On the 8th, the market price of building materials dropped slightly. The average price of rebar in major cities was ￥5385 /ton, down ￥7 /ton from the previous trading day. The snails fluctuated downward. The closing price of the main contract was ￥5452 /ton, which was ￥52 /ton lower than the settlement price of the previous working day, and a premium of ￥92/ton from the market price of Hangzhou Zhongtian Thread at ￥5360/ton. In the night market, the snails opened lower and moved lower, and market sentiment weakened. The market opened in the morning, and the East China building materials market price opened slightly lower by ￥20 /ton. Today’s transaction performance is average, and the demand from middlemen has obviously weakened. Some merchants are stimulating shipments, and the dark drop in prices has been enlarged. Although the supply and demand side has continued to improve recently, it has given a certain boost to the market. However, the current demand has not yet fully started. In the case of tepid transactions, merchants tend to be cautious, and short-term prices do not have a substantial upward momentum. The market price of building materials is expected to fluctuate tomorrow.
Post time: Sep-09-2021