Jiangsu Changbo Stainless Steel Co., Ltd.
Blog
BACK

Industry news

The domestic construction steel market is expected to stabilize slightly stronger

2023-05-29
Near the end of the week, futures spot rebound, transaction has a certain improvement. Over the weekend, the market sentiment is relatively stable, up and down ...

Spot market dynamics: 26, the national 31 major cities 20mm three grade seismic rebar average price 3696 yuan/ton, compared to the last trading day down 2 yuan; The Shanghai rebar dollar index closed 0.43 per cent higher at 494.26. Specifically, last week the spot market continued to decline, the price of snails also hit a recent low, near the end of the week, futures spot have rebounded, the transaction has a certain improvement. Over the weekend, the market sentiment is relatively stable, up and down the range is not big, the national building materials market price is expected to hold stable operation today.

Stage snail situation: night trading, stage snail 2310 contract closed at 3481, up 0.99%; Positions held by 2.067 million lots were reduced by 0.49 million lots.

Outside: In the last session, WTI New York crude closed at $72.87, up 1.48%; The dollar index closed down 0.02% at 104.19. Dow Jones Industrial Average 33,093.34, up 1%.

Related Products