The price of building materials was adjusted in mid-November, and the price of building materials increased by 60 yuan / ton. This is the second price adjustment after Shagang reduced its rebar price by RMB 100 / ton on October 21st. The price announced on November 1st this month remains unchanged. From this, it is not difficult to find that the increase in the price of building materials by Shagang is also a supplementary increase after the slight rebound in the building materials market since late October. Judging from the increase, it is basically consistent with the average market price volatility, reflecting the cautious attitude of steel mills to the rise in market prices. At the same time, with the approach of the off-season market, the demand for Q690D steel plates is expected to fall, and the pessimism of the winter reserve will also limit the pace of steel mill price adjustments.
Data show that from November 4 to 8, the total iron ore shipments in Australia and Brazil continued to increase. Among them, Australia shipped 17.422 million tons, an increase of 2.127 million tons month-on-month, reaching a new high since the end of June. Judging from the increase in the number of ports entering China, the number of arrivals in North and South China increased significantly, increasing by 1.216 million tons and 800,000 tons, respectively.
Next: Current inventory level of Q690D steel plate
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- Q690D钢板市场需求较弱 [2019-11-27] Q690D steel plate market demand is weak
- Q690D钢板当期库存水平 [2019-11-13] Current inventory level of Q690D steel plate
- Q690D钢板供应紧张 [2019-11-07] Q690D steel plate supply is tight
- Q690D钢板市尝试回涨 [2019-11-01] Q690D steel plate market tries to rebound
- Q690D钢板市场氛围缓和 [2019-10-24] The atmosphere of Q690D steel plate market is easing
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