On September 10, the price of construction steel in Tianjin market rose sharply by 80 yuan/ton, and the market trading atmosphere was good. As of press time, the mainstream quotations of Hegang HRB400EФ14mm thread are 5390-5430 yuan/ton, and Hegang HRB400EФ22mm thread 5310-5350 yuan/ton; in terms of disc snails, Hegang HRB400EФ10mm coil snails are now 5680-5720 yuan/ton.
The market opened on September 10, and the quotations of various merchants in the Tianjin construction steel market increased by 80 yuan/ton from yesterday. The market has a good trading atmosphere, but the transactions are average. Futures rose strongly in the afternoon of September 9th, and the market trading atmosphere was good. It is understood that, driven by the rise in futures prices today, steel mills have guided price increases, and dealers’ confidence has been significantly boosted, and quotations have risen accordingly. In September, the weather improved, the downstream began to rush to the construction period, the demand was released slightly, and some construction sites began to actively stock up. In terms of inventory: Tianjin building materials market inventory increased by 185,600 tons by 5,400 tons. Among them, 153,100 tons of thread increased by 6,000 tons, and 32,500 tons of coiled wires increased by 4,800 tons.
On the whole, Tianjin’s construction steel market inventory increased slightly, prompting some merchants to appropriately increase shipments, but most merchants are optimistic about the medium and long-term market, and their mentality is acceptable. Under the influence of demand and other favorable factors, it is expected that the price of construction steel in Tianjin may fluctuate and become stronger in the short term.
Post time: Sep-15-2021