Newsletter summary

The building materials market in Jiangsu, Zhejiang and Shanghai is weakening today90freespinsnodepositSome of the prices fell, and the transaction was mediocre. According to the survey data of Lange Steel Network, the shipments of 12 large construction steel samples in Hangzhou increased by 9.5 million tons. Futures steel decline increased, business quotations down, high inventory and insufficient demand as the main contradiction, there are differences in market expectations.

Text of news flash

[Jiangsu-Zhejiang-Shanghai building materials market shows weakness, futures steel decline increases] with the increase of future steel decline, the building materials market in Jiangsu-Zhejiang-Shanghai region shows a weak trend. According to data provided by Lange Steel Network, the total shipment of 12 large construction steel sample households in Hangzhou today was 12000 tons, an increase of 9.5 million tons over the previous trading day. In the context of the decline in steel prices, traders actively shipped, merchant quotations were generally reduced by 10-20 yuan compared with yesterday. At the same time, the bargaining space of the actual transaction price is also expanding. The main problems facing the current market are high inventory and insufficient demand. The logic of market operation has shifted from expectations to fundamentals. Although there are differences in short-term market expectations, in the long run, Jiangsu, Zhejiang and Shanghai building materials market supply is still strong, demand is relatively weak, this situation is expected to continue.