On the 4th of the Shanghai market, the price of pattern plate coils was weak and the market was poor. From the perspective of the prices collected in the morning, before the press release, the price of 3.0*1250mm was quoted at 4350-4360 yuan/ton, between 4.5*1250mm at 4270-4280 yuan/ton, and 5.5*1250mm at 4270 yuan/ton.
Judging from market feedback, the real estate, automobile and other industries in this year have been sluggish for the first half of the year, and there is bound to be an impact on the demand for decorative plate coils. However, from the perspective of the recent national economic policy, these industries may be expected to improve in the third quarter. At present, the pattern market in the Shanghai market indicates that demand is low and shipments have not improved. However, due to the market's digestion of pre-merchant spot resources, the current spot inventory of merchants has fallen back to a lower level, with little pressure. However, due to the demand, businesses are cautious.
According to data released by the China Federation of Logistics and Purchasing and the National Bureau of Statistics Service Survey Center, the non-manufacturing PMI in China in June was 56.7%, up 1.5 percentage points from the previous month. This is the second consecutive month that the index has rebounded. It shows that the signs of stabilization in the current economic growth are beginning to show. On the whole, positive factors that promote steady economic growth are accumulating, which is conducive to stabilizing the economy in the second half of the year.
In summary, the current downstream demand is weak, and in the short term it will continue to operate at a weaker level. However, in the long run, due to the favorable effect of the country’s economic policies, the steel market may recover in the later period.
Judging from market feedback, the real estate, automobile and other industries in this year have been sluggish for the first half of the year, and there is bound to be an impact on the demand for decorative plate coils. However, from the perspective of the recent national economic policy, these industries may be expected to improve in the third quarter. At present, the pattern market in the Shanghai market indicates that demand is low and shipments have not improved. However, due to the market's digestion of pre-merchant spot resources, the current spot inventory of merchants has fallen back to a lower level, with little pressure. However, due to the demand, businesses are cautious.
According to data released by the China Federation of Logistics and Purchasing and the National Bureau of Statistics Service Survey Center, the non-manufacturing PMI in China in June was 56.7%, up 1.5 percentage points from the previous month. This is the second consecutive month that the index has rebounded. It shows that the signs of stabilization in the current economic growth are beginning to show. On the whole, positive factors that promote steady economic growth are accumulating, which is conducive to stabilizing the economy in the second half of the year.
In summary, the current downstream demand is weak, and in the short term it will continue to operate at a weaker level. However, in the long run, due to the favorable effect of the country’s economic policies, the steel market may recover in the later period.
DANYANG TRUST IMPORT & EXPORT COMPANY LIMITED , https://www.dytrust-tools.com