gap is not large, basically at 10 yuan / ton. In recent days, prices have continued to decline, mainly due to the drop in the price of billets. Coupled with poor market demand, transactions have been poor. As a result, businesses have reduced their expectations in the future, and price reduction and shipment have become the mainstream mentality in the current market.

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