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Steel prices latest quotation on May 26, 2016, the national steel market price trend analysis forecast

Time: 2016-05-26

Steel prices latest quotation on May 26, 2016, the national steel market price trend analysis forecast.


Market monitoring shows, according to the national average price of 20mm HRB400E rebar on May 25 is 2283 yuan/ton, compared with the previous trading day down 21 yuan/ton.
20 mm thick steel plate, the average price is 2523 yuan/ton, compared with the previous trading day down 12 yuan/ton. 3.0 mm hot rolled steel coil average price 2665 yuan/ton, compared with the previous trading day dropped 10 yuan/ton.

Yesterday, the market mainstream price decline has slowed, the local price, driven by a rebound. But the downstream acceptance is low, still wait and see, rebounded slightly weak. Shipping 
situation is not optimistic, there is financial pressure merchant shipping widespread kicked upstairs. Currently there is no change in the pattern of weak fundamentals, the market lacks sufficient thrust to rise. However, after the Tangshan continuous slight increase in the S & P steel billet Yan high bid price stimulation, the billet is still expected to rise, driven by steel prices stabilized rebound or billets up local exploration. Today is expected to price confusion, the decline slowed, the local probe up.

Raw materials, yesterday Tangshan billet offer up 20 , now 1900 yuan / ton, finished a steady rise, can still be traded, downstream mining blank initiative to improve, businesses continue to replenishment, good deal, but overall still lack confidence, expected short-term stable.

News, from January to April 2016, the national state-owned and state holding enterprises smooth economic operation, some indicators continued to improve. Although income, profits continue to 
decline, but the decline narrowed the previous month, respectively 1.3 and 5.4 percentage points, coal, steel and nonferrous metal industries continued to lose money.

On the whole, local exploration rose yesterday, low downstream acceptance, lack of upward thrust of the market. However, billet or drive up local exploration. This is expected to price confusion, 
the decline slowed, the local probe up. Materials have -30 to 50 yuan / ton downward adjustment space.

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