First, yesterday's market review
On the 30th, Tangshan Qian 'an area, the factory price of the bad resources including tax increased by 50 yuan/ton, 3450 yuan/ton. 28, 2301 ore contract closed 624.5 yuan/ton, down 4.87%, rebar 2301 contract closing price 3490 yuan/ton, down 2.81%, the average price of major cities in China 3946 yuan/ton, down 43 yuan/ton compared with the last working day. Specifically, the price in Yunnan-Guizhou market will drop by 20-70 yuan/ton, and the price in Sichuan-Chongqing market will drop by 40-60 yuan/ton. Period snail dive substantially, the southwest market performance is weaker, the market price then synchronously adjust the mainstream price of merchants generally fell.
Second, Spot market sentiment expectations
Third, today's market expectations
Overall, spot supply and demand still maintain a weak balance, the market mood is generally pessimistic, prices continue to fall, steel mill losses expand, raw materials, lumber prices fell synchronously. Early today is expected to southwest major market construction steel prices or weak operation.