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    Weather MOD steel market is weak construction steel prices fell overall

    Enter the rainy season, days of rain, so that the original weak construction steel market is more sluggish rebar, wire rod, plate, screw, round steel and other steel prices tumbled comprehensive and decline more than traders sluggishness, sales greatly reduced, attitude instability, is not optimistic about the market outlook.
          In the interview, the salesman of "China Metallurgical News" reporter, said, June 15 Shanghai officially entered the rainy season, frequent rainfall this week, four days business days of rain, construction steel is becoming more and more light, hand goods can not sell, Monday, Tuesday, Thursday, the company did not sell a ton of seismic steel. A large steel trading company clerk, told this reporter said: again and again these days rainstorm, heavy rain, the site rarely getting goods sales decreased, average daily sales of only about 500 tons, compared with the normal level of 1000-1500 tons daily sales , a lot worse.
          Prices fell every day, and sales for fall. According to case managers in sales feedback, this week, Shanghai's three rebar price ø20mm (HRB400) fell 40 yuan / ton; high-wire ø6.5mm (Q235) prices fell 70 yuan / ton; plate, screw ø8mm- ø12mm (HRB400) prices fell 40 yuan / ton; round ø8mm-ø12mm (HRB235) prices fell 60 yuan / ton, not stabilized signs of stabilization.
         "Drop in price less" situation, the operator this week in Shanghai construction steel market analysis presented in June, the steel market has always been the off-season, and this week continuous thunder and lightning storm, Shanghai road stagnant water, transport disruption, customers Warehouse made difficult, building construction side to purchase rebar, wire significantly reduced. Downstream users of wire, steel daily purchases continued to fall 1.47% MoM. Many ship-based steel trading company, have generally increased kicked upstairs, profit sharing rate in exchange for sales.
         Demand reduction, inventory increased. According to the inventory monitoring data show: At present, the total rebar inventory in Shanghai on the market for 318,500 tons, 14,500 tons from the previous month increased; wire 76,500 tons, reducing 05,700 tons; plate, screw 35,500 tons, reducing 05,500 tons. The total 430,500 tons of construction steel inventory increased 03,300 tons. Inventory "turned up by the fall," highlights the contradiction between supply and demand, resulting in the construction steel market prices continued to fall, fall again. Shanghai rebar market this week has been reduced to the lowest 1920 yuan / ton, the lowest level in 12 years of history.
         Some operators believe that the early introduction of some mills together "limit" policy, requiring traders rebar, wire rod sales price shall not be lower than the specified level of steel, but steel price policy, for construction steel in Shanghai market prices stabilized stabilized does not seem to bring substantial effect. Some steel prices continued to fall. This coming week, some steel rebar, wire rod prices down 30-80 yuan / ton, and some have been lower than those promulgated the "limit" policy of steel price levels. Undoubtedly, steel prices continue to fall, driven by the spot market price of construction steel shock decline.
         For the latter part of Shanghai construction steel market trends, operators generally believe that in the short term in Shanghai rebar, wire rod market no better, the price does not have rebound conditions. Main reasons: First, the downstream end effectively shrinking demand. Nowadays a time when the rainy season, building construction is affected, rebar, wire rod, plate, screw reduce demand, insufficient power to support the price rise. Second, rising inventories, sales pressures. Recently, the Shanghai rebar stocks "have turned up drop" oversupply become more severe, traders Cheap promotional "price change" driven downward price correction. The third is near the end of the shortage of funds. Some construction projects due for projects not yet in place, construction is slow; traders lack of money rather than hoard goods, adhere to low inventory, zero inventory   strategy, terminals and in the end demand both fell.
         From these factors, in June in Shanghai construction steel market can not pick up, prices continued volatile activity, the stock market rose significantly hard.
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